Originally published at: TRUMP RESPONDS: The President Slams New York Times for ‘Fake News Hit Job’ on Tax Returns | Sean Hannity
President Trump slammed the New York Times Wednesday morning after the national newspaper released ten years of his business tax returns; calling the move an “inaccurate Fake News hit job.”
“Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases. Much was non monetary. Sometimes considered ‘tax shelter,’ …You would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!” tweeted the Commander-in-Chief.
….you would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!
— Donald J. Trump (@realDonaldTrump) May 8, 2019
Congressional Democrats have routinely demanded the President’s recent tax returns; pledging to obtain the material after taking control of the House of Representatives in the 2018 midterm elections.
