On Tuesday, the New York Times attempted to nail President Trump by release decades old tax information.
The President responded to the bogus report on Wednesday morning.
According to the Daily Caller, “the Times, which obtained ten years of information on Trump’s taxes between 1985 and 1994, alleged that Trump’s core businesses lost $1.17 billion in that timeframe. The president’s lawyer, Charles J. Harder, claimed that the information is “demonstrably false,” adding that IRS transcripts from that time are “notoriously inaccurate.”
President Trump stated that the losses were due to “write offs and depreciation” concerning his business activities.
“Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write-offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases.” the President started.
….you would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did — and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!
— Donald J. Trump (@realDonaldTrump) 8 мая 2019 г.
Just another attempt by the radical left to derail the President of the United States.
The fight for President Trump’s tax returns has been going on for the past few months.
In April, Mick Mulvaney, the current White House Chief of Staff announced in an interview that the Democrats will never get to see President Trump’s tax returns. This statement from Mulvaney comes after the recent push by Democrats to obtain the President’s tax returns.
“Oh no, never — nor should they,” Mulvaney assured Fox News host Bill Hemmer, when asked if the Democrats will ever get ahold of President Trump’s tax returns. “That’s an issue that was already litigated during the election. Voters knew the president could have given his tax returns. They knew that he didn’t and they elected him anyway.”
Mulvaney later noted that the Democrats don’t really want President Trump’s taxes and that they “just want attention on the issue because they don’t want to talk to us about policy.”
“If they don’t get what they want in the Mueller report, they’re going to ask for the taxes,” Mulvaney continued. “If they don’t get what they want in the taxes, they’re going to ask for something else. It doesn’t surprise anybody.”
When told by a reporter that Democrats had requested six years of the President’s ta returns on Wednesday, President Trump did not deny that he may release them in the future.
Is that all? Usually it’s 10,” Trump responded. “So I guess they’re giving up. We’re under audit, despite what people said, and we’re working that out — I’m always under audit, it seems, but I’ve been under audit for many years, because the numbers are big, and I guess when you have a name, you’re audited. But until such time as I’m not under audit, I would not be inclined to do that.”
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