As aspect of an settlement among the President's attorneys and the Manhattan district attorney's office, the subpoena would not be enforced until eventually seven calendar days from Marrero's selection.
"At its core, it quantities to absolute immunity by a again door, an entry level by which not exclusively a President but in addition probably different individuals and entities, private and non-private, might successfully achieve cowl from judicial course of", the judge wrote. "This argument can't suffice to display irreparable damage", Marrero wrote in denying Trump's movement.
Trump is the only modern day president who has refused to release his tax returns.
The president's legal professionals argued the subpoena of his tax returns is overbroad, partly, as a result of it's not confined to the funds made by Cohen - an argument Marrero rejected in his ruling Thursday.
The high-stakes case has been playing out since August 2019.
In July, the Supreme Court rejected Mr Trump's arguments that he can not even be investigated, let alone charged with any crime, while he is in office.
Mr Vance's lawyers said they were entitled to extensive records to aid a "complex financial investigation" and they cited in their papers public reports of "extensive and protracted criminal conduct at the Trump Organisation".
Trump had sued Vance to quit the grand jury subpoena of his longtime accounting organization Mazars Usa for a long time of his information.
"The idea that the District Attorney needs these records so badly that there's no time for appellate review-after he voluntarily stayed enforcement for almost a year-is implausible", they said. But the ruling opened the door for the president to return to the lower court in Manhattan and raise other objections to the subpoena.
Vance is subpoenaing for Trump's financial documents as part of a criminal grand jury probe. Vance has suggested the investigation goes beyond the hush money to a broader look at the Trump Organization.