Trump is seeking a repurchase in the November 3 vote. Trump, a self-proclaimed billionaire, paid only $ 750 in federal income taxes in both 2016 and 2017. After years reported huge losses to compensate for hundreds of millions of dollars in income from their businesses. The New York Times reported on Sunday, citing tax-return data.
The Times also reported that Trump paid no federal income tax in 10 of the last 15 years through 2017, despite receiving $ 427.4 million through his licensing deals, reality television programs and other endorsements 2018.
Jared Bernstein, one of Biden's top economic advisers, said the need for people like Trump to pay their fair share and the report highlighted simplifying the tax code.
Bernstein said on Twitter "Most of us pay taxes and get on with life. But the richer you are, the more tax lawyers you work with, the more complex you can make your holding - All of this, as the piece shows, reduces your tax liability. Zero "
Biden's campaign released a video listing the thousands of dollars in income tax commonly paid by an elementary school teacher, construction manager, firefighter, and registered nurse, in contrast to the $ 750 bill reported by Trump in 2017. Starting to sell the stickers, he said, "I paid more in taxes than Donald Trump."
Trump has dismissed the report as "fake news" by tweeting on Monday. Is said to have paid "several million dollars in taxes" but was entitled to depreciation and tax credits and was "extremely under-leveraged" in terms of its debt and assets.
White House spokesman Kayle McNee called the report a hit work, straight out of the Democratic playbook. "We already saw this drama ... canceled the information on the eve of a debate. They tried it in 2016 - it didn't work," she told Fox Business Network.
US House of Representatives Speaker Nancy Pelosi, a Democrat, told MSNBC that the president's reported debts raised questions of national security.
There will be shocking statements in the first week's debate
Trump and Biden will square off in their first debate in Cleveland, Ohio on Tuesday, five weeks before the election. Polls show Biden Trump nationally and in several major battlegrounds.
The 90-minute television debate is likely to focus on Trump's handling of the coronovirus epidemic that killed more than 200,000 Americans, and his fill of the seat of the late Supreme Court Justice Ruth Beder Zinsburg. Push .
Trump's re-emergence of tax history as an electoral issue - in 2016 he broke a decade-old tradition of presidential candidates when the White House released its tax returns demanding that - attack Biden on Tuesday evening Provides another opportunity.
The former vice-president is trying to turn the tables on Trump, who ran successfully as an economic populist four years ago and is believed by some observers to have an edge among voters as to the best of the economy on the issue Who will manage
In recent times, Biden portrayed the race as a conflict between Scranton, the Pennsylvania city's working class where he spent his childhood and part of Park Avenue. Trump Tower, which serves as the headquarters of the Trump Organization, is located near that Tony Boulevard in Manhattan.
Trump has portrayed his economic record in glowing terms, stating that his policies were responsible for boosting growth and reducing American unemployment that was close to 50 years before the outbreak of the epidemic.
However, his message has been badly deflected by the virus-triggered recession that has forced millions of Americans out of work. Democrats say Trump has misjudged the American response and adopted policies that support corporations and the rich.
Biden is proposing an increase in corporate income tax and a tax on people earning more than $ 400,000 if elected. Trump, who signed a $ 1.5 trillion Republican-sponsored package of tax cuts in late 2017, accused his opponent of pushing a far-left agenda that would destroy the economy.
Trump has stated since the 2016 campaign that the reason for his refusal to release his federal income tax return is that he is under audit by the Internal Revenue Service, but the agency has said there is no reason why that audit Could not release his taxes under.
Senator Chuck Grassley told reporters on Capitol Hill that it suggested the tax audit was taking too long. "I want to wait until the IRS is up, so I know how much he (Trump).
Representative Chuck Grassley told journalists on Capitol Hill that it proposed the expense reviews were taking excessively long. "I need to hold up until the IRS completes, so I know the amount he (Trump) owes," said Grassley, an Iowa Republican who seats the Senate Finance Committee.
