Trump tax returns
“Even if the world goes to hell in a handbasket, I won’t lose a penny,” he boasted the year his losses had mounted to $90.3 million.
The irony of how Trump was saved from financial collapse was also noted.
The nation needs this montage of presidential dumbness after Sarah Huckabee Sanders' claim that Congress is not "smart enough" to understand Trump's taxes.
The administration already seems to be flouting the law. This sucker will probably go to court.
WHAT'S HAPPENING
In a letter, the president's lawyers argued that the release of his returns, as House Democrats have requested, wouldn't be "consistent" with the law.
“I think you should release your tax returns if you’re running for president in 2020,” the South Carolina Republican said. “I think everybody should.”
But Sen. John Kennedy said Trump's excuse that he is under audit is "legitimate." The IRS says “nothing prevents individuals from sharing their own tax information.”
Top House Republicans decry an oversight tactic that they used in the Obama years.
They claim they're being "reasonable" and governing more responsibly than Trump himself.
President Trump "promises" to use tax simplification to reduce everyone’s taxes.