An elected official responsible for ensuring the Democratic Party passes legislation in the House called that the money the president privately owes a threat to national safety.
House Speaker Nancy Pelosi (D-Calif.) strangely compared President Donald Trump’s personal debt to significant national security risks like terrorism, war, or even espionage.
“This president appears to have over $400 million in debt, $420 million, whatever it is, million dollars in debt–to whom? Different countries? What is the leverage they have?” she told MSNBC’s “Andrea Mitchell Reports” program. “This is a national security question and in addition to which, it is so strange that in 2017 the president paid $750 in federal taxes, and he paid over $300,000 in taxes to other countries that we know of—it may be more.”
Pelosi claimed she had a moral objection to letting the president run the country because she is an “intelligence person.”
“I do know that if there is a review of somebody—if they are going to be federally appointed to a job or whatever,—if they have [an] outstanding debt that is an important factor,” she said. “That means somebody else has leverage over them … so, again, let us come back to: ‘We take an oath to protect and defend.’ This president is the commander-in-chief, he has exposure to the tune of hundreds of millions of dollars to whom? The public has a right to know.'”
The remarks came after a sensational New York Times article accused the president of not paying any personal income tax in 10 out of the past 15 years.
According to Reuters, the paper also claimed he paid $750 in federal income taxes in 2016 and a further $750 during the following year.
RedState accused Manhattan District Attorney Cyrus Vance or one of his subordinates of leaking the documents to The New York Times.
“We know Vance has obtained all of the financial records Trump had on file with Deutsche Bank, his primary lender,” RedState Managing Editor Streiff said. “We know Deutsche Bank complied with the subpoena and, via the New York Times, we know that these records go back into the 1990s or, in the parlance of the day, ‘over two decades.'”
The Oval Office is denying the allegations and has now decided to release eight years of tax returns and set the record straight on whether the president met all of his tax obligations.
“The fake news media, just like election time 2016, is bringing up my taxes and all sorts of other nonsense with illegally obtained information and only bad intent,” the president said on Twitter. “I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation and tax credits, also if you look at the extraordinary assets owned by me, which the fake news has not, I am extremely under leveraged—I have very little debt compared to the value of assets.”
President Trump also believes he is the “only president on record” to forgo his entire annual salary.
“Financial statements, from the time I announced I was going to run for president, showing all properties, assets, and debts,” he said. “It is a very impressive statement, and also shows that I am the only president on record to give up my yearly $400,000-plus presidential salary.”