Trump Fails to Deny Tax Fraud Allegations in New York Times Investigation

Instead, he attacked the report as “very boring.”

Ting Shen/ZUMA

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.

On Tuesday, the New York Times published a sweeping investigation into the source of President Donald Trump’s wealth that shattered his claims of being a self-made billionaire who had received little financial help from his family. Along with evidence of “outright fraud” by Trump, the massive expose found that a complex system of dubious tax-schemes helped the president reap at least $413 million from his real-estate mogul father.

Trump is notably not denying the report, either. Instead, in his first response to the damning piece, he appeared to take issue with the exact math behind the Times‘ numbers and the concept of inflation. Trump did not refute the investigation’s serious allegations that he participated in tax-dodging schemes to significantly increase his inheritance and that of his siblings.

He also dismissed it as a “very old, boring” story.

Trump’s reaction on Wednesday is a significant departure from the statement his lawyer provided to the Times that called the report “highly defamatory.” Similarly to the president, the White House on Tuesday also did not directly deny the report. Instead, it claimed that the IRS had approved such transactions. Press Secretary Sarah Huckabee Sanders went on to accuse the paper of ignoring the president’s economic successes for the sake of attacking him. 

Shortly after the piece was published, the New York State Department of Tax and Finance said that it was reviewing the allegations.

https://twitter.com/passantino/status/1047228126651011073

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

payment methods

We Recommend

Latest