Politics have been at the forefront of many conversations over the past few weeks, particularly with the upcoming presidential election. With less than a month to go, the news cycle has been dominated by the candidates, their campaigns, and the various issues that are at stake. As the election draws closer, the political news continues to heat up with new developments and insights into the candidates, their policies, and the inner workings of their campaigns.
The election has been at the center of the news cycle due to the unique circumstances surrounding it. This year marks the first time in American history that a woman, Kamala Harris, is running for vice president on a major party ticket. Additionally, the election is being held under the cloud of the coronavirus pandemic, making the election unlike any other in modern history.
In addition to the debates, the news has been filled with stories about the campaigns of both candidates. There have been reports of President Trump’s campaign struggling to gain traction in key swing states, while Vice President Biden’s campaign has seen a surge in support in those same states. There have also been reports of the two campaigns’ efforts to mobilize voters and get out the vote.
The news has also been filled with stories about the candidates’ policies and their records. President Trump’s record in particular has been the focus of much scrutiny, with reports of his controversial policies and actions during his four years in office. On the other hand, Vice President Biden’s record as a senator and vice president has been praised by many for its progressive approach to various issues.
President Donald Trump’s tax records have been a subject of media speculation and public interest since his 2016 election. While Trump has refused to make his tax returns public, some of his financial records have been released by the New York Times, the Wall Street Journal, and other media outlets.
Trump’s 1995 tax return, which was obtained by the New York Times, showed that he had declared a $916 million loss on his 1995 income tax return. This loss was due to the collapse of his business empire and his real estate investments, which he had heavily leveraged. As a result, Trump was able to use the losses to offset taxes he would have otherwise owed on other income.
In 2018, the New York Times published a report that revealed that Trump had paid just $750 in federal income taxes the year he was elected. The report also showed that Trump had paid no federal income taxes in 10 of the previous 15 years. The report was based on tax return information from the time period from 1985 to 1994.
In 2019, Trump’s tax records were leaked to the New York Times by an anonymous source. The records showed that he paid no federal income taxes in 11 of the 18 years between 2000 and 2017. During this period, Trump reported a total income of $427.4 million and paid $70.1 million in taxes. In 2016 and 2017, Trump paid just $750 in federal income taxes.
Trump has defended his tax records, claiming that he has paid “millions” of dollars in taxes. However, it is difficult to verify this claim since Trump has refused to release his tax returns.
The lack of transparency surrounding Trump’s taxes has been the subject of ongoing criticism from his opponents. The House Ways and Means Committee attempted to obtain Trump’s tax records in 2019, but the request was blocked by the Trump administration. The Supreme Court eventually ruled that the request was legal, paving the way for the House Ways and Means Committee to obtain the tax records.
Despite the controversy surrounding Trump’s taxes, his financial records have provided valuable insight into the president’s finances. It is clear that Trump has benefited significantly from the tax code, and that he has paid a much lower tax rate than many other wealthy Americans.
Finally, the news has also been focused on the inner workings of the campaigns. There have been reports of campaign staff shake–ups and other changes, as well as reports of fundraising efforts and other campaign strategies.
As the election draws ever closer, the political news will continue to heat up, with new developments and insights into the candidates, their campaigns, and the issues at stake. With less than a month to go until election day, it is important to stay informed on the latest political news in order to make an informed decision on November 3rd.
