Democrats zero in on New York Times investigation into Trump’s wealth and once again push for his tax returns

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  • 4th October 2018
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Democrats are zeroing in on The New York Times’ Tuesday investigation into President Donald Trump’s wealth, once again pushing to obtain the president’s tax returns.

The Times’ investigation found what it described as “dubious tax schemes” in the 1990s that even included “instances of outright fraud” Donald Trump participated in to enhance the fortune his parents passed on to him. Its reporting countered Trump’s narrative that he is a self-made billionaire who built his own empire.

While The Times was not able to review Trump’s personal tax returns – which he has refused to release, breaking with decades of precedent for presidential nominees – the publication said it examined a “trove of confidential tax returns and financial records” showing that Trump received at least $413 million in today’s dollars from when he was a child through the present day.

Democratic Sen. Ron Wyden of Oregon, ranking member of the Senate Finance Committee, said in a statement that he would renew his request for the committee to obtain Trump’s tax returns when the new Congress convenes in January whether Democrats “are in the majority or the minority.”

“A decision on what to do with those documents will be made when the Committee has reviewed them,” he added.

In a Wednesday letter to Internal Revenue Service Commissioner Charles Rettig, which was obtained by Business Insider, Wyden called on the commissioner to investigate the allegations put forth in The Times report. In particular, Wyden highlighted the “All County Building Supply & Maintenance” company, which The Times reported was formed by the Trump family in 1992 to siphon millions from Fred Trump’s empire by marking up purchases that were already made.

The Times described that company as a sham that was “the most overt fraud” scheme the Trumps engaged in.