With Sunday’s New York Times bombshell story concerning President Trump’s income tax return history, New Jersey Congressman Bill Pascrell was quick to react. The 9th District Democratic Congressman, who represents a portion of Hudson County, has been leading the charge to get Trump’s taxes released for the past three-and-a-half years. He issued a statement calling the President’s tax payment record “stunning revelations of fraud and criminality.”
Pascrell, Chairman of the House Ways and Means Subcommittee on Oversight, stated, “As the leader of Congress’s fight to obtain Donald Trump tax returns, this blockbuster report confirms some of our worst fears. Donald Trump has spent his entire life abusing the tax system to lie, cheat, and steal on a scale that is almost unimaginable. The partial findings reveal absolutely staggering theft by Trump before and while he has been in office. To cover his losses, Trump has looted the government and made himself vulnerable to heaven knows what foreign manipulation and blackmail. And Trump’s titanic financial losses confirm that while he campaigned as a so-called brilliant financial wizard, Trump is a cheat, a fraud, and perhaps the worst businessman in the world.”
Pascrell continued, “This report should stun to the core our nation at Trump’s unfitness and criminality. I will continue to sift through the findings, but Trump must release his tax returns as is longstanding practice and is required by law to Congress instead of grandstanding and attacking the media. Trump is the most corrupt President in our history. I will not let up on my quest to prove our case and continue to support our efforts at transparency. This is not political. No citizen is above the law.”
Among the unbelievable findings outlined in the New York Times article: Donald Trump paid no federal income taxes in 10 of 15 years beginning in 2000 because he reported significant losses, totally more than he earned. The story goes on to say he paid $750 in federal income taxes in both 2016 and 2017 when he was a presidential candidate and during his first year in the White House.
Trump calls the article, “fake news.”
The President says the Internal Revenue Service “does not treat him well.” He says his taxes are under federal audit. He says, “I pay a lot, and I pay a lot in state income taxes.” More stories on the President’s taxes are expected to be published by the New York Times in the coming weeks.
It goes without saying, Tuesday night’s first Presidential debate from Cleveland, Ohio will be must see TV.
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