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David Cay Johnston, DCReport

Stories By David Cay Johnston, DCReport

The 3 crucial words missing in Trump ballot case
Opinion

The 3 crucial words missing in Trump ballot case

The Colorado Supreme Court decision Tuesday, barring Donald Trump from the 2024 Republican primary race, ignored the three most relevant words in the 14th Amendment. That almost certainly will greatly benefit Trump in his effort to regain the White House despite his failed coup in 2021.

Don’t expect to hear these three crucial words cited before the United States Supreme Court, which Trump says he will ask to take up the case, or to be the focus of mainstream news reports for reasons I’ll explain.

The Colorado challenge, one of nearly 20 filed so far, hangs on the 14th Amendment’s lifelong ban on holding office for anyone who “engaged in insurrection or rebellion.”...

How Trump brazenly took tax losses he knew were fraudulent

How Trump brazenly took tax losses he knew were fraudulent

Donald Trump knowingly committed dozens of brazen tax frauds during the six years when he ran for office and was President, my analysis of the Congressional report on his tax returns and other documents shows. This explains why he fought all the way to the Supreme Court in a failed effort to keep his tax information secret.

One technique he used at least 26 times between 2015 and 2020 was as simple as it was flagrant. Trump filed sole proprietor reports, known as Schedule C, that showed huge business expenses despite having zero revenue. That created losses which Trump used to offset his income from work and investments, thus lowering his income taxes. Additional Schedule Cs had expenses exactly equal to revenues while only a few showed profits.

Trump knew this was unlawful because he lost two trials over his 1984 income taxes in which he did the exact same thing, a story I broke in June 2016. Both judges, in scathing opinions, ruled that Trump committed civil tax fraud....

Repeat felon Swiss bank may finally lose privileged American status

Repeat felon Swiss bank may finally lose privileged American status

Unless the Biden administration loses its nerve, one of the most corrupt banks in the world – Credit Suisse – will soon be banned from the lucrative business of steering pension fund assets into opaque investments where thievery and poor performance are easy to hide.

If you haven’t heard this news it’s because nothing has appeared about it in The New York Times, The Wall Street Journal, The Washington Post, or even Bloomberg. We checked those and other influential news organizations and found zip.

That’s not surprising because there was no Department of Labor press release declaring its plan to act against Credit Suisse. The action was disclosed yesterday in a routine publication of federal government actions....