During their first debate in September, Mr. Trump said he paid “millions of dollars” in federal income taxes in 2016 and 2017, even though his tax returns show he did not. not done.
At the same time, he also justified why his bills were so small compared to those of average Americans. “It was tax laws,” he says. “I don’t want to pay tax.”
“Before I came here, I was a private developer,” he said, adding, “Like all other private people, unless they’re stupid, they go through the laws, and that’s what it is.”
Indeed, over the years, Mr. Trump has benefited from tax breaks that disproportionately benefit the real estate industry.
Mr Trump also accused Mr Biden of failing to advance his agenda in his nearly half a century as a public servant. But during Obama’s presidency, Republicans repeatedly thwarted attempts to sidetrack the higher income tax system. In 2010, Mr. Obama had wanted to end the Bush-era tax cuts for couples with incomes over $ 250,000, but Republicans backed down and he gave in to their demands as part of a compromise.
The following year, another plan by Mr. Obama to raise taxes for the rich was called a “class war” by Paul Ryan, chairman of the House budget committee. And the following year, Senate Republicans blocked Mr. Obama’s proposal that the super-rich pay at least 30%, a plan that Senate Majority Leader Mitch McConnell dismissed as a “gimmick.” Politics”. Republicans have continued to drop their rhetoric on fiscal discipline as the national debt skyrocketed under Mr. Trump.
“Look, the only people really better off than four years ago are the billionaires who got the tax cuts from Trump,” Obama said in Orlando. He and other surrogates also highlighted a Times report of more than $ 188,000 in taxes Mr. Trump paid from 2013 to 2015 into a previously undisclosed Chinese bank account maintained by the Trump organization.