[Congressional Record Volume 166, Number 169 (Tuesday, September 29, 2020)]
[Senate]
[Page S5889]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           TRUMP TAX RETURNS

  Mr. SCHUMER. Mr. President, one final matter: Over the weekend, the 
New York Times reported that President Trump paid $750 in income taxes 
in 2016 and nothing in 10 of the prior 15 years, largely because he 
reported losing more money than he made. No New Yorker was at all 
surprised by this report. All the hallmarks of President Trump's career 
before and after politics are there: hyperbole, fraud, avoiding 
responsibility, and pursuing selfish interests above all else. That is 
President Trump in a nutshell.
  The documents obtained by the New York Times showed a long history of 
President Trump's egregious tax avoidance and potentially criminal 
activity and include the astounding figure that the President owes more 
than $500 million--$500 million--in personal obligations. Who does he 
owe that money to? And $500 million is not chump change. Who does the 
President owe $500 million to?
  If President Trump wants another 4-year term as President, the people 
have to know who President Trump is so deeply indebted to. These 
documents reveal that President Trump was an abject failure in business 
and a serial tax cheat.
  We have already heard the President claim the reporting in the New 
York Times is fake. Well, President Trump, put your tax returns where 
your mouth is.
  I yield the floor.
  I suggest the absence of a quorum.
  The PRESIDING OFFICER. The clerk will call the roll.
  The senior assistant legislative clerk proceeded to call the roll.
  Mr. ENZI. Mr. President, I ask unanimous consent that the order for 
the quorum call be rescinded.
  The PRESIDING OFFICER (Mr. Kennedy). Without objection, it is so 
ordered.

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