Nancy Pelosi and Chuck Schumer have been grasping at straws for years.
The Democratic congressional leaders are desperate to find anything they can attack President Trump on.
And now, they think they’ve finally got the news they’ve been waiting for.
President Trump did not release his tax returns when he ran for president in 2016, breaking with tradition.
And yet, he was still given the Republican nomination and was able to defeat Hillary Clinton in the general election anyway.
This suggests that voters ultimately cared little about Trump’s tax returns, or what was in them.
But Democrats like Nancy Pelosi and Chuck Schumer remained obsessed about Trump’s taxes.
And after Democrats spent years trying to find a way to get their hands on his tax returns, someone finally managed to do so.
The Daily Caller reports, “Someone leaked 10 years’ worth of President Donald Trump’s tax information to The New York Times, and the paper reported Tuesday that Trump’s core businesses lost $1.17 billion from 1985 to 1994.”
The Times said it received “information contained in the returns from someone who had legal access to it” and “confirmed significant findings using other public documents.”
Democrats claim that the tax returns contain a bombshell that could destroy Trump’s presidency.
“Trump’s chief businesses, including casinos, hotels and retail spaces, lost money every year for the 10 years following his reported losses of $46.1 million in 1985, according to the Times. Reporters Susanne Craig and Russ Buettner contrasted his reported losses with ‘his master-of-the-universe memoir ‘Trump: The Art of the Deal‘’ that came out in 1987,” adds the Daily Caller.
“[Trump] has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990,” the New York Times writes. “But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition.”
“His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years,” reports the New York Times.
Of course, a story about how Trump lost a billion dollars in 10 years seems like a victory for Democrats.
But Trump is firing back.
Charles Harder, President Trump’s lawyer, told the New York Times on Saturday that the tax information was “demonstrably false” and its records “about the president’s tax returns and business from 30 years ago are highly inaccurate.”
After years of trying to find anything to attack Trump on, Democrats are likely celebrating.
But the problem is, these returns were from roughly 30 years ago, and they only cover a period up until 1994, which was a quarter of a century ago.
The average American voter likely doesn’t care at all about Trump’s tax returns from the 1980s and 90s.
In the end, the story will almost certainly be a complete bust for Democrats who are hopeful that it could ultimately bring Trump down.
We will keep you up to date with any new developments in this ongoing story.
