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Trump’s Real Estate Empire Was Built With Help Of Tax Breaks And Federal Funding

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As Donald Trump again travels to New Hampshire and continues his flirtation with a run for President, a new report from the Los Angeles Times chronicles how “he built his empire in part through government largesse and connections.” The article documents Trump’s efforts throughout the country to continually fight for the lowest taxes possible and, according to a former auditor in New York City, to use “government’s incompetence as a wedge to increase his private fortune.”

Democratic Congressman Jerrold Nadler seems to be a persistent opponent of Trump’s through the years, saying with certain projects Trump “sought to abuse the taxpayer and stretch the law . . . [when he wanted] a massive government subsidy. I said, ‘Listen, Mr. Trump, if you think this is a good project, you spend the money.’” Trump’s crusade to lower his own tax bills was fought outside of New York too, as Trump sparred with local officials in Florida, New Jersey and Nevada to try and retain as much of his company’s earnings as possible.

Although Trump does not seem to shy away from such revelations, arguing, “when I work for myself, I try to make the maximum profit. If I run [for president] and if I win, I will no longer care about myself. I’ll be doing the same kind of things for this country.” If Trump does become a serious candidate, this is likely one of the first of many more articles to come that will focus on Trump’s years of deal-making and potentially questionable business tactics, all of which Trump will have to be ready to defend.

Read the full article at the Los Angeles Times.

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  • skyfet

    Not news, the phonies love corporate welfare but when the working class ask for their Social security (which is their right) or Medicare, the phonies tell them to stop relying on the Govt.

    Shame on you, if you vote against your own self interests. Shame on you, if you buy the crap from the GOP that promised you that maybe one day, just one day, you might be a Millionaire. How do you look yourself in the mirror, when you discovered that you’ve been used?

  • Barack Must Go

    Welcome to ” real ” America where those of us that create the middle class jobs and teets for the dregs ( liberals ) to suckle get to keep a little bit more of our personally, hard earned money once in a while.

  • mitchflorida

    Wow, Donald Trump used tax breaks? I am shocked, shocked.

    So does anyone who itemizes their taxes . .dummy.

  • http://politicallyincorrectlibertarian.wordpress.com PoliticallyIncorrectLibertarian

    So Trump is a bad guy for taking advantage of the system liberals created? Trump has done wonderful things for NYC, when was the last time a politician built anything? Look at the 9/11 hole, something is finally rising after after years of red tape, union fights, and arguments about the design.

    Besides, there’s nothing wrong with the way Trump does things.

    http://libertarians4freedom.blogspot.com/

  • grafxmail7

    Barack Must Go said:
    Welcome to ” real ” America where those of us that create the middle class jobs and teets for the dregs ( liberals ) to suckle get to keep a little bit more of our personally, hard earned money once in a while.

    BWAAAHAHAAAAHAHAAAHAHAAHAHAHAHA!!!

    I’m sure you create a lot of jobs blasting your racist rants on these comment boards 24/7

    What a TEABAGGER CLOWN!!!

    HILARIOUS!!!!

  • http://TheDividedStatesBlog.com Publius219

    And his father, Fred Trump.

  • darladoon

    Barack Must Go said:
    Welcome to ” real ” America where those of us that create the middle class jobs and teets for the dregs ( liberals ) to suckle get to keep a little bit more of our personally, hard earned money once in a while.

    this person obviously didn’t read the article

  • darladoon

    PoliticallyIncorrectLibertarian said:
    So Trump is a bad guy for taking advantage of the system liberals created? Trump has done wonderful things for NYC, when was the last time a politician built anything? Look at the 9/11 hole, something is finally rising after after years of red tape, union fights, and arguments about the design.

    Besides, there’s nothing wrong with the way Trump does things.

    http://libertarians4freedom.blogspot.com/

    again, didn’t read the article

    how can conservatives defend the indefensible?

  • TampopoLoco

    Barack Must Go said:
    Welcome to ” real ” America where those of us that create the middle class jobs and teets for the dregs ( liberals ) to suckle get to keep a little bit more of our personally, hard earned money once in a while.

    You’re on here 24/7 you don’t create shit!

  • JasonMays

    TampopoLoco said:
    You’re on here 24/7 you don’t create shit!

    He created enough of a spark between those two brain cells you have left for you to respond to him.

  • JasonMays

    Congrats Mediate, you took down the latest Democrat poser trying to run as a Republican for president.

    Don’t you have another Rachel Mddow quote to embarass us with? one of her 34 cats was hacking up a hairball and didn’t see it.

  • chatmandu002

    You to can be a Bbbbillllioooonaire, as Steve Martin would say.

  • timcajun

    Barack Must Go says:

    Welcome to ” real ” America where those of us that create the middle class jobs and teets for the dregs ( liberals ) to suckle get to keep a little bit more of our personally, hard earned money once in a while.
    …………………………………………………………..
    So, how does this hypocrisy, not go against the lying dregs ( teas ) vomit of smaller gov. and standing alone?

  • MrTPar_taY

    George Soros who helped bring down the British economy is a very close adviser to oba-Mao. At one time America’s economy was the envy of the world. If any American doesn’t see the destruction being created by adding a nuclear-warhead detonation to a growing fire which was the economy before Obama came in get your head examined.

    oba-Mao “The Great Divider”. Commander in Chief of Seal Team 6. Best friends with convicted anarchist Bill Ayers.

    He has followed the jihadi playbook and continued the war of destroying us from within. I hope we can wake up.

  • am_underground

    Why is this news, everyone knows the wealthy use the taxpayers of this country for their personal piggy bank. That includes your current affirmative action president.

    Please, stay on his hair, that what MSNBC, NBC, CNN, ABC, CBS and any other liberal media outlet is good at.

  • MrTPar_taY

    IMHO they think they will control the election this way.

  • Glackin

    TampopoLoco said:
    You’re on here 24/7 you don’t create shit!

    Sorry, that’s the one thing he does create.

  • Tedderman

    The Donald has other scams too, here in Tampa he got dozens of people to buy into a luxury apartment building then ran off with the deposits. Said he was only lending his name to get the project built. And don’t forget his admitted use of the bankruptcy courts to secure lower payments on properties he already owns. This man is not one to be admired.

  • Tedderman

    aaronmfleszar says:
    May 11, 2011 at 1:19 pm aaronmfleszar(Quote)
    0 4
    THE CIA IS SUPPRESSING THIS WITH THE “OSAMA BIN LADEN KILLED STORY WHICH TRULY IS A CONSPIRACY

    Tedderman says: Look Aaron, when I said you should keep writing your synopsis or treatise, whatever it is, I meant on your own. I don’t need to keep reading it here but if you truly believe what you’ve written then please seek some psychiatric help. I don’t intend for this to be mean but keep writing or go get some help. OK?

  • felixw

    Here’s the measure of Mediaite;

    Mitt Romney — who now has TWICE the following of Trump in the polls — releases an intelligent, hard hitting policy statement today on Obamacare today. This is the most significant preparatory step in his Presidential campaign, dealing with the key questions raised about his policy views. BUT NOT A WHISPER ABOUT THIS STORY AT MEDIAITE.

    Meanwhile, countless trivial Trump stories run almost hourly here. Trump stories must out-number Romney stories on this site by a 100-to-1 margin.

    It’s hard not to conclude that Mediaite ignores substantive challenges to Obama from the right, and only publicizes the ones that they can defuse. Which is exactly what Mediaite (and the rest of the liberal media) did in last year’s election campaign. And the results in November are a matter of public record.

    It’s hard to take a site seriously that pretends to practice journalism, yet runs from big stories and focuses on trivial ones for obvious partisan reasons.

  • jefflg54

    In the (lower case in every sense of the word) donald’s way of thinking greedy overreaching and underpaying taxes , no matter how achieved, is a sign of his “genius”. It is why his run for President is a hoax. In the final analysis, the donald knows how his philosophy will play to the public and he won’t put himself in a position of having to reveal his dealings by running. His thinking is about as deep as his birther nonsense.

  • jefflg54

    Felixw- I am relatively new to Mediaite and I don’t have any tally of articles pro or con anyone. Unfortunately for you and others in your political camp, the Republican field is so weak and uninteresting that the donald’s obnoxious and offensive personality gets attention grossly disproportionate to his political value or potential political success.

  • http://Mediaite.com uggugg

    Why are oil companies charging so much for their oil? Main reason is, because they can. Why can they? Because all the oil companies formed a CARTEL, a Cartel is a group of companies joined together and cooperates to STOP COMPETETION, a sort of clever method of PRICE FIXING. There is abundance of Crude Oil and they continue to raise the price until a large number of buyers stop buying, they then lower the price again until they start buying again. “They call this what the market will bear”. The people using these barrels of oil are (captive customers) which makes the business men suppliers look like greedy hard core profiteers. This does maximize their profits but they are killing the bees that make the Honey. Do they also think; “there are plenty more bees where they came from”?
    The Gasoline prices are pretty much the same. They raise the price of a gallon of gasoline until a large number of people quit buying, then they lower the price until everyone starts buying again. This is a sensible way of arriving at a price for products not related to the necessities of life. Price gouging on products produced for the necessities of life and economic stability and progress should be classed as a heinous act and unethical in all business. On the necessities of Life, people will buy till they go broke or die. That is no civilized way of setting prices.
    The only thing greedy business men understand is legislation. Legislation is like a contract. Every business man will tell you, when doing business never work without a contract. New Legislation should be implemented and adjusted frequently to keep business fair and running smoother.

  • Lolwut

    aaronmfleszar said:
    THE CIA IS SUPPRESSING THIS WITH THE “OSAMA BIN LADEN KILLED STORY WHICH TRULY IS A CONSPIRACY.

    I’ve known a couple of mystery shoppers that made money doing it. Seems legit to me. Not sure how that would be part of some giant conspiracy.. but w/e.

  • njoy-d-ride

    If you think Trump’s is the only empire that “Was Built With Help Of Tax Breaks And Federal Funding”, you’re in for a RUDE awakening. And if you think all of these “empires” were made only by Republicans. you’re in for a RUDER awakening…

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