Trump news today: Trump tax returns reveal web of losses, write-offs, ‘disguised gifts’ and little charity

What we know about Donald Trump’s tax returns

Donald Trump’s tax returns have been released, putting the former president’s financial and business practices in the spotlight as he also faces calls for criminal charges related to the Jan. 6 Capitol riots.

The partially redacted returns from 2015 to 2020 are nearly 6,000 pages of what the preliminary investigation appears to show were legal but creative accounting strategies to keep his federal tax payments as low as possible.

The committee’s accompanying report points to what it says is a pattern of questionable claims for professional expenses, charitable deductions, what may be “hidden gifts” to his grown children and the fraudulent use of real estate write-offs in New York.

Mr. Trump was also found to have foreign bank accounts in China, the United Kingdom, Ireland and St. Maarten, and paid more taxes abroad than in the United States during his first year in office.

The former president has reacted angrily to the release of the returns, warning that such a precedent would lead to “terrible things for so many people” and cause divisions in the US to “grow even more”.

Stay tuned for our updates on what we know so far


Democrats push for SANTOS Act: ‘Stop another bogus office seeker’

New York Congressman Richie Torres announced a bill that would require congressional candidates to disclose their employment, education and military history to ensure they can’t lie about their credentials on the campaign trail, and he has named the bill after the scandal-plagued Republican congressman. – George Santos elected.

Representative Torres, a Democrat, announced the legislation in a tweet Thursday.

Graig Graziosi has the information.

Oliver O’ConnellDecember 31, 2022, at 1:30 p.m


Everything we know so far about Trump’s tax returns

IndependentEric Garcia compiles an up-to-date list of everything we’re uncovering from the six years of federal tax returns released Friday.

Oliver O’ConnellDecember 31, 2022 at 12:30 p.m


Did Trump break the law by paying so little tax?

The complexity of the former property tycoon’s business empire means it will take time to sift through the nearly 6,000 pages of figures, but it’s immediately clear that he actively pursued legal but creative accounting strategies to ensure his federal tax payments were kept as low as possible. .

Oliver O’ConnellDecember 31, 2022, at 10:30 a.m


Debate clip resurfaces where Trump says he paid ‘millions’ in federal income taxes … he hasn’t

Oliver O’ConnellDecember 31, 2022, at 8:30 a.m


ICYMI: Trump’s tax returns released after years of court battle

A Democratic-controlled House committee has released six years of President Donald Trump’s tax returns, an extraordinary move days before Republicans take control of the chamber.

The House Ways and Means Committee released redacted versions of Mr. Trump’s business and personal tax returns for 2015, when he announced his candidacy for the presidency in 2016, through 2020, his last full term in office.

Andrew Feinberg reports from Washington, DC.

Oliver O’ConnellDecember 31, 2022, at 6:30 a.m


Kayleigh McEnany “a liar and an opportunist,” says Alyssa Farah

The House Select Committee that investigated the Capitol riots has made available a large amount of transcripts of the depositions, including statements by Mrs. Farrah Griffin.

Graig Graziosi has a story.

Oliver O’ConnellDecember 31, 2022 at 4:30 AM


Ginny Thomas admits she was unaware of evidence of voter fraud

In an interview with the House committee investigating the attack on the US Capitol, the transcript of which was released Friday, Ms. Thomas said she was “not very deep” in her knowledge of specific allegations of voter fraud when she was lobbying. effort, but instead “backed what I believed from people I trusted and news I trusted.”

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Richard Hall reports on her testimony.

Oliver O’ConnellDecember 31, 2022, at 3:30 am


Trump aide reveals how long it took to get back to call robbers shot

It took five hours for a White House aide to convince then-President Donald Trump to retract his infamous tweet calling for the shooting of rioters during racial justice protests, according to dramatic transcripts of the Jan. 6 interview.

Rachel Sharpe has a story.

Oliver O’ConnellDecember 31, 2022 at 2:30 AM


Trump made millions from his father’s inheritance while his own fortunes collapsed

Donald Trump’s business empire relies heavily on public image and public whims, and the costs of bucking those trends have been evident in the second year of his presidency, writes John Bowden.

Oliver O’ConnellDecember 31, 2022 at 1:30 am


Ginny Thomas says she regrets post-election texts to Meadows

Virginia Thomas, wife of U.S. Supreme Court Justice Clarence Thomas, says she regrets sending text messages to then-White House chief of staff Mark Meadows after the 2020 election, telling a House committee Jan. 6 that “I would take them all back if could today.”

Oliver O’ConnellDecember 31, 2022, at 01:00


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