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Added on the 04/04/2019 08:51:25 - Copyright : Wochit
President Donald Trump has waged an all-out war against the election results. Several Republicans have waged lawsuits in multiple states seeking to overturn the election results. Sen. Mitt Romney said it would "madness" for Republicans to protest the vote certifying the election for Joe Biden. "We have a process, recounts are appropriate, going to the court is approp & pursuing every legal avenue is appropriate." "Trying to get electors not to do what the people voted to do is madness."
President Donald Trump's tax returns are shrouded in mystery. The New York Times wrote a series of articles, based on copies of Trump's returns they were able to obtain. On Thursday, Trump did a town hall on NBC. He was asked about his taxes. CNN reports that Trump made several revelations during the town hall about his taxes. 1) Trump does have more than $400 million in loans coming due. 2) Trump won't say whether he has loans with foreign banks or foreign governments. 3) Trump is under audit (still). 4) Trump seemingly only paid $750.00 in taxes in 2016.
According to Business Insider, on Thursday, President Donald Trump responded to a town hall question about a New York Times report which revealed that he only paid $750 in federal income taxes in 2016 and 2017. The report also revealed that Trump paid no income tax in 11 of the 18 years of tax documents that they reviewed. Trump refuses to release his tax returns, saying it's because he is under audit, although there are no rules against it. He also accused the Internal Revenue Service of treating him unfairly. When it comes to his debt, Trump did not deny having $400 million worth of it. He said, "Four-hundred million dollars compared to the assets that I have, all of these great properties all over the world." Trump added, "The amount of money – $400 million, is a peanut." The president did not say to whom he owed the 400 million to, but claimed that he did not owe any money to Russia.
A Credit Suisse analyst says that if Joe Biden wins the US presidential election in November, it could spur a 'knee-jerk' pullback in the stock market of 5%. According to Markets Insider, senior investment strategist Suresh Tantia said that was due to the Democratic nominee's stance on corporate taxes. However, Tantia said investors should look at such a pullback as a buying opportunity, as Fed support will keep driving markets after the election. The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks. Suresh Tantia, Senior Investment Strategist Credit Suisse Tantia's tip for traders? Investors should seek out equities in Asian markets, as they are cheaper than US stocks and have strong earnings.
Images of the United States Supreme Court the morning before it is expected to release its decision on whether or not Donald Trump can refuse to hand over his financial records to Congress and New York prosecutors simply because he is president of the United States. IMAGES of the Supreme Court
Republican presidential nominee Donald Trump confirmed that he used a multimillion dollar loss to avoid paying personal federal income taxes. Rough Cut (no reporter narration).
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