United States House Speaker Nancy Pelosi says a bombshell report about President Donald Trump's tax returns poses a 'national security question'.
a bombshell report about President Donald Trump's tax returnsMr Trump owes hundreds of millions in debts amid chronic business losses that he uses to avoid paying taxes, the New York Times reported on Sunday, citing tax data it had obtained going back two decades.
It also showed Mr Trump paid only $750 USD in federal income tax in both 2016 and 2017, and in several other years, nothing.“This president appears to have over $400 million in debt. To whom? Different countries? What is the leverage they have? So for me, this is a national security question,” she told MSNBC.
“This president is commander in chief. He has exposure to the tune of hundreds of millions of dollars, to whom?Mr Trump on Sunday, without proof, rubbished the claims and told reporters at the White House it was “fake news”.denouncing the Times report, and boasted he had “extraordinary assets” and a “very IMPRESSIVE” financial statement.
"I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits," he tweeted.The reports about Mr Trump’s tax returns has also seen an old tweet of his resurface in which he criticises his predecessor Barack Obama for his 20.5 per cent tax rate. “@BarackObama who wants to raise all our taxes, only pays 20.5% on $790k salary. Do as I say not as I do,” Mr Trump wrote in 2012, which is one of the years the Times report says he paid no tax.
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