New York Times

$170 billion in tax savings that could benefit Trump tucked into economic rescue package

The federal government’s planned $2 trillion economic rescue package includes financial aid for individuals and industries that are struggling to survive the coronavirus pandemic.

It also includes a potential bonanza for America’s richest real estate investors.

Senate Republicans inserted an easy-to-overlook provision on page 203 of the 880-page bill that would permit wealthy investors to use losses generated by real estate to minimize their taxes on profits from things like investments in the stock market. The estimated cost of the change over 10 years is $170 billion.

Under the existing tax code, when real estate investors generate losses from gradually writing down the value of their properties, a process known as depreciation, they can use some of those losses to offset other taxes. The result is that people can enjoy big tax breaks stemming from only-on-paper losses, even if they enjoy big cash profits in the real world.

March 26, 2020
Washington Post

Intelligence agencies issued classified warnings in January, February while Trump played down coronavirus

U.S. intelligence agencies were issuing ominous, classified warnings in January and February about the global danger posed by the coronavirus while President Trump and lawmakers played down the threat and failed to take action that might have slowed the spread of the pathogen, according to U.S. officials familiar with spy agency reporting.

March 23, 2020
36
A nationwide review ... identified at least 36 criminal cases where Trump was invoked in direct connection with violent acts, threats of violence or allegations of assault.
ABC News, 08/14/19
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Trump’s campaign was in “repeated contact with Russian intelligence sources.” Dots so big they basically connect themselves.

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