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NYT Report Says Trump Lost Over $1 Billion in a Decade

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  • The New York Times released a report that said President Donald Trump’s businesses accumulated nearly $1.2 billion in losses between 1985 and 1994. 
  • The report also said that Trump got out of paying taxes for eight years and lost more than almost any other taxpayer in the country within those years.
  • All of this comes amid escalating calls for Trump’s tax returns, particularly from Democrats.
  • The House Ways and Means Committee is working on a request to get ahold of them while the New York State government works on legislation that allows Congress to ask for New York State tax documents.

New York Times Report

The New York Times published information that they claim comes from President Donald Trump’s tax returns, which shows over a $1 billion in losses over the course of a decade.

In the report published Tuesday, the Times said that they did not receive actual copies of the president’s tax documents, but got information from someone with legal access to them. They then verified the information using IRS documents and other figures they collected from a prior investigation into his taxes. The data the paper uncovered spanned from 1985 to 1994.

During this timeframe, Trump reportedly saw $1.17 billion in losses. These losses, which stemmed from businesses like his hotels, casinos, and retail space in apartments, were so severe that he did not pay any income taxes for eight out of those ten years.

The Times wrote that within those years, Trump “appears to have lost more money than nearly any other individual American taxpayer.” Specifically, in 1990 and 1991, he saw losses totaling $250 million each year. According to the Times, this is more than double the losses of the nearest taxpayer.

Trump Responds

The Times spoke to one of Trump’s lawyers, Charles J. Harder, who called these numbers “demonstrably false.”

“I.R.S. transcripts, particularly before the days of electronic filing are notoriously inaccurate,” he added, speaking to the Times in their piece.

A former IRS employee who also spoke to the Times for the investigation countered this. He claimed that this data has gone through intensive quality control and is trusted by many sources.

On Wednesday morning, Trump took to Twitter to explain the losses by saying they were tied to write-offs used by real estate professionals in the 1980s and ’90s. He also called the report “highly inaccurate.”

Congress Fights For Trump’s Taxes

The Times’ report comes as the fight for Trump’s tax returns escalates. Debates over their release began sparking conversation when Trump chose not to disclose them when he became the Republican nominee. That decision broke a strong precedent set by nominees before him.

On Monday, Treasury Secretary Steve Mnuchin declined the House Ways and Means Committee’s request to see Trump’s tax information between the years of 2013 and 2019.

In a letter to Committee Chairman Richard Neal, he said that the request “lacks a legitimate legislative purpose, and pursuant to section 6103, the Department is therefore not authorized to disclose the requested returns and return information.”

Though many are debating Mnuchin’s right to decline this, as section 6103 of U.S. Internal Revenue Code implies that the Treasury Secretary has obligations to give the Committee tax returns when requested.

“Upon written request from the chairman of the Committee on Ways and Means of the House of Representatives, the chairman of the Committee on Finance of the Senate, or the chairman of the Joint Committee on Taxation, the Secretary shall furnish such committee with any return or return information specified in such request,” the section states.

Still, Mnuchin has fought back, saying you would need a legitimate policy reason, which he does not believe Congress has.

Chairman Neal has said that he will be meeting with the House Council to discuss the next steps. He has even suggested taking the matter right to federal court, as opposed to issuing a subpoena.

“There doesn’t have to be any intermediary step,” he told reporters on Tuesday. “They seem not to be paying a lot of attention to the subpoenas, so take it from there.”

He anticipates having a plan by the end of the week.

Vote in New York State Senate

The fight for Congress’ right to obtain the president’s tax returns is also ongoing in New York. On Wednesday, the New York State Senate passed a bill that would allow Congress to request Trump’s state tax returns in New York. It will advance to the State Assembly next week, which has a Democratic majority. It is also expected to pass there.

New York State Senator Brad Hoylman tweeted on Wednesday morning, saying that the state responsible for Trump’s taxes has to act because “Washington has failed.”

The bill was first introduced in April, and Governor Andrew Cuomo has indicated support for it.

As far as whether or not we will ever see Trump’s tax returns, there is still a lot of skepticism despite Democratic efforts. Trump has refused to release them at every turn, and regularly claims that he cannot because he is under audit.

On Sunday, acting White House Cheif of Staff Mick Mulvaney said that he doesn’t think a release will ever happen.

When asked by Fox News host Bill Hemmer if he believed that Democrats will never see the president’s tax returns, Mulvaney responded, “No, never.”

“Nor should they,” he added.

While the interview was conducted before the Times’ article, his statement suggests that Trump and his Administration are committed to keeping public eyes off those documents.

See what others are saying: (Politico) (The Hill) (Fox News)

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House Votes to Condemn Trump’s Tweets to Congresswomen

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  • The House voted 240 to 187 in favor of a resolution condemning Trump’s tweets that targeted several Democratic Congresswomen as racist.
  • Despite the fact that the resolution is only symbolic, many have said the move is significant because it is very uncommon for the House to rebuke a sitting president, with the last instance happening more than 100 years ago.
  • The debate on the resolution got heated after Nancy Pelosi was barred from speaking following a statement she made on the floor where she called Trump’s tweets racist.
  • Trump defended himself on Twitter arguing that he was not racist, and that the Congresswomen in question should be condemned, not him. Other Republicans also made the same argument during the floor debate.

House Votes to Condemn Trump

The House of Representatives approved a resolution Tuesday condemning a series of tweets by President Donald Trump as “racist comments directed at Members of Congress.”

On Sunday, President Trump said on Twitter that “‘Progressive’ Democrat Congresswomen” who came from other countries should “go back and help fix the totally broken and crime infested places from which they came.”

The president’s tweets sparked a significant amount of backlash, largely because they seemed to be about a group of freshman representatives who are known as “The Squad.” The group consists of Representatives Alexandria Ocasio-Cortez (D-NY), Ilhan Omar (D-MN) Rashida Tlaib (D-MI) and Ayanna Pressley (D-MA).

All of those representatives are women of color who were born in the U.S., with the exception of Omar, who was a Somali war refugee as a child and became a U.S. citizen as a teenager.

On Tuesday night, the House voted in favor of a resolution that “strongly condemns President Donald Trump’s racist comments that have legitimized and increased fear and hatred of new Americans and people of color by saying that our fellow Americans who are immigrants, and those who may look to the President like immigrants, should ‘go back’ to other countries.”

The resolution was passed 240 to 187, mostly along party lines. Four Republicans and Independent Rep. Justin Amash (I-MI), who recently left the Republican Party, voted in favor of it.

The measure is a non-binding resolution, which means that there is no policy action or law connected to it. Even though the resolution is entirely symbolic, it still is significant because condemning a sitting president is just something the House does not do.

According to the New York Times, it was “the first House rebuke of a president in more than 100 years.”

Drama on the Floor

Making the decision to condemn the president was nowhere near unanimous.

Many members felt strongly about their support or opposition of the resolution, and what resulted was an incredibly polarizing floor debate. One of the most contentious and unusual things that happened during the debate came after a statement from Speaker of the House Nancy Pelosi.

“These comments from the White House are disgraceful and disgusting, and those comments are racist,” Pelosi said, speaking from the floor. “There’s no excuse for any response to those words but a swift and strong, unified condemnation.”

“Every single member of this institution, Democratic and Republican, should join us in condemning the president’s racist tweets,” she continued. “To do anything less would be a shocking rejection of our values and a shameful abdication of our oath of office to protect the American people.” 

Immediately after that statement, Republican Rep. Doug Collins (R-GA) asked Pelosi if she wanted to “rephrase that comment.” Pelosi responded that she had cleared her remarks in advance.

Collins went on to ask that Pelosi’s statements be removed from the record because they violated a rule outlined in an 1801 text by Thomas Jefferson. That text, known as the Jefferson Manual, sets the rules and precedents for House procedures on the floor.

Under a long-standing precedent set by that text, Congress members can not make disparaging comments about the president. In other words, members of Congress cannot call the president– or even his words, racist while speaking on the floor.

After Collin’s motion, the members debated for a full hour if Pelosi’s words should be struck. That debate got so heated that Rep. Emanuel Cleaver (D-MO), who was presiding over the House, banged his gavel and walked out of the chamber in anger.

“We don’t ever, ever want to pass up, it seems, an opportunity to escalate, and that’s what this is,” he said. “We want to just fight. I abandon the chair.”

A little later, it was announced that the members decided that Pelosi’s comments were not in order, which meant she was banned from making comments for the rest of the day.

However, Democrats voted to overrule striking her remarks from the record, and Pelosi was allowed to speak again.

The whole ordeal took about two hours, but eventually the resolution was passed, and afterward, Pelosi defended her words.

“I stand by my statement,” Pelosi said, speaking to reporters in the Capitol. “I’m proud of the attention that’s being called to it because what the president said was completely inappropriate against our colleagues, but not just against them, against so many people in our country.”

Republicans Respond

President Trump took to Twitter to respond to the vote on Tuesday, and defended his previous remarks.

“Those Tweets were NOT Racist. I don’t have a Racist bone in my body!” Trump said on Twitter. “This should be a vote on the filthy language, statements and lies told by the Democrat Congresswomen, who I truly believe, based on their actions, hate our Country.”

After the vote, Trump took to Twitter again to praise House Republicans.

“So great to see how unified the Republican Party was on today’s vote concerning statements I made about four Democrat Congresswomen,” Trump said. “If you really want to see statements, look at the horrible things they said about our Country, Israel, and much more.”

Trump was not the only one who said that the House should condemn the things that the four Congresswomen have said in the past. A number of the Republicans who spoke on the floor Tuesday night made the same argument.

Other Republicans defended Trump’s tweets and said they are not racist, like House Minority Leader Kevin McCarthy and Republican Rep. Sean Duffy.

“In those tweets, I see nothing that references anybody’s race — not a thing — I don’t see anyone’s name being referenced in the tweets, but the president’s referring to people, congresswomen, who are anti-American,” Duffy said.

As for the Democrats, despite their divisions, they appeared to be unified in Tuesday’s vote. However, that unity could be short-lived. 

Right after the resolution was passed, Democratic Rep. Al Green (D-LA) reintroduced articles of impeachment against the president. 

“What do you do when the leader of the free world is a racist?” Green asked. “You file Articles of Impeachment, impeaching the president of the United States of America.”

If Green can force a debate, Democrats could see renewed divisions between the more liberal members of the party and the more moderate members who have consistently opposed impeachment.

See what others are saying: (The New York Times) (NPR) (NBC News)

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Protestors Call for Puerto Rico Governor’s Resignation

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  • Protestors in Puerto Rico have been demonstrating for the last three days calling for Governor Ricardo Rosselló to step down.
  • The demonstrations come after 900 pages of leaked private messages showed the governor and other officials using sexist and homophobic slurs against political opponents, women, and others.
  • Many of Rosselló’s political allies have withdrawn their support and two government officials involved in the chat resigned this weekend, but the governor has said he will not step down.
  • The chats were first leaked just one day after six government officials were arrested and charged with funneling $15.5 million worth of federal contracts to politically connected consultants. 

Protests

Thousands of people took to the streets of Puerto Rico on Monday in the third consecutive day of protests calling for Governor Ricardo Rosselló to resign.

The protests took a turn after demonstrators gathered near the governor’s mansion, and police fired tear gas and pepper spray into the crowd. The island’s police commissioner later told reporters that protesters had thrown rocks, bottles, and tear gas canisters at the officers.

Demonstrators are calling for Rosselló to step down after leaked messages from a group chat on Telegram showed the governor and 11 men in his inner circle repeatedly using sexist and homophobic slurs to insult political opponents, women, and others.

The excerpts from the messages were first leaked to the media by an anonymous source on Thursday. Then on Saturday, Puerto Rico’s Center for Investigative Journalism published nearly 900 pages of messages from that group chat.

In those chats, Rosselló himself reportedly used sexist slurs to describe the former New York City Council Speaker, Melissa Mark-Viverito, and used profanities when talking about the federal oversight group working Puerto Rico’s debt crisis.

Rosselló and others joked about shooting Carmen Yulín Cruz, the mayor of San Juan. They also made homophobic comments about Puerto Rican singer Ricky Martin, and talked about manipulating public opinion and discrediting journalists and other opponents of the governor.

All of the individuals involved in the scandal, which has been dubbed “Chatgate” and “Rickyleaks,” were either current or former administration officials.

Notably, that included Secretary of State Luis Rivera Marín, Interior Secretary Ricardo Llerandi, Public Affairs Secretary Anthony Maceira, and Cheif Financial Officer Christian Sobrino.

Response

In addition to the protests, Rosselló has also seen significant political backlash.

Many of the governor’s political allies have withdrawn their support for him. Puerto Rico’s Senate president and House majority leader said they lost faith in Rosselló. Both those leaders were mocked in the messages even though they are members of the same political party.

Representative Jenniffer González-Colón, Puerto Rico’s nonvoting member in the U.S. Congress, said that Rosselló should not run for re-election in 2020, and that he should “immediately reflect on his role as governor.”

Other political figures and members of the island’s House and Senate have also come out against the governor. Prominent Puerto Rican celebrities like Hamilton creator Lin-Manuel Miranda and singer Ricky Martin have also voiced support for the protests and condemned Rosselló.

Over the weekend, Secretary of State Marín Puerto and Cheif Financial Officer Sobrino resigned. Rosselló, however, is refusing to step down.

After the messages were leaked, Rosselló released a statement where he apologized for the comments, and said he had been under a lot of pressure and working long hours, adding that the messages were just him releasing tension.

He said he would fire the members of his administration who were in the chat, though he also said he would keep the Secretary of the Interior and the Secretary of Public Affairs- meaning the two highest-ranking officials in the chat that did not resign would still be in office.

Rosselló also said in the statement that he will announce a government reorganization and anti-corruption measures in the next few days.

This is a very painful situation for me, as governor, as a human being and as a Puerto Rican,” he added. “But I recognise there is no other way out and there is no worthwhile forgiveness on my part that does not include corrections and clear signs of intent to change.”

During a radio interview Monday, Rosselló insisted that it is in Puerto Rico’s best interest for him to stay in office. “I have to lift myself up. And I have to move forward to do what’s best for Puerto Rico,” he said.

The Tip of the Iceberg

Part of the reason these messages are such a big deal and have created such a big response is that for many Puerto Ricans, this is the result of a lot of built-up frustration with a governor who ran as an anti-corruption and pro-transparency candidate.

The first leak to the media came just one day after federal authorities revealed a massive corruption investigation into high levels of the island’s government when they arrested six people and filed criminal charges against them for illegally directing nearly $15.5 million in federal contracts to politically connected consultants.

Those arrested included Rosselló’s former education secretary and the former executive director of the Puerto Rico Health Insurance Administration. After that scandal, there were already calls for Rosselló to step down.

Both of these incidents only add to the frustrations over how Rosselló handled the aftermath of Hurricane Maria, which killed upwards of 4,645, according to a new Havard study.

Puerto Ricans are also upset about Rosselló’s controversial education policies, as well as the country’s nearly 12-year-long economic recession that many feel he has done little to fix.

On Monday afternoon, a lawmaker introduced legislation to bring impeachment charges against Rosselló.

However, leaders in Puerto Rico’s House and Senate, both of which are controlled by the governor’s party, said that they will give him more time to think about his future before starting impeachment proceedings.

See what others are saying: (NPR) (Al Jazeera) (The Los Angeles Times)

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Trump Defends “Go Home” Tweets Amid Backlash

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  • On Sunday President Donald Trump said in a tweet that “‘Progressive’ Democrat Congresswomen,” who are from other countries should “go back and help fix the totally broken and crime infested places from which they came.”
  • The tweets appeared to refer to Representatives Alexandria Ocasio-Cortez, Ilhan Omar, Rashida Tlaib, and Ayanna Pressley, who have recently been publicly sparring with Speaker of the House Nancy Pelosi. 
  • Both Democrats and Republicans responded, condemning Trump’s tweets, and noting that all of those women with the exception of Omar were born in the U.S.
  • The four Congresswomen and others responded, with many calling the tweets racist. Trump responded Monday morning, demanding that they apologize and saying that they were the ones who are racist.

Trump’s Tweets

After significant backlash, President Donald Trump defended controversial tweets he made Sunday calling for ‘Progressive’ Democrat Congresswomen” from other countries to “go back and help fix the totally broken and crime infested places from which they came.”

Though Trump did not name anyone specifically, he seemed to be referring to a group of four freshman Congresswomen known as “the Squad,” who have been publicly clashing with Nancy Pelosi over the last week.

That group includes Representatives Alexandria Ocasio-Cortez (D-NY), Ilhan Omar (D-MN) Rashida Tlaib (D-MI) and Ayanna Pressley (D-MA). 

All four representatives are women of color and all were born in the United States with the exception of Omar, who was born in Somalia, but fled the country during the civil war when she was a child and later became a U.S. citizen when she was a teenager.

While there have been clashes between Pelosi and some of these members in the past, tensions grew recently after the Squad voted against the $4.5 billion border aid bill because they were concerned the money would go towards Trump’s immigration crackdown, rather than bettering conditions in detention centers.

Those tensions boiled over last week after Pelosi told The New York Times that the Squad “didn’t have any following.”

That did not go over so well and after a closed-door meeting on Wednesday, Ocasio-Cortez told The Washington Post that Pelosi was explicitly “singling out of newly elected women of color.”

The Squad Responds

All four of the Congresswomen responded to Trump’s tweets on their own Twitter accounts shortly after.

“Mr. President, the country I ‘come from,’ & the country we all swear to, is the United States,” Ocasio-Cortez wrote. “But given how you’ve destroyed our border with inhumane camps, all at a benefit to you & the corps who profit off them, you are absolutely right about the corruption laid at your feet.”

“You are angry because you can’t conceive of an America that includes us. You rely on a frightened America for your plunder,” she continued. “On top of not accepting an America that elected us, you cannot accept that we don’t fear you, either.”

Omar responded on Twitter, going after Trump and accusing him of encouraging white nationalism.

“Mr. President, As Members of Congress, the only country we swear an oath to is the United States. Which is why we are fighting to protect it from the worst, most corrupt and inept president we have ever seen,” Omar said.

“You are stoking white nationalism bc you are angry that people like us are serving in Congress and fighting against your hate-filled agenda.” 

Pressley responded to Trump’s tweet, writing “THIS is what racism looks like.” 

“Want a response to a lawless & complete failure of a President?” Tlaib wrote on Twitter. “He is the crisis. His dangerous ideology is the crisis. He needs to be impeached.”

Tlaib also later tweeted out a video and wrote in the caption, “I will #neverbackdown and no bully, even this racist President, will wavier the work we have to do.”

Others Lawmakers Respond 

Numerous Democrats also responded, condemning the president’s tweets.

According to The Washington Post, by Sunday evening at least 90 House Democrats and Independent Rep. Justin Amash (I-MI), who just left the Republican party, had denounced the Presidents remarks. The Post also reported “more than half of them using the words ‘racist or ‘racism’ to describe his tweets.”

Notably, Nancy Pelosi responded to Trump in a tweet.

“When @realDonaldTrump tells four American Congresswomen to go back to their countries, he reaffirms his plan to ‘Make America Great Again’ has always been about making America white again,” she wrote. “I reject @realDonaldTrump’s xenophobic comments meant to divide our nation.”

Republicans Speak Out

A growing number of Republicans also criticized the president’s comments.

“POTUS was wrong to say any American citizen, whether in Congress or not, has any ‘home’ besides the U.S.,” Rep. Chip Roy (R-TX) said on Twitter.

Republican Rep. Pete Olson (R-TX) also posted on Twitter, saying that Trump’s tweets were not reflective of his constituents, and urged him to “immediately disavow his comments.”

A growing number Republican Senators also spoke out against the president’s tweets Monday. Sen. Tim Scott (R-SC) posted a statement on Twitter and said: “the President interjected with unacceptable personal attacks and racially offensive language.”

Republican Sen. Pat Toomey (R-PA) also reportedly told CNN, “President Trump was wrong to suggest that four left-wing congresswomen should go back to where they came from. Three of the four were born in America and the citizenship of all four is as valid as mine.”

Even Sen. Lindsey Graham, often a staunch supporter of Trump, advised the president to “Aim Higher,” but stopped short of outright condemning the president’s tweets.

“We all know that AOC and this crowd are a bunch of communists. They hate Israel, they hate our own country,” Graham said on Fox and Friends. “Aim Higher. They are American citizens. They won an election. Take on their policies. The bottom line here is this is a diverse country.” 

Trump’s New Tweets

On Monday, Trump responded to the backlash. 

“When will the Radical Left Congresswomen apologize to our Country, the people of Israel and even to the Office of the President, for the foul language they have used, and the terrible things they have said,” Trump wrote.

Also on Monday, Pelosi sent a letter to Democratic Congress members urging them to support a resolution that would condemn Trump’s tweets.

“This morning, the President doubled down on his attacks on our four colleagues suggesting they apologize to him,” Pelosi wrote. “Let me be clear, our Caucus will continue to forcefully respond to these disgusting attacks.” 

“The House cannot allow the President’s characterization of immigrants to our country to stand. Our Republican colleagues must join us in condemning the President’s xenophobic tweets,” she continued. 

Ocasio-Cortez, Pressley, Tlaib, and Omar are expected to hold a press conference at 5:00 p.m. EST. 

See what others are saying: (The New York Times) (The Guardian) (Fox News)

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