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.

For those of you very happy with @Emolclause’s activism don’t shy away from the “tip jar” below on your way out.

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

GOP Gutted IRS’ Ability To Go After Rich Tax Cheats

An investigation by ProPublica has revealed that since 2010 congressional Republicans have systematically gutted the IRS’ budget for the express purpose of dramatically reducing its ability to pursue rich tax cheats, while at the same time ramping up the agency’s ability to go after the working poor who claim earned income credit. If there was ever a classic case of GOP’s #WarOnPoverty, this shocking finding by ProPublica certainly is.

Excerpt from ProPublica piece by Paul kiel & Jesse Eisinger dated 12/11/2018

In essence, according to the ProPublica piece, congressional Republicans have gradually and cleverly reduced the number of IRS auditors by shrinking the agency’s budget over the last 8 years(since 2010). As the article correctly points out, congressional Republicans realized that were they to make huge cuts to the IRS’ budget at once, the public/media would catch on to their shameful act. So they cleverly devised the gradual IRS budget cuts that have gone on for the last 8 years, almost totally crippling the IRS’ ability to go after rich tax cheats(usually Republicans).

Excerpt from ProPublica’s 12/11/2018 piece

This troubling ProPublica revelation comes as many working families are getting ready to file their 2018 taxes and yes–claim their earned income credit. It is sickening to learn that as the working poor are looking forward to getting their income tax refunds so they can catch up on their bills, congressional Republicans have primed the IRS to target them with audits, while letting the rich tax cheats avoid IRS scrutiny. This is absolutely sickening and House Democrats and the mainstream media must get to the bottom of this shameful attack on the poor by the GOP.

This chart from the same ProPublica piece says it all. Notice how sharply audits of those who earn $500K or more(typically Republicans) have dropped compared to the other income groups. As the article correctly points out, it is the rich who cheat on their taxes more which means IRS auditors should concentrate more on them as opposed to the poor.

The incoming House Democratic majority owes it to its voters to investigate this troubling state of affairs at the IRS. For the record, the ProPublica piece points out that it is not the IRS that is at fault here but rather congressional Republicans who have made them go after poor filers claiming earned income credit. Nobody is advocating that the IRS turn a blind eye to poor people fraudulently claiming EIC. However it is only fair that the IRS also go after rich tax filers who by far do most of the tax cheating

Bottom line it is in everyone’s interest that the ability of the IRS to go after all tax cheats, rich and poor, is fully restored. Where, as here, Republicans have turned this powerful agency into a weapon to attack poor working families, while at the same time neutering its ability to go after rich tax cheats, House Democrats have a duty to step in and restore the agency to its full investigative capacity. Specifically, House Democrats must fully furnish the IRS with the tools it needs(experienced auditors) to aggressively go after rich tax cheats. It is simply immoral to have this powerful agency go after poor working families while the rich tax cheats get off scot-free.

For those of you very happy with @Emolclause’s activism don’t shy away from the “tip jar” below on your way out.