NYT: Trump paid just $750 in federal taxes in 2016 & 2017; Trump announces plan to deploy 150 million rapid tests to states; Democrats prepare for Trump to disrupt the election; Some senate Dems say they won’t meet with Trump’s nominee;

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 28 September 2020

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

NYT: Trump squandered millions, faces crippling debt, Trump & his company wrote off $70k for hairstyling, $750k to Ivanka Trump for consulting fees; NYT: Trump has reduced tax bill with “questionable” measures, including a $72.9 million tax refund, Trump owes 300 million in loans, due within four years; Trump denies NYT investigation, says he was “entitled, like everyone else, too depreciation & tax credits”; Biden campaign: Trump taxes show how this race is between “Park Ave and Scranton”; Trump ducks questions ad NYT reports he avoided paying taxes for years; CDC: Redfield and Atlas have “different positions” on masks, youth infections & herd immunity; WH on Redfield comments: Trump consults with many experts who sometimes disagree; Nearly half of U.S. states report upward trend in new cases; Dems fear Trump will use his office to guarantee election win; Dems brace for possible doomsday election scenarios, including Trump claiming victory before mail-in votes are counted; Surge in ballot requests setting records across the U.S. More than 3M ballots already requested or mailed out in AZ; Arizona allowing curbside voting, ballot drop boxes; New ransomware attacks raise more concerns about safety of local, state election systems; Biden: confirming Barrett would be “betrayal” of “single quality America is born and built on: the people decide”; Sen. Durbin: Barrett should recuse herself from any election cases; NYT: Trump’s taxes show massive debts, years of tax avoidance; Russia’s “propagandist-in-chief” on Trump & U.S. elections; Russia’s top state news anchor gives window into how Kremlin views U.S. election; To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This is CNN breaking news.
0:04.0	Welcome to the lead. I'm Pamela Brown in today for Jake Tapper and we begin this hour with the politics lead.
0:10.0	President Trump dismissing the stunning report from the New York Times that found that Mr Trump paid no federal income tax for much of the last two decades.
0:18.5	In 2016 and 2017, he paid just $750 each year compared to the average American tax burden of about
0:27.2	twelve thousand dollars and though the president touts his business since the
0:31.4	times also found the Trump businesses have been
0:33.8	losing huge amounts of money helping lower Trump's taxes and one 72.9 million
0:40.0	dollar tax refund is the source of an IRS audit. As CNN's Caitlin
0:45.0	Collins reports President Trump today claim a story is false though he says he's
0:49.1	entitled to tax cuts just like everyone else.
0:55.0	It's totally fake news. As President Trump is lashing out over a damning New York Times report about the dire state of
0:59.7	his finances, his A's are claiming it's a last minute hit job before the first debate.
1:05.0	We've seen this play out before where there was a hit piece about the president's taxes
1:10.0	just before a debate, an accurate one at that.
1:14.0	The president has paid lots of taxes,
1:17.0	but the point is that why would anybody pay more than they owe?
1:20.0	Neither his staff nor the president have provided any documents to refute what the New York Times is reporting,
1:26.4	including that he only paid $750 in federal income taxes in 2016 and 2017 despite the millions that he earned.
1:36.0	Actually I paid tax and you'll see that as soon as my tax returns it's underrodd it They've been underrodded for a long time. The IRS does not treat
1:46.2	me well.
1:47.2	That number not only pales in comparison to most Americans, but also to past presidents, who all paid tens of thousands of dollars in federal
1:55.9	taxes.
	...

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