Just Who Does Trump Owe $421 Million? Is It Russia?

The bombshell New York Times piece which exposed the fact that self-proclaimed billionaire Donald Trump paid only $750 in income taxes in 2016 and 2017, and $0 in the preceding ten years, has sparked a serious debate as to how unfair the U.S. tax code is to working families. Reasonable people will agree that when working families earning less than $50,000 a year have to pay way more in income taxes than a billionaire like Donald Trump, then it’s time to reform the broken and immoral tax code.

The New York Times bombshell however revealed something much more serious than the broken and immoral U.S. tax code and that is, in 2016 when Trump was elected President, he was deep in debt, to the tune of some $421 million. Let that sink in. In 2016, the incoming President of the United States, owed some yet unnamed individuals or organizations or governments, as much as $421 million.

Naturally, this has raised all kinds of national security red flags because it is a well known fact in national security circles that a person deep in debt, is highly susceptible to manipulation or blackmail by his or her creditors. As a matter of fact debt is one of the main reasons most people are denied top security government clearances (cannot access top secret information). The simple reasoning is that a person susceptible to blackmail will be more prone to giving away government secrets.

In Trump’s particular case, there have always been rumors that he has business ties to Americas top geopolitical foe, Russia, which U.S. intelligence agencies have concluded, meddled in the 2016 elections to benefit Trump. The question as to whether Trump is either wholly or partially indebted to the Russian government or known agents of the state, is therefore a totally valid question.

Several leading Democrats are already raising this crucial national security question even though they are not going all the way and implicating Russia.

Trump’s Democratic challenger Joe Biden must really key in on this crucial national security question during their first televised debate scheduled for tonight. Biden must not only insist that Trump disclose his creditors before the elections, but specifically zero in on Russia. Is Trump indebted to Russian dictator Vladimir Putin? Is this the reason Trump refuses to condemn Putin for anything, even when there are credible allegations that he’s paying Afghans to attack U.S. troops, or that he is poisoning his political opponents? If not, Biden should force Trump to condemn Putin’s actions at the debate stage, with millions of viewers tuned in worldwide.

Bottom line folks, even though the New York Times bombshell exposes the glaring unfairness of the U.S. tax code, it is a much bigger deal for the grave national security questions it raises. One only hopes that at the presidential debate tonight, TeamBiden will vigorously and exhaustively pursue Trump over his $421 million debt, and the serious national security questions it raises, especially as it relates to Putin’s Russia.

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You may reach the author via email at author@grassrootsdempolitics.com or author@emolumentsclause.com

Mnuchin Grilled Over Trump’s Tax Returns Double Standard

Treasury Secretary Steven Mnuchin at a Senate Finance Committee hearing on 2/12/2020

At a Senate Finance Committee hearing on 2/12/2020, Treasury Secretary Steven Mnuchin was grilled by Sen Ron Wyden (D-OR) about the apparent double standard stemming from his department’s decision to deny a request for President Trump’s tax returns from House Democrats while at the same time gladly handing over financial records related to Hunter Biden to Senate Republicans.

Sec Mnuchin’s explanation, a plausible one, was that the request for Trump’s tax returns was governed by a different provision from the one governing records request related to Hunter Biden. According to Sec Mnuchin, the records request related to Hunter Biden was a SARS (Suspicious Activity Reports) request which he said Treasury has already released for over 1,000 individuals following requests by both Republican and Democratic committee chairs.

Specifically, Sec Mnuchin said, “The House disclosure of tax returns is subject to protections of 26 U.S.C. 6103 which on the advise of counsel as we documented, we had significant concerns. That’s very different than I believe what you[Sen Wyden] are referring to–SARS requests, which on a bipartisan basis we have responded to thousands ofSARS requests to the committees from both Republicans and Democrats on an equal basis.”

The question for House Democrats going forward is whether they can pin Treasury Secretary Mnuchin to this SARS rationale and get Treasury to release suspicious activity reports related to the Trump family from the myriad banking institutions they have been involved with, especially Deutsche Bank. This might prove particularly interesting given the fact that Attorney General William Barr’s daughter Mary Daly currently works at Treasury’s Financial Crimes Enforcement Unit (FINCEN), which presumably handles suspicious activity reports from the various banking institutions. Was Mary Daly installed at FINCEN for a reason? Hmm

Bottom line folks, getting Trump’s tax returns remains a very high priority for the majority of the American public. However, there are other financial records related to Trump and his family that House Democrats could pry loose using Sec Mnuchin’s SARS rationale, especially records related to Trump’s dealings with Deutsche Bank. Hopefully House Democrats will seize on this great opportunity Sec Mnuchin has unwittingly presented them with.

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You may reach the author via email at author@grassrootsdempolitics.com or author@emolumentsclause.com