Tag: trump taxes
Watch Biden Brilliantly Mocks Trump At Pro-Union Speaking Event (VIDEO)

Watch Biden Brilliantly Mocks Trump At Pro-Union Speaking Event (VIDEO)

President Biden, largely considered the most pro-union U.S. president in decades, took aim at Amazon and former "defeated" President Trump in a speech to the North America's Building Trades Unions (NABTU) Legislative Conference. Biden commended the New York workers at an Amazon.com Inc (AMZN.O) warehouse in Staten Island for having voted to form a union by saying: “And by the way, by the way, Amazon here we come. Watch. Watch.” And yet the media will somehow spin it to make Joe Biden seem like he doesn't care about workers while Republicans do anything and everything to ensure they will raise their taxes if they take back power this November.

However, the most memorable moment in President Biden's speech to the pro-union org was when he mockingly called out trump for the $2 trillion tax cut that did very little for working Americans in the long run .

"The two trillion dollar tax cut the last guy...what was his name...anyway, the last guy; I forgot, he never showed up at the inauguration," quipped the president.

@scottdworkin President Biden just slammed Trump hard—amazing. 😎🥳😂 #biden #joebiden #potus #presidentbiden ♬ original sound - Scott Dworkin

Michael Hayne is a comedian, writer, voice artist, podcaster, and impressionist. Follow his work on Facebook and TikTok

Manhattan DA’s ‘Doubts’ On Trump Case Lead Top Prosecutors To Quit

Manhattan DA’s ‘Doubts’ On Trump Case Lead Top Prosecutors To Quit

Two top prosecutors in the office of the Manhattan District Attorney have “abruptly” resigned, throwing the fraud case against Donald Trump into jeopardy.

The New York Times reports the new Manhattan DA, Alvin Bragg, “indicated” to the two prosecutors “that he had doubts about moving forward with a case against Mr. Trump. "The prosecutors have not presented the grand jury with any new evidence in the last month.

“Without Mr. Bragg’s commitment to move forward, the prosecutors late last month postponed a plan to question at least one witness before the grand jury,” the Times reveals. “They have not questioned any witnesses in front of the grand jury for more than a month, essentially pausing their investigation into whether Mr. Trump inflated the value of his assets to obtain favorable loan terms from banks.”

Trump’s Accountants Warn His Financial Data Isn't Reliable — And Quit

Trump’s Accountants Warn His Financial Data Isn't Reliable — And Quit

In one of the most remarkable events of the entire investigation into Donald Trump’s hyperinflated worth, his own accounting firm has now effectively fired him as a client. In a letter to Trump Organization attorney Alan Garten, accounting firm Mazars USA informs team Trump that they can no longer stand behind numbers they’ve been putting out because information provided by the New York attorney general, as well as Mazar’s own investigations, shows that data it got from Trump Organization was not reliable.

The accountants have informed Trump’s company that the last ten years' worth of financial records should “no longer be relied upon.” They’ve also told the Trump Organization that “you should inform any recipients thereof who are currently relying upon one or more of those documents that those documents should not be relied upon.” Telling everyone that he can’t be trusted will surely go straight to the top of Trump’s agenda.

The firm has not just determined that it has to disown ten years of reports, but declares that it will no longer work with Trump. “We have also reached the point such that there is a non-waiveable conflict of interest with the Trump Organization,” wrote Mazars. “As a result, we are not able to provide any new work product to the Trump Organization.” In other words, accounting firm Mazars USA has completed their last task related to the Trump Organization—a bulk purchase of ten-foot poles.

In the middle of a legal battle claiming that Trump has been fudging the numbers on his real estate “empire,” the people who are responsible for vetting those numbers have taken a second look and declared an official “Oh, sh#t.” Which seems like it should be concerning.

Trump will surely get right on spreading the word that he can’t be trusted. As soon as he gets past the ludicrous claim, relayed by The Wall Street Journal that because its own accounting was worthless, this “effectively renders the investigations by the D.A. and A.G. moot.”

Oddly, New York Attorney General Letitia James doesn’t seem to agree. As The Daily Beastreports, the response of the attorney geneal's office to the letter from Mazars was filing it in support of their case against Trump, Ivanka Trump, and Donald Trump Jr. Her office is also calling on all three to “testify about how so many family real estate development projects and properties had wildly fluctuating values that seemed high whenever they needed loans but low whenever it came time to pay taxes.”

Trump has leaned heavily on Mazars since he began his campaign in 2015. The accounting firm has led the charge in protecting his documents, including appealing attempts to release both more financial information and Trump’s personal tax documents, over and over for five years. The appeal leading to the final decision by the Supreme Court that allowed the Manhattan District Attorney to examine the documents, but continues to hide them from Congress, was officially filed not by Trump, but by Mazars.

Bizarrely, Trump issued a statement that says Mazars' letter “confirms” that “Mazars’ work was performed in accordance with all applicable accounting standards and principles and that such statements of financial condition do not contain any material discrepancies.” Which is the opposite of what the letter actually said. Yes, Mazars produced reports that followed accounting guidelines, but they did so based on unreliable information. Trump’s team seems to be saying, “They have accurately reported the lies we fed them,” so all is well.

Whether or not legal action will result from any of this is still up in the air. In spite of Eric Trump invoking the Fifth Amendment hundreds of times, in spite of lying not just about the value but about the physical size of his own signature building, in spite of Trump’s multiple attempts to kill the investigation, and despite evidence that Trump materially benefited from misstatements about the value of his properties, James has still not decided whether or not to pursue legal action against Trump or his organization.

In January, James tweeted:

“We have uncovered significant evidence indicating that the Trump Organization used fraudulent and misleading asset valuations on multiple properties to obtain economic benefits, including loans, insurance coverage, and tax deductions for years.”
None of this has yet led to an actual indictment against Trump. But his own accounting firm desperately paddling in the opposite direction might be a good indicator that the ship is about to sink, and no one wants to be too close when it happens.

Reprinted with permission from Daily Kos

Trump Children Resisting Subpoenas From New York Attorney General

Trump Children Resisting Subpoenas From New York Attorney General

Donald Trump, Jr. and Ivanka Trump are refusing to comply with legal subpoenas issued by the New York State Attorney General.

AG Letitia James subpoenaed the Trump siblings last month, but according to ABC News court documents say a “dispute has arisen between the OAG and the Individual Trump Parties regarding the Subpoenas.”

Trump Jr. and Ivanka Trump “will file motions to quash the subpoenas as soon as Monday, the filing indicated.”

The subpoenas demand testimony from the adult Trump children in a civil suit filed by James into how the Trump Organization and Donald Trump valued assets. The former president, according to his former attorney Michael Cohen, inflated the value of his real estate holdings when applying for loans or credit, then deflated their value for tax purposes.

Article reprinted with permission from Alternet

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