Reid gloats: ‘Trump is a billion-dollar loser’

After The New York Times splashed the news that someone had anonymously mailed one of its reporters Donald Trump’s 1995 IRS returns — reporting of which is a violation of federal law, according to American Thinker — Harry Reid posted to his official Senate website a scathing putdown of the Republican presidential nominee.

The Times account says Trump declared a $916 million loss on his 1995 income tax return and speculated that a loss of that amount could legally allow him to avoid paying any income taxes for up to 18 years.

Reid reacted:

“As I was saying.

“Trump is a billion-dollar loser who won’t release his taxes because they’ll expose him as a spoiled, rich brat who lost the millions he inherited from his father. Despite losing a billion dollars, Trump wants to reward himself with more tax breaks on inherited wealth while stiffing middle-class families who earn their paychecks with hard work.

“Trump is over-leveraged and deeply indebted to someone, but until he releases his taxes we won’t know who. The implications for America’s security are severe. The American people deserve to know who has leverage over this man who wants to be president. In the name of the public interest, the Senate should immediately pass the Presidential Tax Transparency Act, which would force all presidential candidates to release their tax returns. If all senators agreed to pass this act for the good of the country, we could pass it in a matter of minutes.”

Reid added insult to insult by calling Trump “a racist, incompetent failure.”

This is from a member of the Club of 100 which votes on treaties and advises and consents on major presidential appointees but who has consistently refused to release his own tax returns.

In 2012, Reid pounded on Mitt Romney to release his tax returns, speculating he had not paid taxes in 10 years. A Reid spokesman said of Reid’s failure to release his returns: “He’s not running for president. …”

This the same Reid who during his 1974 Senate race against Paul Laxalt questioned Laxalt’s ties to Howard Hughes.

Reid challenged Laxalt to reveal his and his family’s finances, according to a Las Vegas newspaper account years later.

Reid held a news conference to hand out his own financial statements and tax returns for himself and his three brothers, challenging Laxalt to do the same.

“Any man or woman who will not be completely candid about his or her finances does not deserve to be in public office,” Reid was quoted as saying by The Associated Press.

Reid on Senate floor calls Trump a Frankenstein.

Reid on Senate floor calls Trump a Frankenstein.


28 comments on “Reid gloats: ‘Trump is a billion-dollar loser’

  1. Nyp says:

    So, Mr. Mitchell, if you were still editor of the Review-Journal, and you got your hands on Trump’s tax returns and they contained information highly relevant to the national election, would you publish?

  2. Nyp says:

    Pleased to hear that.

  3. Vernon Clayson says:

    Why are they highly relevant, because Hillary Clinton’s finances are completely above board, because Harry Reid’s finances have always been above board, bccause Obama’s financial, AND BACKGROUND, records have always been above board???? Trump said he would release his tax records when Clinton releases her 30,000 emails, why don’t we hold her to that and then, if he doesn’t, we should worry about his financial affairs. In any event, he was playing by the rules with his money, it was his to win or lose, not taxpayer money that politicians play with according to whim and lose spectacularly.

  4. Nyp says:

    Hey Vern, you are referring to President Obam’s “BACKGROUND” as what you like to call “a common Chicago street hustler”?

  5. Nyp says:

    BTW, looks like the leaker only provides state returns. Very clever.

  6. Vernon Clayson says:

    Obama’s pre-presidential background records don’t even rise to the speculation level, all we have is what was written in two fanciful books, called autobiographical, he likely didn’t author, Anything usually considered official records are sealed,apparently this includes shutting up people that could, or would, have associated with him. History will find him out, it will also find out dupes like Harry Reid that allowed him to campaign and take office knowing only that he was not too dark and didn’t speak with a Negro accent. Harry’s words, not mine.

  7. Anonymous says:

    So that means that you still consider the President to be a “common Chicago street hustler.”
    Thanks for clarifying.

  8. Rincon says:

    Am I correct that all of Clinton’s Emails have been scrutinized by the FBI? I believe that to be the case.

    If so, Clinton has already released her taxes. Trump has not. Apples to apples says that in order to capture the moral high ground, Trump would have to offer to release both his tax returns AND all of his personal Emails during the same period as Conservatives demand those from Clinton. Then they would be even.

  9. Steve says:

    Actually, Trump would have to release all his government related classified email if you want to have an apples to apples comparison.

  10. Reziac says:

    Billion dollar loser, eh? Has a funny way of expressing it, what with Trump tower and all.

    I read somewhere that he’s started around 500 businesses, of which about 20 have gone bankrupt. That’s WAY better than the average fail rate for business, which is somewhere around half.

  11. Steve says:

    Reziac, Trump is on the board or in an executive position of around 500 business’s. Not the owner. According to a Washpo article some 260 of those have taken the Trump name as a headliner.
    There is a lot of misinformation about Trumps success vs his failures but the reality is probably somewhere in between. Washpo seemed to try and be fair on their story.
    But starting 500 business’s isn’t reality.

  12. You can chalk up the NY Clinton Times story to early voting. This first “October surprise” can be attributed to the states who are already voting! You can expect at least one or more “October surprise” per week until November 8th. Also there is no apples to apples comparison…Hillary was a federal government employee while Trump was a private sector businessman. Also…the FBI has not scrutinized all of Hillary’s so called “personal” emails, they’ve only seen portions of them that were retrieved from government recipients. And if I were Trump…I would refuse to release any tax forms until Hillary releases the transcripts from her paid Wall Street speeches.

  13. Nyp says:

    He has not made that offer, not b/c it is so stupid, but b/c he knows that she would accept

  14. It appears that the NY Clinton Times may have broken the law in publishing this portion of an old tax return because they did so without “affirmative authorization.” Oh and by the way…the NY Clinton Times used the same tax mechanism for losses in 2014 it appears.

  15. Nyp says:

    Funny that you seem so unconcerned that Donald Trump has paid less in tax than a typical cop, construction worker, or newspaper editor

  16. That’s because I’m not a “useful idiot” easily misled with a ring in the nose, all wee weed up by some sensationalist hit piece by a rag like the NY Clinton Times. There is much more this story than meets the eye…but of course the Times wants you to set your hair on fire because he supposedly didn’t pay his fair share of “investments.” Never mind that Hillary used the same kind of loss mechanism on her 2015 tax return! And it’s the same kind of legal tax mechanism that GM, GE, the NY Times, Warren Buffet, Tom Steyer and all the other large corporate entities and leftists routinely use to lessen their federal tax burdens. What this story screams for…is tax reform and simplification. And that will never happen with establishment politicians…from either side of the aisle. It’s high time for someone to take a sledgehammer to Washington DC…Trump is just the guy to do it.

  17. Anonymous says:

    So you are saying that Hillary didn’t pay any taxes in 2015??
    You sure about that?

  18. Steve says:

    Clinton’s are one percenters, Nyp.
    The laws Trump used apply equally to the Clinton’s. In fact, if the Clinton’s didn’t take advantage of US law to pay as little tax as possible, then their message would be they are dumb and Trump really is smart.

  19. Rincon says:

    “Actually, Trump would have to release all his government related classified email if you want to have an apples to apples comparison.”

    Those calling for Clinton to release her classified obviously aren’t thinking straight, since releasing classified documents is illegal; therefore, the only documents they can realistically ask her to release are nonclassified, just like Trump’s.

  20. Rincon says:

    The fact that the Clintons are one percenters isn’t terribly relevant. Being in a group does not automatically prevent one from acting in the interest of other groups.

  21. Steve says:

    “Classified” includes all levels of classification.
    The lowest being public.
    She could easily release those, with no retractions.

    If the Clinton’s didn’t use available laws to limit their own tax liability, just like Rincon does in his own business, then the Clintons are simply ignorant. Moreover, they would have proven Trump really is smart.

  22. For the ladies at the pool in Searchlight…where Harry learned to “swim”…

  23. Rincon says:

    Yes, Clinton could release her “classified public” Emails, just as Trump could release his.

    There’s nothing wrong with Trump taking advantage of the tax laws; therefore, he should just release his tax returns. People might be more put out though, if Trump had spent any lobbying money on buying some of those tax breaks (any bets?)

    With his taxes, he’s being a bit like Obama with his birth certificate, isn’t he?

  24. Steve says:

    Not really the issue I was discussing. I think trump should release tax returns, it’s become a tradition once a front runner for the office.

    But Clinton should be clear, if the law allowed her and Bill to pay zero taxes, ever, then she should own up to it. The Clinton’s are one percenter’s and those same laws apply to them as well as Trump. If the Clintons could have taken advantage of those laws and failed to do so, then the Clinton’s are dumb and Trump is smart. But I think the Clinton’s are dumb like a fox, fully intending to try and hide their own use of those laws and actively trying to keep those laws in place for future use.

  25. Rincon says:

    It wouldn’t surprise me.

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