Quantcast
Connect with us

If Congress subpoenas Trump’s taxes — Mnuchin says he’ll ‘follow the law’

Published

on

Multi-millionaire Steve Mnuchin whined in a hearing Thursday that he didn’t benefit from President Donald Trump’s tax cut to the top wage earners.

“I can tell you I did not personally benefit,” the Treasury Secretary said to members of the House Ways and Means committee, Politico reported.

He said that he paid taxes in New York and California and his tax rate went up because he doesn’t have the state and local tax deduction (SALT). The tax allows those in high-tax states to deduct their local taxes on their federal returns. So, states like New York and California often have high property taxes. Those taxes have now been capped by $10,000.

ADVERTISEMENT

He admitted he wasn’t sure if his federal tax rate declined after the bill was passed.

The secretary also said that he purchased a Tesla, which would give him a $7,500 tax deduction for the green vehicle.

“I didn’t need the $7,500 tax credit,” he said. Though it’s unclear if that would have changed his tax situation or not.

Mnuchin has come under fire since joining Trump’s cabinet because he uses private government jets to shuttle him around the world. The travel cost American taxpayers over $1 million.

When he was asked about the president’s taxes, he said he wasn’t sure, because he’s unfamiliar with Trump’s tax situation. He said that if he receives a request from Congress for Trump’s taxes he will “follow the law.”

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

2020 Election

‘Donald Trump is going to get indicted’ when New York gets his tax returns: David Cay Johnston

Published

on

On Saturday's edition of MSNBC's "AM Joy," Pulitzer Prize-winning Trump biographer David Cay Johnston predicted that the Supreme Court's decision on President Donald Trump's tax returns will lead to an indictment from New York prosecutors.

"What do you think might be out there?" asked host Joy Reid.

"Well, Donald Trump has already had two income tax fraud trials by the state of New York and the city of New York," said Johnston. "They were civil fraud, not criminal fraud. The New York Times in October of 2018, in this brilliant project on Trump's taxes based on records we know came from his niece — without question, he and his siblings are major-league tax cheats."

Continue Reading

2020 Election

More than 20 million people face eviction by the end of September as GOP threatens to cut aid: study

Published

on

One in five Americans who live in rentals could face eviction by the end of September as Congressional Republicans move to cut off unemployment assistance and other coronavirus relief, according to an analysis by the Aspen Institute.

This article first appeared in Salon.

Continue Reading
 

Breaking Banner

Tucker Carlson’s ex-lead writer has a history of racist, homophobic and misogynistic social media posts

Published

on

Blake Neff, the lead writer of The Tucker Carlson Show on FOX News, resigned on Friday after CNN uncovered a trove of disgustingly racist, homophobic and misogynist social media posts that Blake published under the handle “CharlesXII” on AutoAdmit (aka. XOXOhth), a largely unmoderated message board used by lawyers and law school students.

Among Neff’s most telling posts are a reference to “foodie faggots,” a comment stating, “Black doods staying inside playing Call of Duty is probably one of the biggest factors keeping crime down,” and another comment stating that Democratic U.S. House Representatives Alexandria Ocasio-Cortez, Ilhan Omar, Ayanna Pressley, and Rashida Tlaib, all women of color, want to “MAKE YOUR COUNTRY A DUMPING GROUND FOR PEOPLE FROM THIRD WORLD SHITHOLES.”

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image