How do you know the Robert Mueller probe of Russian collusion has fizzled out? The New York Times ran an in-depth investigation Tuesday of President Donald Trump’s taxes.
The 15,000 word piece claims Trump employed dubious tax schemes, including instances of “outright fraud,” on the fortune left to him by his father — the timing of the piece being curious, given the current state of Brett Kavanaugh’s nomination to the Supreme Court nomination.
For the Resistance, it’s all about taking the president out anyway they can, but as to whether there’s a “there” there, Fox News’ Neil Cavuto doesn’t see it.
“We are looking into this New York Times report that is out accusing the president of engaging in a little bit of a creative tax scheme — that were apparently passed on by the IRS without much of a dust off, but they are going back very many decades,” Cavuto said in a teaser.
“I’ve had a chance to read the entire article, and I don’t know outside with the fact that the president benefited from having a rich father and good marketing skills,” he added.
Of course, at the anti-Trump network MSNBC, there was a very different take, as seen with Rachel Maddow proceeded to make Trump’s accounting practices rival that of Al Capone’s accountant.
Maddow, who had the exclusive copy of Trump’s 2005 tax return that showed he –egad! — paid $38 Million in taxes on a $150 million income, went into detail on the alleged criminally fraudulent filings.
“In the late 1990s, about a year and a half before president Trump’s father passed away, Donald Trump and his siblings restructured his father’s huge very profitable business empire and his considerable assets,” she said.
“They restructured those assets and his business holdings so that the four siblings could inherit well over a billion dollars from their father while dodging taxes that would have otherwise amounted to somewhere in the neighborhood of $500 million.”
She goes on to say that Trump’s father set up a shell company that was part of an elaborate plan to evade taxes.
Predictably, the state of New York, under Democratic Gov. Andrew “America Was Never That Great” Cuomo, is now “vigorously pursuing all appropriate avenues of investigation” into Trump’s tax practices, NBC News reported.
Trump attorney Charles Harder said in a statement said “The Times’ allegations of fraud and tax evasion are 100% false, and highly defamatory.”
“There was no fraud or tax evasion by anyone,” Harder said, adding “the facts upon which the Times bases its false allegations are extremely inaccurate.”
Naturally, Democrats are all over the story:
$400 million in tax fraud is the equivalent of the average American not paying taxes for 38,000 years. https://t.co/TPQlgkSUlW
— Senator Mazie Hirono (@maziehirono) October 3, 2018
President Trump is the only modern presidential candidate to refuse to release their tax returns, reneging on a promise to do so. The revelations in the New York Times only heighten the need for the public to see his tax returns and understand his family’s financial dealings. https://t.co/Oan95VWGpS
— Adam Schiff (@RepAdamSchiff) October 2, 2018
Impeach. https://t.co/u4GjfDkjFU
— Stephen King (@StephenKing) October 2, 2018
The White House was nonplussed, with press secretary Sarah Sanders saying The Times owes Trump an apology because “many decades ago the IRS reviewed and signed off on these transactions.”
WH calls @nytimes report alleging Trump tax schemes a "misleading attack." In a written statement, @PressSec says "many decades ago the IRS reviewed and signed off on these transactions." She suggests an apology "is in order" from the Times.
— Mark Knoller (@markknoller) October 3, 2018
One thing is certain, the newspaper is proud of its effort:
https://twitter.com/samdolnick/status/1047206134380158976
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The longest-tenured writer at BizPac Review, Tom grew up in Maryland before moving to Central Florida as a young teen. It is in the Sunshine State that he honed both his passion for politics and his writing skills.
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