Quantcast
Connect with us

Trump busted by CNN analyst for ‘laughable’ claim that his financial disclosures contain more details than his tax returns

Published

on

President Donald Trump. (AFP / Nicholas Kamm)

On Thursday, President Donald Trump’s annual financial disclosure was released and showed what most people knew all along– he’s rich.

However, CNN Editor-at-large Chris Cillizza fact-checked Trump for claiming that his financial disclosure is better than the release of his tax returns.

House Democrats have been fighting to get Trump’s tax returns released, and he is the first president since Watergate to refuse to voluntarily release them.

ADVERTISEMENT

“What this financial disclosure doesn’t show us — in any sort of detail — is a) how much, specifically, Trump made (and from where) and b) how much his businesses owe — and to whom,” Cillizza explained.

Adding, “The range on the financial disclosure report makes that sort of specificity laughable. Trump is only required to report income in broad categories like $1 million to $5 million or over $5 million. That broadness makes any sort of attempted forensic analysis pointless.”

Trump said after the 2018 midterm election that “you get far more” from seeing his financial disclosure and that they are more sufficient than his tax returns.

“People don’t understand tax returns. Now, I did do a (financial disclosure) filing of over a hundred pages, I believe, which is in the offices. And when people went and saw that filing and they saw the magnitude of it, they were very disappointed. And they saw the — you know, the detail. You get far more from that. And I guess we filed that, now, three times. But you get far more from that than you could ever get from a tax return,” Trump said.

Cillizza went on to explain Trump’s unprecedented actions.

ADVERTISEMENT

“Most presidents prior to Trump have not had the sort of massive global company that he sat atop prior to being elected. Past presidents also revealed at least some of their past tax returns. And generally speaking, they put their businesses in a blind trust — meaning that their investments, gains, and losses were managed by a neutral third party — with zero input of influence from the president,” he said.

Adding, “The reality that the release of his annual financial disclosure report drives home is that Trump is simultaneously a) the modern president with the most fingers in a variety of business pots and income streams and b) the least transparent modern president about his financial holdings and his relationship while in office to them.”

Read the full report here.

ADVERTISEMENT


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

Breaking Banner

‘Fraud’ Lindsey Graham blasted after claim Dems are the hypocrites on the courts — not him: ‘Everything you say is a lie’

Published

on

Sen. Lindsey Graham (R-SC) was blasted after claiming that Democrats were the real hypocrites for "starting" the battle for the courts buy eliminating the filibuster on judges after Sen. Mitch McConnell (R-KY) held up dozens of judicial appointments. It was the worst ever seen in 60 years.

"Being lectured by Democrats about how to handle judicial nominations is like an arsonist advising the Fire Department," Graham tweeted Sunday. "Democrats chose to set in motion rules changes to stack the court at the Circuit level and they chose to try to destroy Brett Kavanaugh’s life to keep the Supreme Court seat open. You reap what you sow."

Continue Reading

Breaking Banner

Someone created a tile mosaic panel to rename the 50th Street Subway station in NYC after Ruth Bader Ginsburg

Published

on

There continue to be amazing acts of love and honor of Justice Ruth Bader Ginsburg across the world and another one has popped up in New York City.

ABC7 discovered that someone created a tile mosaic at the 50th Street subway station so it says RUth Street instead.

https://twitter.com/ABC7NY/status/1307715043220430853

Flowers, cards, chalk messages signs and more continue to be left at the Supreme Court for a massive memorial that has started curving around the building. After the first night where mourners sat on the steps and sang, security blocked off the steps and the memorial began to grow with hundreds of things being left.

Continue Reading
 

Breaking Banner

Canadian woman behind the poison sent to Trump

Published

on

A letter was intercepted containing the poison ricin when it was on the way to President Donald Trump. Now some facts about the person who sent it are being known.

CNN.com reported Sunday that it was a woman from Canada who was also trying to cross into New York state from Canada, law enforcement explained.

She was also carrying a gun and was arrested by law enforcement. She's expected to face charges in Washington, DC, the report said.

Trump's approval globally has dropped significantly over his term in office, and he's taken the opinion of the U.S. along with him.

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