“I don’t want to pay taxes,” Trump says while challenging NYT report in debate with Biden
“When you look at the amount of money, $ 400 million, it’s a peanut, it’s extremely under-indebted (sic),” Trump told NBC host Savannah Guthrie. “He relies on normal banks, that’s okay.”
While Trump said “leveraged,” he probably meant leveraged, meaning money was borrowed to invest in an expected profitable business.
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Trump has said he does not owe the money to Russia or to a “sinister people.” When asked if he owed it to a bank or a foreign entity, he replied, “Not that I know of.”
Trump dismisses report he paid little or no income tax
When asked directly if he has more than $ 400 million in debt, as the Times claims, Trump replied, “That’s a small percentage of my net worth.
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“It sounds like yes (you confirm,),” Guthrie replied.
There are concerns that Trump’s debt poses a risk to the national security of the United States because it could be used to influence the president’s decision-making.
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“Why would banks take the risk of these loans?” Richard Painter, who served as chief ethics counsel in Republican George W. Bush’s White House Painter, said when the news broke.
“Or did someone else quietly take the risk of this loan for the bank to make it?” ”
Trump has previously said he has “very little debt” and has highlighted the amount of debt compared to his assumed net worth.
When asked if he paid $ 750 in taxes for the 2016 and 2017 tax years on Thursday, Trump said it was a ‘statutory number’ and he thinks it is a “filing number” and claimed the New York Times numbers were wrong.
Vice President Debate: Harris slams Trump over alleged $ 750 tax payment
-With files from The Associated Press
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