‘Hit job’: Trump responds to New York Times story that he lost almost $1.2 billion over decade

John Santucci and Mark Osborne of ABC News –

President Donald Trump is still fighting Congress over the release of his tax returns, but a new report on Tuesday analyzing his official Internal Revenue Service tax transcripts, with the figures from his federal tax forms, shows he lost over $1 billion from 1985 to 1994.

The documents show Trump’s businesses lost $1.17 billion over the 10 years, including $46.1 million in 1985 and hundreds of millions by the time of his much-publicized early-1990s financial collapse, according to a report in The New York Times, which acquired the tax documents.

The president has often portrayed himself as having a “golden touch” in all businesses during the 1980s, before fighting back from serious financial debt — due to struggles with his casino business — in the 1990s. His infamous book, “The Art of the Deal,” was released in 1987, right in the middle of the years covered in the tax documents.

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About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Known as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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