Clinton, Trump camps offer different takes on report about Trump taxes
Supporters and opponents of Donald Trump are offering different views of a report that Trump might have used tax laws to avoid paying federal income taxes for years.
Trump’s supporters have taken to the Sunday talk shows to say that if he did use the laws to his advantage, he was wise to do so. Democrats say the report pokes holes in Trump’s claim to be a champion for working, tax-paying Americans.
The New York Times is reporting that Trump declared a $916 million loss in federal income in 1995, based on his state income tax filings that year in New York, New Jersey and Connecticut. A loss that large could have allowed him to avoid paying federal income taxes for up to 18 years. The report doesn’t say whether or not he did pay taxes.
Trump adviser Rudy Giuliani said on NBC’s "Meet the Press" that if Trump didn’t use his business losses to his advantage on his taxes, he would have been sued by any business partners and shareholders.
On the same program, Clinton’s campaign manager said the report should resonate with many people who feel the U.S. tax system is unfair. Robby Mook said Trump embodies "the rigged system."