Trump’s taxes tell a tale of debt and desperation (opinion)

But beyond the minutiae of tax, the latest Trump data tells a far bigger and more important story. It tells a tale of desperation.
Trump emerges as a man living large, losing large, and constantly staying just one step ahead of his creditors. His businesses lose money. This gives him tax losses but the need for cash to keep living large. He gets lots of money — some $300 million at least — from borrowing. And Trump, the self-proclaimed King of Debt, knows that borrowing is not taxable income.

Read more

How Trump’s billionaire business tycoon image was tarnished by the New York Times report

“Throughout his career, Mr. Trump’s business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year,” the Times reported. “But the tax code offers a workaround: With some restrictions, business owners can carry forward leftover losses to reduce taxes in future years.”

Read more

The WH tax scofflaw paid $750 in taxes, owes nearly a billion dollars

The report also reveals the Trump Organization wrote off around $26 million in unexplained “consulting fees” between 2010 and 2018. Some of those tax deductions match consulting fees paid to Ivanka Trump in her financial disclosures.

Read more

Another judge delivers blow to USPS, says changes put election mail ‘at risk’

“Plaintiffs have also demonstrated that the combination of the reduction of late trips, extra trips and reduced sorting capacity puts the timely delivery of election mail at risk,” Judge Emmet Sullivan of the DC District Court wrote on Sunday, in a case brought by a coalition of state governments including New York.

Read more

Democrats intent on making fight over Trump?s Supreme Court pick about threat to Obamacare

The ideological distance between Ginsburg and Barrett is the biggest gap since 1991, when Thurgood Marshall, the civil rights lawyer and historic first Black justice, was replaced by Clarence Thomas, a justice who has spent almost three decades at the far right end of the court.

Read more

Tom Ridge: Former Bush DHS Secretary endorses Joe Biden

“I will cast my vote for Joe Biden on Nov. 3. It will be my first vote for a Democratic candidate for president of the United States,” Ridge wrote in the op-ed. “But it is not the first time I have said ‘no’ to Donald Trump. I urge my fellow Pennsylvanians to join me.”

Ridge also gave a scathing critique of Trump’s time in office, including his attempts to cast doubt on the election process. He also said the Trump “lacks the empathy, integrity, intellect and maturity to lead” and that he “sows division along political, racial and religious lines.”

Read more

Sly Lincoln Project Ad Urges Voters To Stop Lindsey Graham’s ‘Suffering’

The Republican-led Lincoln Project on Friday urged Americans in its latest mocking ad to end the suffering of Sen. Lindsey Graham (R-S.C.).

Graham appeared to be in a meltdown Thursday when he said in a Fox News interview that he was getting “killed” on fundraising in his tight race against Democratic rival Jaime Harrison because his detractors “hate my guts.”

Read more

Top Republicans Promise ‘Peaceful Transfer Of Power’ After Trump Wouldn’t

Top Republicans on Thursday vowed to ensure a peaceful transfer of power should President Donald Trump lose the November election, a day after Trump refused to commit to doing so.

Senate Majority Leader Mitch McConnell (R-Ky.), who almost never publicly pushes back against Trump, said whoever wins the election will be inaugurated on Jan. 20.

Read more

Poll: Americans Say Trump Should Wait To Nominate Ginsburg Replacement

Roughly half, 49%, say Trump should wait so that whoever wins the election can nominate Ginsburg’s replacement. Another 36% say he should immediately nominate a replacement. They say, 44% to 37%, that presidents in the final year of their term should generally wait until after the election to handle any Supreme Court vacancies.

Read more