"I think everybody would be very poor", the president said in an interview with Fox News.
The state tax department also subpoenaed Cohen earlier this week as part of a probe pertaining to the Trump Foundation, CNN reported. In May, he suggested he'd "use the powers granted to the Presidency and get involved" in an effort by congressional Republicans to get documents related to the Russian Federation probe, and earlier this month he said he "may have to get involved" in an attempt by the conservative group Judicial Watch to obtain former deputy Federal Bureau of Investigation director Andrew McCabe's text messages.
Trump's former campaign manager Paul Manafort was convicted of tax evasion.
Because the hush payments were meant to influence the outcome of the elections, they violated USA laws governing campaign contributions.
"I don't know how you can beat somebody who has done a great job".
News Mollie Tibbetts Cause of Death Revealed
President Trump stood on the front lawn of the White House and denounced the slaying of the 20-year-old Iowa college student. Yesterday, an illegal alien, now charged with first-degree murder , led police to the cornfield where her body was found .
These revelations of guilt come on top of those of others who spent time in Trump's orbit, including former national security adviser Michael Flynn, who admitted in a December plea deal that he lied to the Federal Bureau of Investigation about his contact with Russian officials.
The Cohen investigation was referred to federal prosecutors in NY by USA special counsel Robert Mueller, who is looking into Russian interference in the 2016 election and possible co-ordination between Trump's Republican campaign and Russian officials.
While Trump denies the affairs, his account of his knowledge of the payments has shifted. Such payments could be considered illegal campaign contributions under federal election law, according to experts.
The US president lauded the 69-year-old Manafort for leaving his fate to a jury rather than striking a plea deal - a move that has sparked speculation Manafort hopes for a pardon. Even Vice President Mike Pence would be removed from office under an "annulment" of the Trump election win and subsequent term in the White House.