Taxes

Trump intends to take tax return fight to Supreme Court

This image is a profile of Donald Trump speaking into a microphone.
President Trump at a Georgia rally on Nov. 8, in Atlanta, Georgia. Photo: Brendan Smialowski/AFP via Getty Images

President Trump's lawyers intend to petition the U.S. Supreme Court by Nov. 14 to review a lower court ruling requiring the president to turn over eight years of his tax returns to a state grand jury, according to a letter written Friday.

Why it matters: This case would mark the first time the Supreme Court makes a decision on Trump's legal argument — that he is immune from criminal investigation while in office — and could "produce a major statement on the limits of presidential power," the New York Times reports.

The growing anti-Warren consensus shows the limitations of her plans

Illustration of a stack of papers towering over 2020 candidate Elizabeth Warren
Illustration: Eniola Odetunde/Axios. Photo: Sean Rayford/Getty Images

The Economist came down hard on Sen. Elizabeth Warren last month, describing her regulatory proposals as "jaw-dropping" and warning of "a severe shock" were her plans to be enacted.

The state of play: Similar sentiment has arrived from Steve Rattner, the manager of Mike Bloomberg's fortune, who says that a "Warren presidency is a terrifying prospect." Billionaires Leon Cooperman and Jamie Dimon have also joined the chorus.