Trump promises to publish his tax returns after the end of the audit in the Tax service.
Hours before the first debate with President Donald Trump, Democratic presidential candidate Joe Biden released his 2019 tax returns, and his campaign staff urged Trump to do the same.
Recall that on Sunday, the New York Times published an article claiming that Trump paid $ 750 in income tax in 2016 and 2017 and did not pay taxes at all for 10 of the 15 years preceding his presidential nomination because of his claimed losses exceeded income.
On Monday, Trump tweeted: “I have paid many millions of dollars in taxes, but I, like everyone else, am entitled to deductions and tax breaks. I have an extremely low level of debt. I have very little debt compared to the value of my assets.” When asked about the NYT material, he called it “absolutely fake news.”
Trump, contrary to tradition, did not publish his returns either at the time of the nomination or after taking office, saying that the Tax service checks them. According to the President, most lawyers do not recommend publishing declarations while the audit is underway. However, he promised to release the documents in the future: “I look forward to making them public… I’m going to make a lot of things public, and people will be shocked.”
Alan Garten, a lawyer for the Trump Organization, said in a letter to the NYT: “Over the past decade, President Trump has paid the Federal government tens of millions of dollars in income tax, including millions of dollars since his candidacy in 2015.”
Biden’s returns show that for 2019, he and his wife, Jill, paid more than $ 346,000 tax from the income of $ 985,000, and then asked for a refund of about $ 47,000 in overpaid tax.
The candidate for Vice-presidents from the Democratic Party, Kamala Harris, also published the declarations.
“This is a historic level of transparency designed to reassure the American people that their leaders will take care of them, not their income,” Biden’s Deputy Campaign Manager, Kate Bedingfield, told reporters.
The one-and-a-half-hour debate between Trump and Biden begins at 21: 00 Eastern time and will be held in Cleveland. This is the first of three scheduled debates.