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Why does it matter
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From the mouth (or small fingers) of Trump himself:
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To answer the question....
ONLY EVERYTHING. |
With all the fuss about Trump's tax returns, one would think the Democrats would be passing a law that made it mandatory for elected officials to open their books on where their money comes from.
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At least 3 states will not allow him to appear on the ballot if he does not show them.
I had to think about this for a moment... And I can't find a reason this would not be allowed. States get to set their voting rules by themselves and must live up to them on day of election. But still I see perhaps one more SC fight. In any case, I think it is a bad idea in president. But perhaps glad it will likely be tested now and know what the standard is going to be as it can be changed. But it is one of those issues the right may have problems fighting since they are always claiming states rights (when it suits them). Example being stripping states rights to regulate their interest rates for credit cards and drinking age etc. |
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The IRS investigates tax fraud. The IRS does not investigate insurance fraud or bank fraud. If Trump's business collected a million dollars in a insurance claim but there was no damage, that's insurance fraud. If Trump applied for loans and made himself out to have four or five times more in assets or cash on hand compared to what he really had, that's bank fraud. The IRS isn't looking into if Trump has any financial connection to any businesses that might be used to build a wall. And no, this is not the kind of hing done in authoritarian countries. Every candidate in the past forty years has released their tax returns. They do this to ensure the public they do not have any conflicts. What exactly is Trump hiding? Newsflash for Republicans... His tax returns are coming out. Maybe not next week or next month or next year, but all of this is going to come out eventually. |
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The way I read the law, it is legal for congress, or at least intelligence committee of the House and or Senate, to review them, but not release them to the public and commence investigations based on the findings. But eventual release of parts that lead to high crimes or misdemeanors would have to be made public. But it has to start with a reasonable suspicion of a crime to bring those tax returns into question. It requires a chain of evidence to take you to those returns. But congress is using some other older statue to do the same. perhaps a little cleaner with respect to a challenge in the SC. |
:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh
Sanders told “Fox News Sunday” host Chris Wallace that she thought members of Congress “weren’t smart enough” to understand Trump’s tax returns. “This is a dangerous, dangerous road,” said Sanders. “And frankly, Chris, I don't think Congress, particularly not this group of congressmen and women, are smart enough to look through the thousands of pages that I would assume that President Trump’s taxes will be.” |
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Quite honestly, I think it is his debt structure and the way he has went about it.
Some of that could be illegal ? But I'm sure he has been lying to those financial institutions and perhaps those in other country's. But more important, the level of debt probably puts him at risk of undue influence. That part needs revealed publicly to be sure judgements are fair and by the voters only, provided no wrong doing is found. |
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He is lucky if he can maintain the interest payments on it. Rates go up a quarter point, he needs new loans to cover for it on top of new loans to maintain it. Undoubtedly, this will unravel sometime soon. But while he is still POTUS ? Probably not. It will come when nobody will give him new loans or interest spikes to much to soon. But in a way, the banks will not take action even if they now know. Realizing the losses would devastate them. As long as he maintains those interest payments, all is good. There are to many eyes on him for him to make many of the plays he might have, many have to be disclosed while in office. And if you have been paying attention, he seems overly concerned with interest rates. Lying about the value of assets would be top on the list. |
They want to use it against him to make the poor liberals be more jealous
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Just keep in mind, when those bank loans go south, it will be a chain reaction just like Bernie Madoff.
But guess who pays for the Billions down the tubes... You do in many different forms from the banks trying to make up for the losses and not limited to tax revenue you will need to offset eventually. If congress does not get it now, everyone else will when he is no longer POTUS. But it is coming. His biz days are over when he leaves office. |
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