Newt Gingrich: ‘Trump Tax Cuts are Vindicated By the NY Times Story’

Fox News contributor Newt Gingrich defended President Donald Trump from what many see as a very damning New York Times report that outlines in grave detail, just how financially unsuccessful Trump’s business dealings were from the mid-80s to the mid-90s.

The nearly a decade of tax data revealed Trump’s business empire lost more than $1.1 billion. He took such a financial hit, the Times reports, that his losses were among the most of any American taxpayers in 1985 to 1994.

While the report did not include information on the Trump tax returns requested by Democrats in Congress, it did add previously unknown context to the president’s financial history using information about Trump’s tax transcripts from the IRS.

While many in the media have criticized Trump’s apparent mythology — calling him out in names that range from “Biggest Loser” to “Con man,” former House Speaker Gingrich had a different take altogether.

“When you lower taxes, there is less reason to create losses for tax purposes. So, in a very real way, the Trump tax cuts are vindicated by the “New York Times” story,” Gingrich proclaimed.

He further added “Every American should ask themselves how sick do you get when the New York Times and The Washington Post go out of their way day after day after day to find an excuse to attack the president? Ainsley: This was the headline in the New York Times Trump tax figures show over 1 billion in business losses.”

Watch above via Fox News.