Democrat presidential nominee Hillary Clinton has been extremely busy going after Republican rival Donald Trump on taxes after The New York Times revealed that Trump used a perfectly legal tax strategy to mitigate a large business loss by paying no taxes for several years back in the 1990s.
Big problem, though: It seems Hillary Clinton did the same thing, and much more recently.
“There it is. This bombshell report reveals the colossal nature of Donald Trump’s past business failures and just how long he may have avoided paying any federal income taxes whatsoever,” Hillary for America Campaign Manager Robby Mook said in a statement after the loss was announced.
“In one year, Donald Trump lost nearly a billion dollars. A billion. He stiffed small businesses, laid off workers, and walked away from hardworking communities.
Trump “apparently got to avoid paying taxes for nearly two decades—while tens of millions of working families paid theirs.” pic.twitter.com/g62jB9fKr5
— Hillary Clinton (@HillaryClinton) October 2, 2016
“And how did it work out for him? He apparently got to avoid paying taxes for nearly two decades — while tens of millions of working families paid theirs. He calls that ‘smart.’ Now that the gig is up, why doesn’t he go aheadand release his returns to show us all how ‘smart’ he really is?”
There are plenty of problems in that thicket of vitriol. To start with, the evidence that Trump avoided taxes since 1995 is almost nonexistent.
How he “stiffed small businesses, laid off workers, and walked away from hardworking communities” by dropping an unsustainable casino business remains unexplained; apparently, the Hillary campaign believed Trump ought to have kept losing money as a sort of public utility to keep people working. That augurs spectacularly for how Hillary Clinton plans to run our government, don’t you think?
As for a business loss turning Trump into a failure, isn’t this the same Clinton family that left the White House “almost broke?”
Oh, and as for the moral nature of what Trump did, Hillary and Bill Clinton did the same thing.
Check out the Clintons’ tax return from 2015, via Zero Hedge:
In other words, one-percenter Hillary used the same (legal) tax strategy to minimize her tax liability. Who wouldn’t?
Is it just the scale of Trump’s loss that she thinks makes his write-off immoral? Firstly, it was still perfectly legal, and secondly, most people from “hardworking communities” don’t make that money in a decade, much less write it off on their taxes.
In other words, she has a problem with the fact that Donald Trump is running against her. Once again, hypocrisy at its finest.
H/T Mad World News
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