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

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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.

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“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.

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“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.

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Rudy Giuliani eager to testify against John Bolton: ‘If he shows his face I would say — You’re an atomic bomb’

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Rudy Giuliani denied claims by former national security adviser John Bolton, and kept the door open to his own possible impeachment testimony.

The former New York City mayor said he was still President Donald Trump's personal attorney, but explained why he had not been added to his impeachment trial defense team, reported CBS News.

"Well, I am, but I can't participate in what goes on in the Congress, because I'm a possible witness," Giuliani said, adding that he's ready to testify if he got White House approval.

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Trump flings insults at John Bolton as Senate weighs subpoena: ‘If I listened to him we would be in World War Six’

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President Donald Trump hurled insults at his former national security adviser John Bolton -- who could be called to testify against him in the Senate impeachment trial.

Bolton revealed in his forthcoming book that Trump explicitly tied Ukraine aid to an investigation of Joe Biden, and Democratic senators -- and possibly some Republicans -- want to subpoena him to testify in the trial.

"For a guy who couldn’t get approved for the Ambassador to the U.N. years ago, couldn’t get approved for anything since, 'begged' me for a non Senate approved job, which I gave him despite many saying 'Don’t do it, sir,' takes the job, mistakenly says 'Libyan Model' on T.V.," Trump tweeted, "and many more mistakes of judgement, gets fired because frankly, if I listened to him, we would be in World War Six by now, and goes out and IMMEDIATELY writes a nasty & untrue book. All Classified National Security. Who would do this?"

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2020 Election

Democrats already prepping for possible Trump transition sabotage — assuming he accepts election loss

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Democrats are preparing for the possibility that President Donald Trump and his staff will sabotage their transition if he loses the 2020 election.

At least one outside group -- National Security Action -- has started making preparations for the Democratic campaigns in the event their candidate wins, and Elizabeth Warren has just released a plan that describes how she would quickly staff the government to smooth the transition if she won the White House, reported Politico.

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