The Damage Report
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TDR Live: Trump Tax Bombshell Proves He's a Massive Lying Failure
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September 28, 2020
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1:22:00Now PlayingThe Damage Report host John Iadarola is joined by Francesca Fiorentini, host of Newsbroke on AJ+ and The Bitchuation Room podcast, to break down the day’s top stories.
New reporting by The New York Times reveals Donald Trump paid a measly $750 in federal income taxes the year he won the presidency. Tax documents obtained by The Times show a pattern of Trump declaring high losses to avoid paying any taxes. As the political world reacts, the President freaks out on Twitter. Conservative favourite Amy Coney Barrett has been named as President Trump’s 3rd Supreme Court Nominee. Early voting data suggests Democrats are turning out in bigger numbers than their Republican counterparts. Registered Independent Dwayne “The Rock” Johnson has endorsed Joe Biden for president.
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“One of the biggest secrets in American politics — what’s in the tax returns that President Donald Trump has refused to release for so long — has at last been revealed, by the New York Times.
Times journalists Russ Buettner, Susanne Craig, and Mike McIntire obtained “tax-return data extending over more than two decades” related to the president, and have revealed their findings in a bombshell new report. (They are not posting the documents themselves, to avoid jeopardizing their sources.)
For years, the political world has speculated on what Trump was trying to hide by holding back his returns, and by falsely claiming that he can’t release them until the IRS finishes an extended audit. Was it that he paid no income taxes at all in some years? Was it that he was far less successful a businessman than he let on? Was he claiming legally dubious deductions?
The answer, it turns out, is all of the above."
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