Here’s a little mid-week Trump fuckery recap:
- More than 800(!) former federal prosecutors (Democrats and Republicans) signed on a statement that said Trump would’ve been hit with multiple felony charges for obstruction of justice if it wasn’t for his presidency.
- Trump threatened China with more tariffs and plummeted the stock market
- Trump blocked his former lawyer Don McGahn from testifying before Congress
- Trump had Treasury Secretary Steve Mnuchin block the release of his recent 6-year federal tax return (we predicted it last month)
About the last bullet point, why is Donnie so hell-bent on blocking the public from seeing his finances? Because he’s a fraud.
The biggest money loser in America
In 1985, only three individual taxpayers in the IRS database lost more money than Trump. In 1987, the same year he put out the book “The Art of the Deal”, Trump lost $42.2M. Master dealmaker, huh?
Trump, the tax-fraud sportsman
In response to the NYTimes report, Trump yesterday casually admitted that he was gaming the tax system, tweeting “it was sport” for real estate developers to show losses for tax purposes. Which is basically saying, “Nah, I didn’t lose that much money. I cheated on my taxes, tho”.
Trump’s former lawyer Michael Cohen, when grilled by Alexandria Ocasio Cortez during his testimony back in February, confessed that Trump inflated the value of his assets to get loans (that’s bank fraud, a crime) and then deflated the value of his assets when it was time to file for taxes (that’s tax fraud, also a crime).
In normal, functioning countries, committing tax crimes should be a death sentence for your political career. In 2016, Iceland Prime Minister Sigmundur Davíð Gunnlaugsson was forced to step down when his tax evasions were revealed. In America, though, 91% of Republicans support Trump according to the most recent poll.
He can. Because White Privilege.
NY Senate strikes back?
In the midst of all this drama, NY Senate yesterday passed a bill that would allow the Congress to see Trump’s state tax returns. Trump has been based in NY his whole life so state tax returns should provide at least a glimpse of his real finances. Which is cool, but it looks like getting his federal tax returns might be a long shot, though, as the court battle to get those returns could take months and ultimately end up going all the way up to Supreme Court, where Republican judges enjoy majority control.