Reprinted with permission from DCReport. James S. Henry, an economist and expert on global tax avoidance, reports that the new Trump tax law gives Apple and other multinational companies a sweetheart deal—several sweetheart deals, actually—that could total as much as $2.6 trillion. This is an important story that the mainstream news missed. We have it all […]
On the Rachel Maddow Show yesterday evening, Johnston speculated that Trump himself might have sent him the 2005 tax documents anonymously via mail — since that year’s return at least shows the former casino mogul paying some taxes, following his final big score as an actual real estate developer.
But “John Barron” didn’t just puff Trump’s sexual boasting in the press. “Barron” was also menacing, as revealed in the following film clip about his abuse of Polish immigrant construction workers – and the attorney who tried to help them.
It was the beginning of Trump having to relinquish his stakes in a host of enterprises—and by 1991 the Trump Taj Mahal was in Chapter 11 bankruptcy, the first of what would become four business bankruptcies. He later sold stock in his casinos, where investors not only lost their shirts, but during the fourth bankruptcy case creditors successfully demanded that Trump get lost. These days Trump licenses his name for much of his revenue.
The returns will be released, Jane suggested, when Hillary Clinton provides transcript of her lucrative speeches to Wall Street firms. Clinton should absolutely release the transcripts and she should have done so long ago, but the issues are not even close to parallel.
Sanders had made available only his and wife Jane’s 2014 Form 1040, a summary lacking crucial details about their sources of income, deductions, and tax strategy.
What they made public was a mere summary known as IRS Form 1040. That form is no more a tax return than the Preamble is our Constitution.
David Cay Johnston reviews Donald Trump’s latest release, which is less a book than it is “a jumble of contradictions and thoughts that have not yet reached the half-baked stage.”
Senator Rand Paul insists he’s a tight-fisted libertarian who cuts spending and stops waste. But look at what he has done rather than what he says.
Democrats can win control of the House of Representatives, governorships and many other offices in November if they do just one thing: Stop playing politics the way the Koch brothers and other right-wing billionaires do. A surefire way to make sure Republicans stay in power is to continue pouring most campaign money into costly television […]
David Cay Johnston stopped by MSNBC’s The Last Word with Lawrence O’Donnell on Tuesday, to discuss Governor Chris Christie’s plan to cut post-retirement health care benefits and pensions. “This is thievery,” Johnston explained. “This is just a subtle, delayed form of stealing wages from people who did the work they were hired to do and […]
Embattled New Jersey governor Chris Christie has come out foursquare for wage theft. As reported Sunday by Karen Tumulty of The Washington Post, Christie met with 200 citizens at the Jersey shore last week and, regarding state worker retirement benefits, declared: “Promises were made that can’t be kept… Welcome to the real world, folks.” Tumulty […]
The Daily Signal, The Heritage Foundation’s online “news” website, debuted Tuesday, offering up vagaries and unverifiable assertions aplenty, but too few empirical facts and little in the way of attribution. Its first video was a publicist’s dream, a puff piece that no serious news organization would air. What appears in The Daily Signal matters because […]
Today the Weekend Reader brings you Divided: The Perils of Our Growing Inequality, a collection of essays edited by David Cay Johnston, a Pulitzer Prize-winning investigative journalist, best-selling author, and regular contributor to The National Memo. The growing gap between rich and poor remains a dominant issue among the 99 percent, but without the support of a majority of elected leaders, the middle […]
Imagine if Walmarts owners, the Waltons, weren’t on the dole and pulled themselves up by their own proverbial bootstraps.
Using slurs seems a simple issue: It is morally wrong and offensive. But to Roger Goodell, the NFL commissioner, “the issue is undeniably complex.” Goodell wrote those words in a very sophisticated and carefully crafted Feb. 27 letter defending the name of the football team in the nation’s capital. The National Memo has obtained a […]