Nancy Pelosi thought she got the better of Donald Trump.
But it turns out Trump will get the last laugh.
And Donald Trump issued one ultimatum that is going to be bad news for Nancy Pelosi.
Democrats on the House Ways and Means Committee voted to release six years’ worth of Donald Trump’s tax returns.
Trump was under no obligation to release his tax returns when he ran for president and the public obviously did not care as they elected him president in 2016.
But Democrats want to destroy Trump’s 2024 campaign by creating the appearance of constant scandal so they destroyed the right of Americans to keep their financial matters private by posting Trump’s personal and business tax returns from 2015 to 2020 online.
Trump’s tax returns showed something remarkable.
And that was the fact that Trump was the first president in memory to leave the White House poorer than when he entered.
TUCKER SPEAKING THAT TRUTH!!! pic.twitter.com/nC6KL3fO3t
— il Donaldo Trumpo (@PapiTrumpo) December 23, 2022
Barack and Michelle Obama entered the White House with a net worth of $1.3 million.
Thanks to cashing in on their status as former president and first lady their net worth stands at $70 million.
Trump slammed Democrats for releasing his tax returns and warned retribution was on the way.
“The Democrats should have never done it, the Supreme Court should have never approved it, and it’s going to lead to horrible things for so many people,” Trump’s statement read. “The great USA divide will now grow far worse. The radical, left Democrats have weaponized everything, but remember, that is a dangerous two-way street!”
“The ‘Trump’ tax returns once again show how proudly successful I have been and how I have been able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and magnificent structures and enterprises,” Trump continued.
Trump also linked to the American Spectator column by Jeffrey Lord demanding the new Republican majority release Nancy Pelosi’s tax returns.
Pelosi’s second tour as speaker of the House also saw an explosion in her net worth.
The Washington Free Beacon reports:
Pelosi’s portfolio has performed remarkably well during periods of financial turmoil, her financial disclosures show. Her estimated net worth skyrocketed at the onset of the Great Recession, going from $31.4 million in 2008 to $101.1 million in 2010, a 220 percent increase in a window where the S&P 500 decreased by 13 percent. The speaker also reaped a significant return during the COVID-19 pandemic, seeing her estimated net worth jump from $106 million in 2019 to $171.4 million in 2021, an increase of 60 percent.
Americans’ tax returns are private for a very good reason.
Elected officials cannot weaponize the IRS to target their political opponents for embarrassment, harassment, or politically motivated prosecution.
Democrats shattered that norm by releasing Donald Trump’s tax returns.
But because Democrats opened Pandora’s box, they might not like what happens if Republicans retaliate and release Pelosi’s tax returns so Americans can see exactly just how she got so wealthy.
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Back in 2008 Nancy Pelosi reported a net worth of $31.4 million.
That was the first year of the Great Recession.
But Pelosi’s husband Paul turned out to be a miraculous stock picker and Pelosi’s net worth skyrocketed to $101.1 million by 2010.
Pelosi out-performed the stock market by an astronomical amount.
Nancy Pelosi also served as speaker of the House in that time.
Pelosi’s second tour as speaker of the House also saw an explosion in her net worth.
The Washington Free Beacon reports:
Pelosi’s portfolio has performed remarkably well during periods of financial turmoil, her financial disclosures show. Her estimated net worth skyrocketed at the onset of the Great Recession, going from $31.4 million in 2008 to $101.1 million in 2010, a 220 percent increase in a window where the S&P 500 decreased by 13 percent. The speaker also reaped a significant return during the COVID-19 pandemic, seeing her estimated net worth jump from $106 million in 2019 to $171.4 million in 2021, an increase of 60 percent.
Americans’ tax returns are private for a very good reason.
Elected officials cannot weaponize the IRS to target their political opponents for embarrassment, harassment, or politically motivated prosecution.
Democrats shattered that norm by releasing Donald Trump’s tax returns.