Belfast Telegraph

UK Website Of The Year

Home News World

I used tax laws brilliantly, says Trump as Clinton slams 'bungling businessman'

Published 04/10/2016

Donald Trump was unrepentant over his tax affairs (AP)
Donald Trump was unrepentant over his tax affairs (AP)

Hillary Clinton attacked Donald Trump's tax manoeuvring, business skills and trustworthiness as she sought to capitalise on news that the New York property tycoon may have paid no federal taxes for years.

Unfazed, the Republican White House nominee boasted of using US tax laws "brilliantly" and cast himself as a savvy business survivor poised to save a reeling nation.

Campaigning at a Toledo railway station, Democrat Mrs Clinton castigated Mr Trump as a cold-hearted and bungling businessman who "represents the same rigged system that he claims he's going to change".

She called for a new law requiring presidential candidates from major parties to release their tax returns, as Mr Trump has refused to do, and she accused him of shirking his responsibility as a taxpayer.

"He's taken corporate excess and made a business model out of it," she said. "It's Trump first and everyone else last."

Mrs Clinton's broadside was her first response to a report in the New York Times at the weekend that Mr Trump claimed a loss of nearly 916 million US dollars in a single year in his personal tax filings.

The Times said the size of the loss could have allowed him to avoid federal taxes for nearly two decades, an assertion his campaign neither confirmed nor disputed, and neither did Mr Trump.

Instead, at a Colorado rally, he portrayed himself as a man who bounced back from financial losses, will recover from a currently difficult stretch of the campaign and propel the nation to a similar turnaround.

"On November 8, America's comeback begins," he told cheering supporters in Pueblo.

As for questions about his tax history, Mr Trump said he had "brilliantly used those laws ... legally used the tax laws to my benefit and to the benefit of my company, my investors and my employees".

"The unfairness of the tax laws is unbelievable. It's something I've been talking about for a long time, despite, frankly, being a big beneficiary of the laws," he told the crowd in Pueblo. "But I'm working for you now. I'm not working for Trump."

He acknowledged business failures as well as successes but declared: "I'm still here."

He said "our country is in need of a major comeback", just like the one he was able to pull off after near-financial collapse in the 1990s - and the one, he implied, he would make after his recent drop in the polls following a difficult campaign week.

At another rally hours later in Loveland, Colorado, he returned to the argument, racing through his tax explanation as if it was already part of his usual rally rhetoric and drawing cheers from the packed arena crowd. But moments earlier, he complained about the nation's crumbling infrastructure, repairs to which could potentially be funded by taxes Mr Trump may not have paid.

Several Trump surrogates also rallied to note that the Times report did not allege wrongdoing and they contended that the Republican presidential candidate was a "genius" for using the tax system to rebuild his fortune.

At the same time, the Clinton campaign seized on the comment with a new TV ad, asking "If not paying taxes makes him smart, what does that make the rest of us?"

In her remarks in Ohio, Mrs Clinton mocked: "What kind of genius loses a billion dollars in a single year?"

Other Trump troubles mounted.

Former cast and crew members from the reality TV show The Apprentice described for the first time his treatment of women on the set. Show insiders told the Associated Press that Trump rated female contestants by the size of their breasts and talked about which ones he would like to have sex with.

The campaign issued a broad denial, calling the claims "totally false".

Also on Monday, the New York attorney general's office ordered the Trump Foundation to immediately stop fundraising in the state, saying it is not registered to do so.

The back-to-back bad news piled on a week of Trump missteps and his increasingly aggressive personal attacks on Mrs Clinton. Since a rocky debate last week, Mr Trump has engaged in a distracting feud with a former beauty queen he called "Miss Piggy" because she gained weight during her reign. He seemed to try to shift the conversation on Saturday night when he suggested, without evidence, that Mrs Clinton may have cheated on her husband.

Mr Trump's campaign is searching for a way to rattle Mrs Clinton - while also getting control of its own message. The new revelations only make that harder. While the incomplete tax records published by the Times show no irregularities, the size of Mr Trump's loss cuts at a core tenet of his presidential bid - his remarkable business success. Meanwhile, his boorish comments are threatening to turn away female voters.

Mr Trump was more disciplined on Monday both in Pueblo and at a forum in Virginia hosted by the Retired American Warriors PAC.

Seizing an opportunity he missed on the debate stage last week, he went after Mrs Clinton's commitment to fighting cybersecurity threats and pointed to her use of a private, email server while she was secretary of state.

He said Mrs Clinton's handling of classified emails on the server makes her "totally unfit" for the Oval Office.

But Mr Trump's taxes dominated the conversation.

In a story published over the weekend, the Times said it received the first pages of Mr Trump's 1995 state income tax filings in New York, New Jersey and Connecticut from an anonymous person. The filings showed a net loss of 915,729,293 US dollars in federal taxable income for the year - losses of a magnitude that they might have allowed Mr Trump to avoid paying taxes for years.

His campaign said he had paid "hundreds of millions" of dollars in other kinds of taxes over the years.


Read More

From Belfast Telegraph