(Image credit: Capitol Hill Outsider)
Kelleigh Nelson has an excellent summary of Trump’s tax situation and the hypocrisy on the subject from the New York Times — and her high school classmate Hillary Rodham Clinton.
I highly recommend her article for Capitol Hill Outsider: ‘Crony Journalism, Crony Justice’. Excerpts follow (emphases mine):
On Saturday evening, 1 Oct. 16, the New York Times, which recently endorsed Hillary Clinton for president, illegally published three pages of Trump’s 1995 income tax documents. To run for President of the United States, revealing your tax returns is unnecessary. The Times’ story is that Trump “declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years.” It is illegal for the IRS to share that information with anybody. It is illegal for the Times to publish it, yet no one is talking about that.
The New York Times and Hillary Clinton have both used the same provision. Losses in one year carry over and count against whatever gains or income you show in succeeding years. Hillary claimed a $700,000 loss on her taxes in 2015. She is also saying that Trump would get $4 billion by eliminating the estate tax and American citizens get nothing. What Hillary is not telling her supporters is that she’s using the exact same tax provisions on her own taxes. Twisted lies, that’s the mantra with Hillary Clinton.
The scandal here has nothing to do with Trump’s tax records.
Donald Trump has followed the law.
The real scandal involves the Clintons and their Foundation:
The reality of this entire scenario is that the lawlessness of the Clintons is everywhere in every event, every day in our country. The real criminal activity is the Clintons’ illegal pay and play for their foundation. This includes their illegal acceptance of payoffs and front monies in advance of Hillary being elected president, while she was secretary of state. And that activity is being fully ignored by the MSM, which is not at all surprising.
Nelson explains Trump’s tax situation in the 1990s during the real estate slump.
She also summarises the New York Times‘s praise of Trump in 1995 as ‘The Comeback King’.
There is nothing here but wise business practices by the Trump Organization. Unfortunately, we’ll never see an expose of the Clinton Foundation, Hillary’s email servers, Hillary’s destruction of 13 cell phones and 5 IPADS, or any of the other numerous documented corrupt policies and actions of Bill and Hillary Clinton in the NYTs or any other main stream media.
Yet, when Mr. Trump follows the laws of the land for the Trump Organization, the media vilifies him. The enemies of freedom are using the old mantra of class envy to try to destroy Donald Trump.
It is hard to disagree with that.
More on Hillary next week.