Responding to the New York Times’ lengthy investigation of President Donald Trump’s history of fraud and tax evasion, New York City Mayor Bill de Blasio said the city is “looking to recoup any money that Donald Trump owes the people of New York City, period.”
De Blasio told reporters Wednesday:
It’s clear to me that there are real ramifications right now to what has been disclosed, either potential violations of law, or in cases where the statute of limitations has ended that there may be very serious civil penalties that can be applied by both the state and the city. The city of New York is looking to recoup any money that Donald Trump owes the people of New York City, period.
“If a lot of people in New York state had done their jobs, he would never have been President of the United States,” he said separately.
Watch below:
The remark echoed a tweet Tuesday night:
I’ve directed NYC’s Department of Finance to immediately investigate tax and housing violations and to work with NY State to find out if appropriate taxes were paid. https://t.co/AVCJ0VWH3T
— Mayor Bill de Blasio (@NYCMayor) October 3, 2018
Plus interest and penalties.
Thanks mayor. Trump and his family has gotten kind of a pass since the Beame administration.
I applaud this move. I hope he doesn’t stop there. If Trump has done this, it’s likely there are others in the New York real estate menagerie who have done similar things. This is an opportunity to clip the wings of a whole gaggle of douchebags.
Amen. This kind of fraud really irks my elderly Dad. He identifies as just a hard-working man who tried to save a little money to leave his kids and grandkids - it’s his source of pride. And yet, he has to worry that any gift over $15,000 generates a tax which he begrudgingly pays. When he read about the Romney boys each getting $20 million via stocks which were undervalued (probably not illegal but a move only available to those who can afford expensive tax attorneys) or this kind of frequent, untaxed money which Trump received from his father, my Dad just seethes. I’d be surprised that some middle-class Republicans out there don’t find this tax avoidance a bit grating (whether they admit it or not).
Compounded daily or hourly?