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Rep. Mikie Sherrill (D-Montclair). (Photo: Kevin Sanders for New Jersey Globe)

New Jersey Democrats slam Trump over lack of income tax payments

New York Times report: Tax returns show Trump paid just $750 in ’16, ’17, nothing for many years prior

By Nikita Biryukov, September 28 2020 4:06 pm

Two members of New Jersey’s congressional delegation savaged President Donald Trump over revelations that the real estate developer paid no federal income tax for at least 11 years and paid just $750 into the tax in 2016 and 2017.

“It’s offensive,” Rep. Mikie Sherrill (D-Montclair) said. “It’s offensive to every tax-paying citizen in New Jersey, everyone who cares about their community, about their schools and their roads and their bridges, to see he is flouting the norms and the rules as our president.”

On Sunday, the New York Times released a landmark investigation into Trump’s finances based on 18 years of tax returns provided to the organization.

The documents showed Trump frequently deducted what appear to be personal expenses, including $70,000 for hairstyling for his entertainment media appearances, from his taxes.

Further, they showed that Trump had brought in $73 million in revenue from abroad in his first two years in the White House.

“The other real concern is the amount of foreign income that this has revealed. Who are you beholden to?” Menendez said. “The people of the United States or foreign entities that have their claws in you with the debt that you’ve accrued?”

It also turned up hundreds of millions of dollars in debt and businesses that lost more money than they brought in, to the tune of $100 million lost in 2014 and 2013.

“I guess he’s not such a smart businessman after all, because his debt, $450 some-odd million, what does that say? It says he is the king of debt and that’s why he’s leading the country in debt,” Menendez said. “That’s why we had a $1.5 trillion tax cut for the wealthiest people in the country, people like him who don’t pay any taxes.”

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