Democrats wasted little time responding to the New York Times bomb that President Trump paid only $ 750 in federal income taxes in 2016 and 2017.
“The New York Times reports provide a window into the extraordinary measures President Trump has used to tamper with the tax law and avoid paying his fair share of taxes, while hardworking Americans are,” House Speaker Nancy Pelosi, California. He said in a statement.
Senate Minority Leader Chuck Schumer, a Democrat from New York, tweeted "raise your hand" emoji "if you pay more federal income tax than President Trump."
Representative Alexandria Ocasio-Cortez, a Democrat in New York, tweeted that she “pays thousands of dollars a year in taxes * as a waiter *” and said that Trump “has contributed less to financing our communities than waitresses and illegal immigrants.”
Trump earned $ 197 million from The Apprentice.
He secured an additional $ 230 million from Trump branding opportunities
$ 8.7 million was paid to Trump by ACN, a multi-level marketing firm that "has been accused of tapping into vulnerable investors."
$ 15.2 million of a license named for a range of mattresses
A White House spokesman refuted the Times story, calling it "another politically motivated piece full of inaccurate defamation." Neither the spokesperson nor Trump challenged specific details in the articles.
Biden's campaign was also quick to jump on reports in The Times, issuing a video ad on Twitter comparing what it said were the average taxes paid by teachers, firefighters, and nurses, all over $ 750. It also unveiled a calculator so users could see: "How much more tax I paid than President Trump?"
In an interview on MSNBC, Pelosi said that Trump's finances are a national security issue because, according to The Times, he has about $ 300 million in loans that will become due within the next four years.
At a news conference Sunday, Trump called the report "fake news."
He tweeted on Monday that he "paid several million dollars in taxes but was worth, like everyone else, depreciation and tax credits." He added, "He is very under-indebted - I have very little debt compared to the asset value." Trump also said he "may" release financial statements "that show all property, assets and debt."
The chair of the Senate Finance Committee, Senator Chuck Grassley, a Republican from Iowa, told reporters at the Capitol that he had read the story of the Times, and said, “The idea that comes to my mind is how is the IRS taking so long to get audits done? The Tax Authority is not doing its job. "
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