A central aspect of Trump’s financial flim-flam over many decades is that he has taken advantage of tax laws enacted by both Democrats and Republicans for the deliberate purpose of enabling such chicanery and minimizing the tax burden on the financial elite. It was under the Obama administration in 2010 that the IRS authorized a payment of $72.9 million to Trump, supposedly as a refund of “overpayments.”
At least until he launched his campaign for the Republican presidential nomination in 2015, Trump bribed Democrats and Republicans alike with “campaign contributions” and was rewarded with loopholes such as the favored treatment of real estate losses in the Obama administration bailout of Wall Street in 2009.
Among the politicians benefiting from Trump’s largesse over the years were Joe Biden and Kamala Harris, his current opponents. He gave campaign contributions on 17 occasions to the two New York Democratic senators, Charles Schumer, now the Senate Democratic leader, and Hillary Clinton, Trump’s opponent in the 2016 presidential contest. None of this politically inconvenient history appears in the Times account of Trump’s tax evasion.
2020-09-29
Quote of the day - 09-29-2020.
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