Trump – A Fat Leech Bludging On Corporate Welfare


Courtesy of The New York Times:

…But that book, and numerous interviews over the years, make little mention of a crucial factor in getting the hotel built: an extraordinary 40-year tax break that has cost New York City $360 million to date in forgiven, or uncollected, taxes, with four years still to run, on a property that cost only $120 million to build in 1980.

The project set the pattern for Mr. Trump’s New York career: He used his father’s, and, later, his own, extensive political connections, and relied on a huge amount of assistance from the government and taxpayers in the form of tax breaks, grants and incentives to benefit the 15 buildings at the core of his Manhattan real estate empire.

Since then, Mr. Trump has reaped at least $885 million in tax breaks, grants and other subsidies for luxury apartments, hotels and office buildings in New York, according to city tax, housing and finance records. The subsidies helped him lower his own costs and sell apartments at higher prices because of their reduced taxes.

Mr. Trump, the Republican nominee for president, has made clear over the course of his campaign how proud he is that “as a businessman I want to pay as little tax as possible.”

While it is impossible to assess how much Mr. Trump pays in personal or corporate income taxes, because he has refused to release his tax returns, an examination of his record as a New York developer shows how aggressively he has fought to lower the taxes on his projects.

Mr. Trump successfully sued the administration of Mayor Edward I. Koch after being denied a tax break for Trump Tower, his signature building on Fifth Avenue. Two decades later, in a lawsuit that spanned the administrations of Mayors Rudolph W. Giuliani and Michael R. Bloomberg, he won a similar tax break for Trump World Tower, a building on First Avenue with some of the city’s highest-priced condominiums in 2001.

The tax breaks for those two projects alone totaled $157 million.

The tax break at the 44-story Trump International Hotel and Tower at Columbus Circle came to $15.9 million.

No possible subsidy was left untapped. After the terrorist attacks on the World Trade Center, Mr. Trump lined up a $150,000 grant for one of his buildings near ground zero, taking advantage of a program to help small businesses in the area recover, even though he had acknowledged on the day of the attacks that his building was undamaged.

 Hey fat Donnie, the New York taxpayers subsidized you, ya great orange shitgibbon.
Also and too, Josh Marshall has a rather interesting video over at TPM regarding your role in the Birther movement.
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8 Responses to Trump – A Fat Leech Bludging On Corporate Welfare

  1. lindak1961 says:

    Don the Con is a moocher – as Gomer would say “Surprise! Surprise! Surprise!”

  2. I haven’t paid a lot of attention to where the debates will be held. I would hope that at least one, if not all, have NO audience. My recollection of past debates is that audiences have been relatively respectful of the ‘zip your lips’ rules. I’m pretty sure that will never happen this time around. I’d also like an electric zapper applied when the debaters don’t follow the rules. Hillary might get zapped once. Donald will look like Chevy Chase in National Lampoon’s Xmas vacation.

    • . . . speaking of fat leeches . . .

    • Scarsdale says:

      Eeeww! Christie exposed would look much like little Donnie exposed. Have you seen the photo of Crispy in his baseball outfit? He looks like Tweedle Dum. He is kissing up to tRump, big time, hoping to get a pass on all his illegal actions once tRump becomes President. Maleria has been out of sight. I wonder if she is getting plastic surgery to appear more First Lady ready? Her past will continue to haunt her.

  3. Some days it’s hard to be an optimist. This piece hits waaaayyyy to close to home. How can this be happening ? I watched FTN yesterday and was flabbergasted by Kelly Conway and Preibus. How do they sleep at night ?

    • irishgirl999 says:

      “Do Trump’s supporters buy all that? It’s not even the right question anymore. They know it’s ludicrous, but they’re having the time of their lives. To those who support him, there is literally nothing that Trump says or does that they won’t find a justification for. Tell them about how he scammed struggling people out of their money with his various schemes, and they say, hey, he was just being a businessman. Present them with his repellent views and statements, and they say, he just tells it like it is. Show them how many hundreds and hundreds of lies he’s told, and they say, shut up because Hillary’s the real liar.”

      I’m scared.

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