A sensational story appeared in one of the nation’s oldest newspapers about the president’s private financial records, prompting him to fully disclose the information as soon as possible.
President Donald Trump is challenging a New York Times article that accused him of not paying any personal income tax in 10 out of the past 15 years. The paper also claimed he paid $750 in federal income taxes in 2016 and a further $750 during the following year according to Reuters.
After repeatedly refusing to release eight years of tax returns to the Democrats, the president believes now is the time to come clean and finally set the record straight on whether he met all of his tax obligations.
“It is totally fake news, made-up fake … totally fake news,” he said in a video shared by Reuters. “Actually, I paid tax and you will see that as soon as my tax returns [are made public.] It is under audit, they have been under audit for a long time … and when they are not I would be proud to show [them.]”
The remarks came after the Democratic Party subjected the president to four years of political and judicial pressure to force him to disclose personal financial information. The matter is still before the Second U.S. Circuit Court of Appeals in New York City where Manhattan District Attorney Cyrus Vance is believed to have already obtained the tax returns.
RedState accused 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, they ‘over two decades.'”
The Oval Office blames both the paper and Internal Revenue Service (IRS) for breaching the president’s privacy.
“The IRS does not treat me well, they treat me like the Tea Party … [and] very badly,” the president said. “The New York Times tried the same thing, they want to create a little bit of a story … I think somebody said they were going to do a negative story, they always do, they only do negative stories.”
The president previously warned releasing his private information from accounting firm Mazars USA would expose him to “irreparable harm,” and the U.S. Supreme Court should intervene in Vance’s subpoena for the tax returns, a Reuters report said. He is appealing against the U.S. district court’s failure to block the subpoena.
Manhattan Judge Victor Marrero previously upheld a grand jury subpoena from Vance to collect the information, even though doing so would be “wildly overboard” and issued in bad faith. Marrero feared granting presidential immunity to the subpoena could constitute “undue expansion.”
“Justice requires an end to this controversy,” he said in his 103-page judgment, according to Reuters.