White House defends Trump claim tax plan will cost him ‘a fortune’

The White House defended President Trump’s assertion that the forthcoming tax reform bill will cost him a “fortune,” while admitting he could benefit from cuts to corporate taxes.

Press secretary Sarah Huckabee Sanders responded to repeated questions from reporters during Tuesday’s briefing about Trump’s assertion, which he made during a Nov. 29 speech in Missouri.

Sanders defended the president by arguing that he hasn’t been focused on himself, but instead on the impact the bill would have on everyday Americans.

“In some ways, particularly on the personal side, the president will likely take a big hit. But on the business side, he could benefit,” she said.

“The biggest focus for this White House is to makes sure all Americans are better off today when this tax package passes than they were before hand. We really focused on invigorating the middle class and making sure they get more of their hard-earned money.”

Multiple independent analyses show that Trump, whose net worth is pegged by Forbes at $3.1 billion, stands to benefit from GOP tax plan.

When reporters noted that the overall impact on Trump’s bottom line is unclear because he has not released his tax returns, Sanders said that Trump will not release his tax returns while they are under audit, which is the line that Trump took during the presidential campaign too. The IRS, however, has said an audit does not prevent an individual from releasing personal tax information.

Using information from a leaked portion of Trump’s tax returns from 2005, NBC News quoted a tax expert estimating that the combined estates of both Trump and first lady Melania Trump would save about $1 billion from the repeal of the estate tax. The expert also estimated that Trump would save $22.6 million thanks to the repeal of the alternative minimum tax, after capital gains taxes were taken into account. But without Trump’s most recent tax returns, or a more full glimpse at the 2005 return, the full impact couldn’t be nailed down.

The House passed the final version of the plan Tuesday afternoon, with the Senate expected to vote on the bill later that same day.

[The Hill]

Donald Trump Just Claimed He Never Met Women Accusing Him of Sexual Harassment. That’s Not True

President Donald Trump targeted Democrats and the women who have accused him of sexual misconduct in a tweet Tuesday morning, calling their claims “false” and “fabricated.”

“Despite thousands of hours wasted and many millions of dollars spent, the Democrats have been unable to show any collusion with Russia — so now they are moving on to the false accusations and fabricated stories of women who I don’t know and/or have never met,” the president tweeted. “FAKE NEWS!”

While Trump claimed he did not “know and/or have never met” these accusers, several of the women had participated in events in which he was the host. Of the 19 women who have come forward with accusations against the president, one of them, Summer Zervose, was a contestant on the fifth season of NBC’s The Apprentice, and several of them were contestants in Miss USA pageants.

Additionally, one of them is Natasha Stoynoff, a former People magazine staff writer who interviewed Trump and Melania Trump in Mar-a-Lago in 2005, when, she said, Trump forced her against a wall and kissed her.

Their claims, many of which have a number of corroborators, were recently detailed again in The Atlantic and The Washington Post.

Trump’s tweet came after the White House told Megyn Kelly Today that the claims were “false” and “totally disputed in most cases by eyewitness accounts” — seemingly confirming, at least, that Trump at met at least some of his accusers.

The White House did not immediately respond to a request for comment from TIME Tuesday morning.

On Monday, three women who have accused Trump of sexual misconduct in the past spoke at a press conference and appeared on Megyn Kelly Today amid a national reckoning as more men in a variety of industries have been fired or forced to resign over accusations of sexual harassment or sexual assault. The women repeated their accusations on Kelly’s program Monday morning in light of newfound attention to the subject — and the momentum of the #MeToo movement.

The stories told by Samantha Holvey, Rachel Crooks, and Jessica Leeds included allegations that Trump came backstage unexpectedly and inspected contestants during the Miss USA pageant in 2006, and that he had forcibly kissed Crooks on the mouth at Trump Tower in 2005.

“In an objective setting, without question, a person with this record would have entered the graveyard of political aspirations never to return,” said Cooks said Monday. “Yet, here we are with that man as President.”

In recent weeks, a wave of allegations has resulted in men in a variety of industries resigning or being fired. The list includes former Minnesota Sen. Al Franken, who stepped down last week amid sexual misconduct allegations, as well as Michigan Rep. John Conyers.

Democratic lawmakers on Monday called on Trump to resign amid the allegations, as well as recommended a Congressional investigation into the claims. One of those lawmakers included New York Sen. Kirsten Gillibrand, whom Trump also targeted on Twitter on Tuesday.

[TIME]

Sarah Huckabee Sanders Invented a New Excuse For Why Trump Won’t Release His Taxes

During a press briefing this afternoon, White House press secretary Sarah Huckabee Sanders was asked about the still-lingering issue of President Donald Trump‘s refusal to make his tax returns public.

The Trump team has consistently countered critics by saying that since the president’s returns are being audited, he cannot release them publicly. NBC‘s Hallie Jackson picked up on this issue and posed the following question, “You said, on Tuesday, that as long as [President Trump’s] taxes are under audit, he’s not going to release them; his 2016 taxes–to our knowledge–are not under audit–unless they are.” To which Sanders replied:

The president’s taxes, no matter who the president is, actually immediately go under audit after being filed.

Sanders’ full excuse, therefore, is that President Trump still can’t release his taxes because they’re presently subject to an automatic audit.

Except that’s not really the case.

While it is true that presidential tax returns are automatically audited by the Internal Revenue Service (“IRS”) since the time of President Richard Nixon, nothing about the automatic audit actually prevents presidential tax returns from being released.

In 2015, President Barack Obama released his tax returns to the American public (so did Vice-President Biden). Obama’s tax returns were subject to the same mandatory audit provision of the IRS manual, but he released them anyway.

And lest the MAGA set think we’re being unfair by comparing Trump to Obama’s time in office, that’s not all.

According to the Tax History Project, almost every single president since Nixon has released their tax returns for every single year they’ve been in office–and every president since Nixon has been subject to that same mandatory audit provision in the IRS manual. The only currently unavailable tax returns are one each from Presidents George H. W. Bush and Jimmy Carter and all of those belonging to Gerald Ford–who only released summary data about tax years 1966-1975.

Nothing is stopping Trump from releasing his taxes–and to be clear, those returns will be under audit at least until he leaves the White House. But now, Sarah Huckabee Sanders has indicated that the president intends on using a perpetual, legalistic excuse not to release them.

[Law and Crime]

Media

VA cuts program for homeless vets after touting Trump’s commitment

Four days after Veterans Affairs Secretary David Shulkin held a big Washington event to tout the Trump administration’s promise to house all homeless vets, the agency did an about-face, telling advocates it was pulling resources from a major housing program.

The VA said it was essentially ending a special $460 million program that has dramatically reduced homelessness among chronically sick and vulnerable veterans. Instead, the money would go to local VA hospitals that can use it as they like, as long as they show evidence of dealing with homelessness.

Anger exploded on a Dec. 1 call that was arranged by Shulkin’s Advisory Committee on Homeless Veterans to explain the move. Advocates for veterans, state officials and even officials from HUD, which co-sponsors the program, attacked the decision, according to five people who were on the call.

“I don’t understand why you are pulling the rug out,” Elisha Harig-Blaine, a National League of Cities housing official who was on the call, said in an interview afterward. “You’re putting at risk the lives of men and women who’ve served this country.”

“The VA is taking its foot off the pedal,” said Leon Winston, an executive at Swords to Plowshares, which helps homeless vets in San Francisco, where he said the VA decision is already having an impact. HUD recently put up 100 housing vouchers for veterans in the program, but the local VA hospital said it could only provide support for 50.

The agency’s move came as HUD on Wednesday released its annual survey showing a 1.5 percent increase in veteran homelessness over 2016 — the first rise since 2010. Most of the jump occurred in Los Angeles, where housing costs are skyrocketing.

Sen. Patty Murray (D-Wash.), who sits on a veterans’ affairs subcommittee, called the VA decision “a new low” for the Trump administration that was “especially callous and perplexing” in view of the latest data on homelessness.

In a statement late Wednesday, Shulkin insisted that overall funding for veteran homelessness was not being cut, and seemed to suggest he might reverse the decision. He promised to get input from local VA leaders and others “on how best to target our funding to the geographical areas that need it most.”

HUD data show there were nearly 40,000 homeless veterans in 2016, and even those with housing still need assistance. The program has reduced the number of displaced servicemembers, serving 138,000 since 2010 and cut the number without housing on a given day by almost half. More than half the veterans housed are chronically ill, mentally ill or have substance abuse problems.

[Politico]

Trump accused Clinton of lying but the FBI said she did not

President Donald Trump told reporters on Monday that Hillary Clinton had lied to the FBI, going on the offensive days after his former National Security Adviser, Michael Flynn, pleaded guilty to that same crime.

“Hillary Clinton lied many times to the FBI. Nothing happened to her. Flynn lied and they destroyed his life. I think it’s a shame,” Trump said. “Hillary Clinton, on the Fourth of July weekend, went to the FBI, not under oath. It was the most incredible thing anyone’s ever seen. She lied many times; nothing happened to her. Flynn lied, and they ruined his life. It’s very unfair.”

In alleging Clinton lies, the president is spreading a falsehood: The FBI asserts that she did not lie to them.

“We have no basis to conclude she lied to the FBI,” then-FBI Director James Comey testified under oath to the House of Representatives in July 2016 about Clinton’s handling of classified information on a private email server. “I have no basis for concluding that she was untruthful with us.”

The only accurate thing in Trump’s remarks about his former rival? That Clinton wasn’t under oath during her interview last year with the FBI.

Flynn pleaded guilty on Friday in federal court to a charge of making false statements to the FBI about his communications with Russia.

Trump’s remarks are the latest in a long stream of attacks on Clinton and defenses of Flynn since his firing. The president tweeted along the same lines on Saturday, criticizing the FBI’s decision not to record Clinton’s interview.

Trump fired Comey in May. His firing — and subsequent testimony that Trump had demanded loyalty and pressured Comey to drop his investigation into Flynn — prompted the appointment of special counsel Robert Mueller, who is investigating the Trump team’s ties to Russia and who negotiated Flynn’s guilty plea. Trump denies that he told Comey to go easy on Flynn.

[NBC News]

Trump questions authenticity of ‘Access Hollywood’ tape

President Donald Trump has questioned the authenticity of the infamous “Access Hollywood” tape in which he bragged about being able to grope women, The New York Times reported over the weekend, despite the fact that Trump immediately apologized for his remarks when the video surfaced.

Trump’s decision to stick with Alabama Republican Senate candidate Roy Moore despite sexual harassment allegations against him is rooted in the President’s own sexual harassment scandal during the 2016 election.

“He sees the calls for Mr. Moore to step aside as a version of the response to the now-famous ‘Access Hollywood’ tape, in which he boasted about grabbing women’s genitalia, and the flood of groping accusations against him that followed soon after,” the Times reported. “He suggested to a senator earlier this year that it was not authentic, and repeated that claim to an adviser more recently.”

CNN has not independently confirmed the New York Times’ reporting. The White House has not responded to CNN’s request for comment.

During the election, several women accused Trump of previous instances of sexual harassment and the 2005 “Access Hollywood” tape of Trump released in October 2016 caught him saying on a hot mic: “And when you’re a star, they let you do it. You can do anything … Grab them by the p****. You can do anything.”

Trump’s reported denials mentioned in the New York Times directly contradict his apology following the tape’s release.

He said in a short video statement hours after the video surfaced: “I said it, I was wrong, and I apologize.”

[CNN]

Trump claims he turned down TIME Magazine ‘Man of the Year’ in 2016

In a Friday afternoon tweet, President Donald Trump claimed that in 2016 after winning the U.S. presidency he turned down being named “Man of the Year.”

“Time Magazine called to say that I was PROBABLY going to be named ‘Man (Person) of the Year,’ like last year, but I would have to agree to an interview and a major photo shoot,” Trump tweeted. “I said probably is no good and took a pass. Thanks anyway!”

Trump previously got caught with a fake TIME magazine cover on the walls of his properties. TIME asked that the fake covers be removed.

In 2012, Trump dissed TIME claiming they lost all credibility.

“I knew last year that @TIME Magazine lost all credibility when they didn’t include me in their Top 100,” Trump tweeted.

In 2015, Trump seemed to play a game of chicken with TIME, saying he knew they’d never pick him.

“I told you @TIME Magazine would never pick me as person of the year despite being the big favorite They picked person who is ruining Germany,” Trump tweeted.

TIME could end up being purchased by Charles and David Koch, conservative billionaires who are looking into purchasing the parent company, Meredith Corp. The media empire publishes Family Circle and Better Homes and Gardens among other titles. They are rumored to have approached Time Inc. about a possible deal worth more than $500 million, the Los Angeles Times reported.

[Raw Story]

Reality

TIME disputed those remarks, however, writing on its own Twitter account, “The President is incorrect about how we choose Person of the Year. TIME does not comment on our choice until publication, which is December 6.”

Trump’s team insists he has a ‘full schedule’ an hour before he goes golfing

President Trump is at Mar-a-Lago, his resort in Palm Beach, Fla., for the Thanksgiving holiday. It’s the Wednesday of Thanksgiving week, a day that can generally be fairly described as low-key for most people. In fact, you’re not even reading this right now; you’re driving to a relative’s house or you’re trying to remember what you need to get at the grocery store.

“Low-key” is also how deputy White House press secretary Lindsay Walters described the day to the press pool Wednesday morning. Trump would make a few calls this week, she said, but otherwise not much going on.

Less than 10 minutes later, though, the White House asked the press pool for a correction.

“While the White House communications staff expects the press pool to have a ‘low-key day,’” the update from The Washington Post’s Jenna Johnson wrote, “the president will NOT have a low-key day and has a full schedule of meetings and phone calls.”

Got that? Not Trump on vacation at Mar-a-Lago. Trump working hard at what he calls the “Winter White House.” Trump tweeted to that effect Wednesday morning.

Trump calls it the “Winter White House” so that people will see his time there as an extension of his normal work life. In one sense it is: A president is never actually off-duty. In most senses, though, it isn’t. Trump’s calendar is generally clear when he’s at Mar-a-Lago (or at his club in Bedminster, N.J.), with time instead reserved for playing golf.

But Trump consistently wants to give Americans the impression that he’s working when he’s at one of his private clubs. This is the president, after all, who on the campaign trail insisted that he probably wouldn’t have time to play golf if elected. It’s why he always talks about phone calls and meetings that aren’t on his official calendar, taking advantage of the public’s assumption that a president is working 24/7 to provide cover for the time he spends at leisure.

So we get a parade of tweets like these.

[Washington Post]

Trump slams former US intel leaders as ‘political hacks’

President Trump on Saturday lashed out at U.S. intelligence leaders for their conclusion that Russia interfered in the 2016 election, calling them “political hacks” and slamming the investigations into Russian interference as a “Democratic hit job.”

Speaking to reporters aboard Air Force One, Trump blasted former U.S. intelligence officials by name, including former CIA Director John Brennan, former Director of National Intelligence James Clapper and former FBI Director James Comey.

“I mean, give me a break, they are political hacks,” Trump said, according to White House pool reports. He was discussing the U.S. intelligence community’s conclusion that Russia sought to influence the 2016 election in favor of Trump.

“So you look at it, I mean, you have Brennan, you have Clapper and you have Comey,” he continued. “Comey is proven now to be a liar and he is proven now to be a leaker.”

“So you look at that and you have President Putin very strongly, vehemently says he had nothing to do with them,” he continued, referring to Russian president Vladimir Putin.

Trump said that the investigation into Russian interference in the election was a “Democratic-inspired thing” and a “pure hit job.”

Trump went on to say that he wasn’t going to “argue” with Putin about whether Russia interfered in the 2016 election.

“He said he didn’t meddle, he said he didn’t meddle. I asked him again. You can only ask so many times,” Trump said, according to pool reports.

“I can’t stand there and argue with him, I would rather have him get out of Syria, I would rather get to work with him on the Ukraine,” he added.

Multiple U.S. intelligence agencies, including the CIA and FBI, have concluded that Russia did interfere in the 2016 election, and several congressional investigations are currently underway to determine the scale and scope of Russia’s interference.

Special counsel Robert Mueller is also leading an investigation into potential ties between President Trump’s election campaign and Russian officials.

Trump is in the middle of a five-nation, 12-day trip to Asia, and is currently in Vietnam. Trump participated overnight in the 25th Asia-Pacific Economic Cooperation forum in Danang.

[The Hill]

Trump Tells Democrats He’ll ‘Get Killed’ Financially in GOP Tax Bill

President Donald Trump called 12 Senate Democrats Tuesday, hoping to sway them in favor of the Republican tax cut bill, and told them he would personally “get killed” financially by the GOP bill. He said the wealthy need a repeal of the estate tax, according to multiple people who were present.

“My accountant called me and said ‘you’re going to get killed in this bill,'” the president said during a phone call from his trip in South Korea. He was apparently trying to increase Democratic support by claiming the bill would hurt wealthy taxpayers like himself, making the point that only the repeal of the estate tax would provide him any benefit.

Many of those Democrats are from states Trump won in 2016.

After the call with Trump ended, the meeting, which included his legislative affairs chief Marc Short and economics adviser Gary Cohn, turned into a sparring match between Democrats and White House officials over a politically broken Senate and who is to blame, multiple senators who attended the meeting said.

Short confirmed the president’s remarks and said they were part of a discussion on the elimination of individual deductions in the tax bill. Short said the estate tax was a separate issue.

Trump told the Democrats on the phone that he wanted a repeal of the estate tax in the bill because they had to give something to rich people, people in the room said.

“I think that we’ve been advocating for the elimination of the death tax for a while,” Short told NBC News, using the favored Republican term for the estate tax.

Trump, a billionaire, has not released any tax returns and so it has not been possible for the public to assess how this plan could benefit him personally and his family. Senate Republicans are rushing to release their tax cut bill later this week.

Asked to comment on the president’s remarks to the group, White House spokeswoman Sarah Sanders said, “The president did call in and urged senators to support the bill.”

Sen. Sherrod Brown, D-Ohio, said the president told the Democrats “this bill is terrible for rich people, and we (Democrats) don’t really agree.”

An analysis by the Joint Committee on Taxation found that after 2023, people making between $20,000 and $40,000 would see a tax increase. People making $200,000 to $500,000 per year would also see a tax increase after 2023 under the current GOP plan. A repeal of the estate tax would give the wealthy an additional $300 billion dollar tax break.

The House is amending its version of a tax overhaul initially released last week and the Senate is expected to unveil its version of a bill on Thursday. The Senate Finance Committee is expected to move quickly, advancing the measure though the committee process starting Monday, a timeline that Democrats say shuts them out of the process.

Senate Democrats complained about components of the House bill during the meeting, but Short and Cohn told them that the Senate bill will be much different than the House version and that the Senate bill is the one that matters.

The hour-long meeting became increasingly testy when Democrats complained about the process. Republicans have been crafting a bill behind closed doors and have sought no Democratic input.

Sen. Jon Tester, D-Mont., grew frustrated and got into a heated back and forth with Short.

“Give us your input now,” Short told Tester, according to the Montana senator.

Democrats continued to complain about Republicans locking them out of the process, making the argument that true bipartisan tax overhaul should get the support of 70 senators.

But Short responded to their concerns by blaming Democrats for Senate dysfunction because they have held up Trump’s nominees.

[NBC News]

Reality

Donald Trump stands to save over $1 billion dollars in taxes, with his tax reform.

1 65 66 67 68 69 92