New York Times Attempts to Slander President Trump Again

From the day that President Trump won the election in 2016, the Democrats and the Mainstream media have tried to continually report bad press against the president. The New York Times, which Trump labeled “fake news” has repeatedly published politically biased, and sometimes flat out wrong, articles. NYT released an article titled “Decades in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses.”

The problem is, all press is good press.

Although the headline would like to paint as negative of a picture as possible, there are many things to consider. Firstly, this is not the President’s Tax Returns. It is “tax information” from IRS transcripts of his 1040 which show only a partial picture. Secondly, this information is from 1985-1994, decades old. Thirdly, those who do not understand complicated business tax proceedings will grossly misinterpret claiming a business loss as failure.

Moreover, approximately $1.17 billion in losses over a decade equal about $100 million a year. If you factor in non-monetary claims like depreciation, that amount gets lower. Again, we are talking about massive amounts of money from many different businesses under the Trump umbrella. There is no way to have a clear picture of what was happening. In addition, who cares what the President’s financial situation was 20 plus years ago?

Nothing to See Here, Business Losses Are Legal

Anyone who has owned a business, even a small business will know that claiming losses is a part of business taxes. The tax law allows certain losses to be claimed. A smart business person will claim all breaks allowed by the law since no one would want to willingly give up more hard earned money than they have to. In America, we can live the Dream, be entrepreneurs, and open our own businesses. Smartly using the tax code to hang on to our money, rather than handing it over to Uncle Sam, is part of that deal. Whether the tax code is fair is not the issue.

In addition, President Trump has multiple businesses. According to information available, The Trump Organization is comprised of about 500 business entities. That is a massive organization. According to the Small Business Association, 30% of new businesses fail within the first two years, 50% during the first five years and 66% during the first ten. To have 500 business entities is a huge success. Moreover, as of March 2019, President Trump’s net worth is estimated at $3.1 billion.

The president responded on Twitter regarding the “hit piece” from the Times. In the time frame evaluated, Real Estate developers were afforded massive write offs in forms that were not monetary. They were able to claim depreciation of buildings and more.

….you would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job! — Donald J. Trump (@realDonaldTrump) May 8, 2019 Archive.is

The NYT Wants You to Believe it is Breaking News

The NYT would like to claim that they broke a news story. However, most of the information they have “obtained” is public information and available to anyone who wants to do the work to obtain it. In addition, then citizen Donald J. Trump has been transparent about his business losses and struggle with debt. He has publicly spoken about being billions of dollars in debt. So, where’s the breaking news story?

The truth is, there is not one. Russia collusion failed. Obstruction failed. Stormy Daniels failed. The hot mic tape failed. Every story the media has tried to spin has failed. They tried to tell us the stock market would crash, yet the economy is booming. They warned us that America would suffer in our relationships with foreign countries, they were wrong. When will the media stop trying to spin a narrative and just report the news?

The answer is never. The left cannot compete with Trump’s economy. Not to mention the progress the President has made in other areas despite the attempt to obstruct him. The media is notoriously Liberal. It seems to be their duty to continue to try to rip the President to shreds ahead of the 2020 election. The problem is, all press is good press. When they put out a fake narrative, it simply fires up the Right to correct it because people are paying attention. It will only get more underhanded from here.