Sunday, November 29, 2020

Ivanka Trump calls legal inquiries into Trump business political ‘harassment’

Must read

Nixon’s Grandson Says Trump’s ‘Relatively Young’ and ‘Very Sharp’ Amid 2024 Speculation

Richard Nixon's grandson Christopher Nixon Cox has said President Donald Trump is "relatively young" and "very sharp" amid speculation he could run again in...

Loeffler self-isolates after positive Covid test

“Senator Loeffler followed CDC guidelines by notifying those with whom she had sustained direct contact while she awaits further test results,” Lawson added. “She...

Trump campaign lawsuit challenging election in Pennsylvania dismissed

A Pennsylvania federal court on Saturday denied President Donald Trump's request to block certification of the state's 2020 election results in order to give his...

Food Bank Workers Beg for Stimulus Package Before Thanksgiving As COVID Cases Spike

Food bank volunteers and local officials are begging the federal government to pass a second stimulus package before Thanksgiving Day as covid-19 cases continue...

The president has been under investigation since 2019 by two independent inquiries in New York into his finances. One, led by Manhattan District Attorney Cyrus Vance Jr., was initially focused on the Trump Organization’s part in paying off the pornographic actor Stormy Daniels to keep quiet about an alleged affair with Trump. The other, a civil probe led by New York Attorney General Letitia James, was sparked after the president’s former lawyer Michael Cohen testified that Trump drastically exaggerated his wealth to secure loans.

The Times reported on Thursday, citing people with knowledge of the matter, that those investigations had since grown to include consulting fees that were deducted to reduce the president’s taxable income. The two investigations have subpoenaed the Trump Organization in recent weeks, the Times reported, and some of those consulting fees appear to have gone to Ivanka Trump.

Ivanka Trump dismissed the probes as political hit jobs. Both Vance and James are Democrats.

Trump deducted about $26 million in fees to unnamed consultants between 2010 and 2018, and some of those fees paired exactly with $747,622 Ivanka Trump reported receiving from a consulting company of which she was a partial owner, according to The Times. Ivanka Trump does not appear to be at the center of the investigations, according to the Times report.

The Times article comes after the newspaper revealed damning information based on the president’s tax records going back decades. The president skirted federal income taxes by reporting greater losses than profits each year, The Times reported. Trump paid only $750 in federal income tax in 2016, The Times revealed, and paid no federal income tax for several of the last 15 years.

The president has dismissed the Times investigations, and maintains that he “prepaid” tens of millions of dollars in taxes over several years. He has declined to make his tax returns public, saying they’re under IRS audit.

Source link

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Nixon’s Grandson Says Trump’s ‘Relatively Young’ and ‘Very Sharp’ Amid 2024 Speculation

Richard Nixon's grandson Christopher Nixon Cox has said President Donald Trump is "relatively young" and "very sharp" amid speculation he could run again in...

Loeffler self-isolates after positive Covid test

“Senator Loeffler followed CDC guidelines by notifying those with whom she had sustained direct contact while she awaits further test results,” Lawson added. “She...

Trump campaign lawsuit challenging election in Pennsylvania dismissed

A Pennsylvania federal court on Saturday denied President Donald Trump's request to block certification of the state's 2020 election results in order to give his...

Food Bank Workers Beg for Stimulus Package Before Thanksgiving As COVID Cases Spike

Food bank volunteers and local officials are begging the federal government to pass a second stimulus package before Thanksgiving Day as covid-19 cases continue...

US hits 12 million cases; Thanksgiving travel not advised

The U.S reported its 12 millionth case of COVID-19 on Saturday, days after the nation surpassed 250,000 deaths from the coronavirus — by far...

GOP Civil War, Inspired by Trump, Grips Georgia, Threatens Other States

A new video of Trump supporters threatening to drive Georgia Governor Brian Kemp from public life could send shivers down Republican spines in Michigan,...

‘This is simply not how the Constitution works’: Federal judge eviscerates Trump lawsuit over Pennsylvania results

Trump has faced a series of legal and political setbacks in the last two days. Some of his allies on Capitol Hill have begun...