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Trump’s Taxes: GOP Defends Ex-President Amid Warnings of ‘Dangerous Precedent’ Set by Democrats

The top Republican on the House Ways and Means Committee laid into Democrats on Sunday for releasing former President Donald Trump’s tax returns after years of legal battles and just days before Republicans take control of the House.

The documents revealed that the former president’s real estate conglomerate reported years of multimillion-dollar losses, prompting jabs from Democrats eager to chip away at Mr. Trump’s self-proclaimed success as Republicans warned of setting a “dangerous precedent” of their release.

“Every American ought to be frightened by this precedent because the enemies list is back, and you might find yourself on it,” Rep. Kevin Brady, Texas Republican and ranking member of the House Ways and Means Committee, said on “Fox News Sunday.”

“This isn’t about whether President Trump should have released [his tax returns]. That’s not the law; it’s the tradition,” Mr. Brady said. “This is a dangerous new precedent. It overturns 50 years of protections for American taxpayers.” (Read more from “Trump’s Taxes: GOP Defends Ex-President Amid Warnings of ‘Dangerous Precedent’ Set by Democrats” HERE)

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Far-Left NYT Admits Trump’s Massive Success With Truth Social Is Crushing Opponents: ‘Megaphone to the Word’

The far-left New York Times, dubbed the “failing New York Times” by forty-fifth President Donald Trump, admitted in an article on Tuesday titled “Truth Social’s Influence Grows Despite Its Business Problems” that Trump’s social media platform, Truth Social, has become “vibrant” and has “managed to outplace its rivals.”

The Times article begins by describing Trump’s platform as a “a vibrant right-wing ecosystem increasingly brimming with activity.”

“Experts say the app itself has only grown more influential in conservative circles ahead of the midterm election. Much of that is owed to former President Donald J. Trump, one of the app’s founders and its star, who now uses Truth Social as his primary megaphone to the world,” the article reads.

“His posts on the site reach more than four million followers and regularly reverberate across mainstream news and social media sites,” the article adds.

Google recently allowed Truth Social on their Play Store for Android users, which makes up for 44 percent of smartphone users in the United States, and it’s a hit. (Read more from “Far-Left NYT Admits Trump’s Massive Success With Truth Social Is Crushing Opponents: ‘Megaphone to the Word’” HERE)

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The Longest Witch Hunt Goes on… Democrats Release Trump’s Tax Returns Before Losing Power; Trump Reacts

Democrats in control of the U.S. House Ways and Means Committee released six years of former President Donald Trump’s tax returns on Friday, an unprecedented intrusion that revealed nothing in particular.

The release marked the first time Congress had ever obtained and published the tax returns of any individual.

The six years of newly-released returns, covering the years 2015 through 2020, show that Trump paid a total of $4.4 million in federal income taxes over that period, with an adjusted gross income of -$53.2 million. “The Trumps paid some form of federal taxes every year, but they reported income-tax liability of $750 or less in three of the six years,” the Wall Street Journal noted. Democrats point to some potential problems. They claim that Trump’s tax returns as president were not properly audited by the IRS (a claim the IRS disputes). They also complained about charitable deductions and whether loans to his children should have been taxed as income. . .

However, there appeared to be few bombshells. In a statement on Truth Social, his social media platform, the former president said the returns showed “how proudly successful I have been” and warned that “the Democrats should never have done it.”

Republicans echoed the latter sentiment, saying the release of the tax returns seemed to have a purely political motive, and opened the door for Republicans to do the same in future. (Read more from “The Longest Witch Hunt Goes on… Democrats Release Trump’s Tax Returns Before Losing Power; Trump Reacts” HERE)

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January 6 Committee Withdraws Trump Subpoena: ‘They Knew I Did Nothing Wrong’

January 6 Committee Withdraws Trump Subpoena: ‘They Knew I Did Nothing Wrong’

By Fox News. The January 6 special committee on Wednesday decided to withdraw its subpoena of former President Trump as it concludes its work.

Trump’s testimony was no longer needed, according to the panel’s chairman, Rep. Bennie Thompson (D-MS). . .

Trump took to his social media platform to share the following message:

“Was just advised that the Unselect Committee of political Thugs has withdrawn the Subpoena of me concerning the January 6th Protest of the CROOKED 2020 Presidential Election. They probably did so because they knew I did nothing wrong, or they were about to lose in Court. Perhaps the FBI’s involvement in RIGGING the Election played into their decision. In any event, the Subpoena is DEAD!” (Read more from ”
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Jan. 6 Committee Withdraws Trump Subpoena

By Washington Times. The Jan. 6 special committee has withdrawn its subpoena of former President Donald Trump.

In a letter sent Wednesday to the former president’s lawyers, the panel’s chairman said it was wrapping up its work and no longer needed his testimony.

“In light of the imminent end of our investigation, the Select Committee can no longer pursue the specific information covered by the subpoena,” Rep. Bennie Thompson, Mississippi Democrat, wrote in the letter, which was obtained by CNN.

“Therefore, through this letter, I hereby formally withdraw the subpoena issued to former President Trump, and notify you that he is no longer obligated to comply or produce records in response to said subpoena,” he wrote.

Mr. Trump promptly took to his social-media platform to claim vindication. (Read more from “Jan. 6 Committee Withdraws Trump Subpoena” HERE)

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Three-Quarters of Americans Want President Under 65, New Poll Shows

. . .A new poll shows the vast majority of Americans want their president to be under the age of 65 — seemingly precluding 76-year-old former President Donald Trump and 80-year-old President Biden from successful White House runs in 2024.

The Suffolk University/USA Today survey found 50% of registered voters say their “ideal president” would be between 51 and 65 years old. Another 25% liked their chief executive even younger, between the ages of 35 and 50.

Another 15% said age didn’t matter, but just 8% said they preferred a president between the ages of 66 and 80 — and just 0.4% said they wanted one older than 80.

Biden, already the oldest person to serve as president, has said he plans to run for a second term in 2024, but would make a final decision after the holidays.

If he is reelected, the president would be 82 on the day of his second inauguration in 2025. Should Biden complete another four years, he would be 86 when the time comes for him to leave office in 2029. (Read more from “Three-Quarters of Americans Want President Under 65, New Poll Shows” HERE)

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House Committee Picks Date To Release Trump’s Tax Returns

Several years’ worth of former President Donald Trump‘s tax returns are on track to be released to the public by the end of this week.

A spokesperson for the Democrat-led House Ways and Means Committee told multiple news outlets that the disclosure will take place Friday, less than a week before Republicans take control of the lower chamber. The tax materials for Trump and his businesses, which are expected to cover the years 2015 to 2020, will be placed into the Congressional Record as part of a pro forma session, according to NBC News.

The panel voted along party lines last week to release Trump’s tax returns following a years-long legal battle capped by the Supreme Court rejecting the former president’s plea to block the Internal Revenue Service (IRS) from giving the tax records to the committee. Chairman Richard Neal (D-MA) said the release would happen after a few days, allowing staff to make redactions of sensitive information.

A longtime businessman before he jumped into politics, Trump refused a modern standard of making tax information public while a candidate for president and while in office, insisting over the years it was because he was being audited, along with numerous other explanations. (Read more from “House Committee Picks Date To Release Trump’s Tax Returns” HERE)

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Kari Lake Could Be on Hook for Big Payday Benefiting Corrupt Dem Lawyer

A high-powered Democratic attorney who became a big name in the Trump-Russia controversy may get a hefty paycheck for battling Kari Lake in her recently tossed 2022 election lawsuit seeking to overturn the results of last month’s governor’s race.

Arizona Governor-elect Katie Hobbs and Maricopa County filed motions on Monday for sanctions against Lake and her attorneys, which may amount to nearly $700,000 in penalties to cover the attorneys’ fees and costs, according to an estimate from the AZ Law blog. Most of that money could go toward Marc Elias, who is well known as the lawyer who directed funding from Hillary Clinton’s 2016 presidential campaign and Democratic National Committee that went toward British ex-spy Christopher Steele’s now-discredited anti-Trump dossier.

Hobbs filed motions in her capacity as Arizona’s secretary of state, the top elections position in the state, and candidate. In the latter, she declared $56,585 in “definite” fees and expenses for last week’s trial, of which $35,762.50 is for Elias’ firm, the Elias Law Group. Another $20,822.50 was listed for the Perkins Coie law firm, which happens to be Elias’ former employer during the 2016 election.

The filing also describes estimated fees “for additional legal services in connection with the election contest,” earmarking about $457,032.50 for the Elias Law Group and $93,177.50 for Perkins Coie.

Lake, a Republican endorsed by former President Donald Trump, sued Hobbs and Maricopa County after the results showed that she lost the November contest to Hobbs by roughly 17,000 votes. (Read more from “Kari Lake Could Be on Hook for Big Payday Benefiting Corrupt Dem Lawyer” HERE)

Photo credit: Gage Skidmore via Flickr

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‘Absurd and Discredited Story’: Trump Bashes Jan. 6 Panel

Former President Donald Trump released video bashing the Jan. 6 “witch hunt,” in one of his first public addresses of the Jan. 6 Committee since the release of its final report.

In the video, Trump derided the committee itself, Vice Chairwoman Liz Cheney, President Joe Biden, and the Democratic Party, among others. Trump claimed that the committee was intended to distract from other issues, and that it was deceptively editing information while ignoring evidence favorable to him.

“For two years as inflation skyrocketed, crime soared, the border was erased, Afghanistan was a disaster, and Joe Biden destroyed our country, the American people have been besieged with lies from the partisan witch hunt, known as the unselect committee on January 6,” he began. “The committee cut the part of my speech out where I encouraged protesters to make their voices heard, peacefully and patriotically, but no one ever says that.”

He quickly shifted to bashing Cheney, who has become perhaps the most vocal Trump critic in the Republican Party. He claimed that she, “lost her congressional race in Wyoming by the largest margin ever for a sitting congressperson, that’s 40%.” (Read more from “‘Absurd and Discredited Story’: Trump Bashes Jan. 6 Panel” HERE)

Photo credit: Gage Skidmore via Flickr

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The Trump Rule: House Passes Bill Requiring Yearly Audit of President’s Taxes

The House of Representatives passed a bill mandating annual reviews of a president’s tax returns Thursday, following the move to publicly disclose of former President Donald Trump’s elusive tax returns earlier in the week. (Read more from “The Trump Rule: House Passes Bill Requiring Yearly Audit of President’s Taxes” HERE)

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Billionaire Mark Cuban Says Trump Was ‘Political Chemotherapy’ and ‘Changed the System’

Billionaire Mark Cuban told comedian Bill Maher that former President Donald Trump reset the American political system.

The duo were talking politics on Maher’s “Club Random” podcast, with Cuban saying that, while he has no political aspirations, if he did run, he’d run as a Republican.

“I can f**k with them more, and I think they’re more pragmatic,” Cuban said. “But I think Democrats are smarter.”

Maher then retorted that Democrats are too committed to identity politics and that Cuban, being white, would have little chance of winning a Democratic primary. Cuban then expressed support for ranked choice voting because it “eliminates extremism,” while Maher said the political climate is “rough because this is a team era when people just want to hear what they believe.”

“So, I think Trump has been political chemotherapy. Meaning, he was such a mess that he changed the system,” Cuban said. (Read more from “Billionaire Mark Cuban Says Trump Was ‘Political Chemotherapy’ and ‘Changed the System’” HERE)

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