Donald Trump has held 32 events at Trump properties in 16 months of running for President
Today, Hillary Clinton returned to Florida to layout what’s on the ballot this election — an economy that works for everyone not just those at the top. She shared her vision for more good jobs, economic fairness and how to bring Americans together. Meanwhile, Trump spent the morning promoting the opening of his new hotel, making this the 32nd event at Trump properties in 16 months of running for president.
From his using his presidential campaign to promote his business, to a decades-long practice of stiffing small businesses, to outsourcing jobs, to his proposal to cut taxes for billionaires like himself at the expense of everyone else, Trump’s self-serving agenda is clear. America deserves better than Trump – a candidate who would rather line his own pockets than prioritize our economy, businesses, and workers.
Donald Trump’s trickle-down economic tax plan would include cutting taxes for billionaires like himself and his family, at the expense of everyone else.
Trump has doubled down on his promise to repeal the estate tax, which would give his own family as much as a $4 billion windfall. Just think about what we could do instead with that one $4 billion windfall alone, which is just for Donald Trump’s family, if we invested it in America.
Trump’s plan includes a massive loophole that gives many millionaires and billionaires like himself a backdoor tax cut, letting them pay less than half the current tax rate on a substantial portion of their income.
Trump claims his tax cuts would be paid for by economic growth – but they come at the expense of hardworking Americans. Far from growing the economy, experts on both sides of the aisle predict that Trump’s plans would risk a recession.
Trump’s tax plan is a bait and switch – he claims he’ll protect middle class families, but what he actually does is give huge tax breaks to the rich while raising taxes on at least 8 million middle-class families.
Trump called his tax avoidance “smart.” Trump’s tax avoidance is not smart – it means $0 for first responders, $0 for education, $0 for veterans and $0 for our military.
New York Times: “Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years.”
New York Times: “Donald J. Trump explicitly acknowledged for the first time during the first presidential debate that he used a $916 million loss that he reported on his 1995 income tax returns to avoid paying personal federal income taxes for years.” Trump’s business failures eventually led to multiple bankruptcies of his companies, which were devastating for his former employees and small contractors. Trump continued to earn millions.
Trump’s business failures eventually led to multiple bankruptcies of his companies, which were devastating for his former employees and small contractors. Trump continued to earn millions.
New York Times: “But even as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.”
Wall Street Journal: “An analysis by Temple University law professor Jonathan Lipson ranked Trump-branded casinos ‘the worst’ among their peers when it came to jobs over a 14-year period. Mr. Lipson, a bankruptcy scholar, found that Trump casinos shed some 7,400 jobs between 1997 and 2010. That works out, on average, to job losses per casino of 900—37% higher than at other Atlantic City gambling venues in the same period.”
No business person or contractor has proven too small for Trump to stiff, no single parent or retiree too in-need to escape the target of Trump University’s scams. The truth is that Donald Trump’s business antics have spelled disaster for countless working people and small businesses.
Trump has repeatedly refused to make good on his obligations to pay small businesses and contractors for work – from Marty Rosenberg, whose family business was paid hundreds of thousands less than it was owed for its work at Trump’s casino, to Andrew Tesoro, the architect of one of Trump’s golf course clubhouse who was told by Trump’s lawyers to accept pennies on the dollar or he’d be tied up in court for years.
Trump doesn’t buy American-made and his own products are outsourced.
The products that are branded with Trump’s name are outsourced from at least 12 countries. That doesn’t include the products used in his hotels and casinos, from bed linens made in Italy to furniture made in China.
Trump has used his campaign to promote and funnel money into his businesses.
Politico: “Trump’s Campaign Paid His Businesses $8.2 Million”
Politico: “Trump has used the campaign itself as a marketing platform to promote everything from the difficult-to-find Trump Steaks to his golf courses and a new Washington hotel. Trump’s tangle of businesses has raised concerns about the potential for conflicts of interest should he win the presidency, while the Trump-branded campaign has drawn mockery and allegations of pocket-padding from Trump’s critics.’”
Huffington Post: “Donald Trump used small donors’ money to buy nearly $300,000 worth of books from the publisher of his Art of the Deal last month, continuing a pattern of plowing campaign money back into his own businesses.”
@KatyTurNBC: “After this morning’s ribbon cutting, Trump will have held 32 events at Trump properties in 16 months of running for President”
Today, Trump is Washington, DC to open a new luxury hotel where he unsurprisingly used undocumented workers to make his project cheaper. He even sued the District of Columbia in an attempt to pay lower taxes for the property.
Washington Post: “[A] Trump company may be relying on some undocumented workers to finish the $200 million hotel, which will sit five blocks from the White House on Pennsylvania Avenue, according to several who work there.”
Politico: “The city of Washington, D.C., is fighting Donald Trump’s legal drive to cut his tax bills for the luxury hotel he’s set to open in the Old Post Office Building next month … Attorneys for the Republican presidential nominee and real estate mogul contend that the roughly $1.7 million annual tax bills for the development for 2015 and 2016 were too high.”