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MSNBC’s Rachel Maddow details the crimes laid out in Trump tax fraud exposé : ‘Nice work if you can get it’

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MSNBC’s Rachel Maddow on Tuesday laid out all the allegations laid out in a bombshell New York Times report about the tax fraud undertaken by President Donald Trump’s father Fred — and how huge the grift really was.

The host noted that one of the largest revelations from the Times report was the previously-unknown existence of All County Building Supply & Maintenance, a shell company the patriarch used to markup appliances used in his buildings and reap the benefits so he could give large, tax-exempt monetary gifts to his kids.

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“The Times calls this scheme around this company the most overt in Trump’s company,” Maddow said, later noting that the appliance markups were a fairly simple example of “tax evasion.”

“When you move money from one party to another under a cover story that makes it look sort of like a real business transaction, but it’s not at all,” she continued. “It’s a business transaction that makes no financial sense. It’s a business transaction that only exists to disguise that flow of money from one party to the other and to avoid taxes on that flow of money.”

The Times reported that Fred Trump created a total of 295 revenue streams to enrich his children that were initially divvied up evenly among his four progeny.

“But over time, as Donald Trump careened from one financial disaster to the next, his father found ways to give him substantially more money, records show,” the report noted.

“President Trump has frequently bragged that he only ever got a $1 million loan from his dad,” Maddow said. “He always says his dad didn’t run a very successful business. Oh, and by the way, that little measly $1 million he got, he had to pay it back with interest.”

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With the revelations from this report, however, “it looks like Trump received more than $400 million [in today’s dollars] over decades out of his dad and his dad’s business, and that that actually is kind of the extent of his business success.”

“It’s nice work if you can get it,” the host said, “as long as it’s not illegal and provided that you haven’t built your whole adult life around a completely false opposite story that ultimately led to a political career.”

Watch below:

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Donald Trump sounds like a complete lunatic because he’s isolated himself in a far-right media bubble

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Welcome to another edition of What Fresh Hell?, Raw Story’s roundup of news items that might have become controversies under another regime, but got buried – or were at least under-appreciated – due to the daily firehose of political pratfalls, unhinged tweet storms and other sundry embarrassments coming out of the current White House.

If you have an older relative who spends way too much time stewing in the conservative media, you may have experienced a moment when you not only disagreed with him, but you realized that you had no earthly clue what he was going on about. Perhaps it was when he started talking about the UN plot to eliminate golf courses and replace paved roads with bicycle paths. Maybe he stopped you in your tracks with a discourse on why flies were attracted to Barack Obama, or complained about the government insisting on referring to Christians as "Easter-worshippers" or expressed outrage over 9/11 hijackers being given leniency by Muslim jurists.

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Trump’s claim impeachment ‘nullifies’ 2016 election blown up in new House Judiciary Committee report

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On Saturday, the House Judiciary Committee released their report outlining the offenses committed by President Donald Trump, and the legal framework for impeachment — which clears the way for Congress to write and approve articles of impeachment against him.

One of the key issues examined by the report is the claim, repeatedly made by the president and his supporters, that impeachment would "nullify" the 2016 presidential election and the popular will — which is already a weak claim given that Trump never won the popular vote, and that impeaching Trump would still install Mike Pence as president. But the report more broadly rejects the entire claim that an election result immunizes a president from punishment for official misconduct.

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READ IT: House Judiciary Committee releases report defining Trump impeachable offenses

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On Saturday, the House Judiciary Committee released a report outlining the impeachable acts committed by President Donald Trump.

"Our President holds the ultimate public trust," said the report, titled "Constitutional Grounds for Presidential Impeachment," in its introduction. "A President faithful only to himself—who will sell out democracy and national security for his own personal advantage—is a danger to every American. Indeed, he threatens America itself."

The report clarifies the procedures for impeachment, analyzes whether president can be "impeached for abuse of executive powers," and "whether it is preferable to await the next election when a President has sought to corrupt that very same election."

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