Loading...
View in browser MAY 7, 2019 The New York Times reported Tuesday that Donald Trump’s businesses lost more than $1 billion from 1985 to 1994, based on tax information the newspaper acquired.
The Times said it has acquired printouts from Trump's official IRS tax transcripts, including figures from his federal tax form.
After comparing Trump’s information with that of other “high-income earners,” the Times concluded that Trump “appears to have lost more money than nearly any other individual American taxpayer.” Because of his business losses, the newspaper reported, Trump did not pay income taxes for eight of the 10 years.
"Even in the period that was his heydey, he was recording losses year over year," said New York Times investigative reporter Russ Buettner on the 11th Hour.
"Where do you get that much money to lose?" asked Rachel Maddow during her show.
Susanne Craig, who also broke the story for the Times, joined The Last Word and talked about why this reporting is important.
"It's important now because we need to understand the sources of his income... We fully need to understand... This is a person in the White House. He's an elected official and we don't understand the hidden hand. We don't understand who is paying him."
On Tuesday the White House directed former counsel Don McGahn not to comply with a congressional subpoena for documents related to special counsel Robert Mueller's investigation. McGahn had faced a deadline of Tuesday to produce the documents, which has now passed.
According to current White House counsel Pat Cipollone, the requested documents "remain legally protected from disclosure under longstanding constitutional principles, because they implicate significant Executive Branch confidentiality interests and executive privilege," Cipollone said, adding that McGahn "does not have the legal right to disclose these documents."
ICYMI: Videos from MSNBC Today Trump red line failing despite urgency to keep finances opaque Rachel Maddow shares details from a New York Times report that reveal 10 years of President Trump's taxes, and how they show the bleak state of his business affairs from the mid-1980s to the mid-1990s. (Rachel Maddow)
Sen. Chuck Schumer calls McConnell speech 'despicable' Senator Mitch McConnell's speech on the House floor Tuesday, where he ruled the Mueller report "case closed," was "nothing short of despicable," says Senator Chuck Schumer. (All In with Chris Hayes)
FBI Dir. Wray knocks down AG Barr’s claim the Trump campaign was spied on Nicolle Wallace and her panel discuss FBI Director Chris Wray testimony that he has no evidence of any illegal surveillance on the Trump campaignas. (Deadline: White House)
More Videos Pelosi throws shade at Trump, McConnell: Mueller case not 'closed' (The Beat) AP: Trump dreading public testimony by Mueller (Hardball) Kamala Harris: 'Voters are able to distinguish who can best do the job' (Andrea Mitchell) Inslee: Climate change ‘is a health care issue first and foremost’ (MTP Daily) How U.S. relations with Iran got so tense (Velshi & Ruhle) Stephen Moore interview on Fed Board controversy (Ali Velshi) Jill Biden answers questions on Anita Hill during book tour (Andrea Mitchell) Reuters journalists joyfully reunite with families after 500+ days imprisoned in Myanmar (Hallie Jackson) Announcing the release of Mika's new book, 'Earn It!'
Quote of the Day — Senator Elizabeth Warren, while calling out Senate Majority Leader Mitch McConnell on the Senate floor for saying Robert Mueller’s investigation is "closed" (video)
Features INTERVIEW: Buttigieg claims more experience than Trump and Pence, would take on president with 'very different energy.' Pete Buttigieg, the mayor of South Bend, Indiana, and a 2020 Democratic presidential candidate, told NBC News' Craig Melvin he's as "surprised as anyone" to be rising in the primary field. by Allan Smith, NBC News.
ANALYSIS: Experts say China isn't too worried about Trump's tariff threats. The Chinese strategy, one expert said, is basically to let Trump bluster and then resume talking with more serious administration officials. by Corky Siemaszko, NBC News.
What we're watching The Judiciary Committee is scheduled to vote on Wednesday to recommend that the House hold Attorney General William Barr in contempt for defying a subpoena for the full Mueller report and accompanying evidence. As of publication of this newsletter, the Department of Justice is asking the White House to invoke executive privilege over the entire Mueller report and underlying evidence— a defensive move as the Judiciary Committee prepares the contempt vote.
This newsletter was prepped for you by Stephanie Haberman and Wyatt Mayes.
Tell us what you think of the news and drop us an e-mail.
If you received this email from a friend, subscribe to the MSNBC Daily here.
In our last newsletter, we had an errant link on our last video story. The correct link forTrump accused of having a case of ‘dictator envy’is here.
Follow MSNBC
Download the NBC News Mobile App and watch MSNBC
|
Loading...
Loading...