The president's son said average Americans 'don't understand' how taxes work when you run a business, following a New York Times report on his father paying little or no federal income tax for years.
for even investigating his father's taxes and demanded it report on alleged financial dealings between Hunter Biden and Russia. He echoed the sentiment expressed by several of his father's most ardent supporters that Trump was simply taking advantage of tax advantages for wealthy business owners.co-host Brian Kilmeade at one point asked Trump,"You guys only paid $750 [each year] in taxes and the NYT report goes on and on for days.
"That was literally a government contract. We bid against every hotel company in the world, historical tax credits that you use to offset tax payments for taking the risk to build that. That was done under the Obama administration. It literally took an act of Congress to get it done. So with that comes historical tax credits. That's the reality. People don't understand what goes into a business," he continued.
Both the president and his oldest son took to Twitter to defend their real estate organization Monday."Democrats are mad at Trump because he followed the tax laws passed by the Obama administration," right-wing provocateur Mike Cernovich remarked in a tweet shared by both Trumps. The two also shared articles alleging Hunter Biden, son of presidential nominee Joe Biden, has shady business dealings with Russian oligarchs.
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