« Stay Tuned with Preet

CAFE Insider 9/29: POTUS & SCOTUS

2020-09-29 | 🔗
In this sample from the CAFE Insider podcast, Preet and Anne break down the bombshell New York Times report exposing President Trump’s tax returns extending over two decades. In the full episode, Preet and Anne discuss President Trump’s nomination of 7th Circuit Court of Appeals Judge Amy Coney Barrett to fill the Supreme Court seat vacated by Justice Ruth Bader Ginsburg, the politics of the forthcoming confirmation battle, and more. To listen to the full episode, and get access to all exclusive CAFE Insider content, including the newly launched United Security and Cyber Space podcasts, try out the membership free for two weeks: www.cafe.com/insider Sign up to receive the weekly CAFE Brief newsletter, featuring analysis by Elie Honig: www.cafe.com/brief To receive an invitation to the Stay Tuned Live Cocktail Hour with all CAFE hosts, held via Zoom on Thursday, October 1 at 6:30PM ET sign up here: www.cafe.com/preet  This podcast is produced by CAFE Studios.  Tamara Sepper – Executive Producer; Adam Waller – Senior Editorial Producer; Matthew Billy – Audio Producer; Jake Kaplan – Editorial Producer REFERENCES & SUPPLEMENTAL MATERIALS:  “Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance,” NYT, 9/27/20 See omnystudio.com/listener for privacy information.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Hey folks, another busy, weaker, politically charged news making the headlines on Sunday in your times published a report detailing how little in federal income taxes President Trump is paid. Over the past two decades including only seven hundred fifty dollars during his first year as president and on Saturday present. nominated seven Circuit Court of Appeals, Judge Amy Coney Barrett to fill the seed vacated by justice with better Ginsburg, It appears that sent a majority leader Mitch. Mcconnell now has enough votes to proceed with the confirmation process, possibly even before the election. And- and I discuss all this and more on the CAFE insider podcast today- sharing a clip from I said with listeners of stay tuned to hear our full conversation and access. Their Cathay insider content Cutting the newly launched United Security in cyberspace podcast try the membership free for two weeks. You can do that have carried out come slash, insider, that's cafe! I come slash inside
college students with a valid dot either you email qualify for a disco had the cafe dot, com, slashed student- and sign up at a lower rate. Again, that's carried out come slash student. We look forward to having you as a part of the insider community. So there's a big event coming up tells me little nervous gas me to have the debate not another. I'm not talking about the debate. I'm talking about the cafe happy. Our debates I can't be nervous there that yeah, it's important for America, but we just before we get to substantive matters. We should remind people There are going to have a happy hour virtual, bring your own drinks. Beware! Yogi, Thursday October one at six, thirty p m the zoom given to into one should listen. If you already a coffee emails, you should work see that invitation in the coffee brief newsletter.
and if you don't- and you want to hang out with me in an and the other cafe hosts that includes LISA Monaco can Wednesday in John Carlin Electronic Gonna. Carry that calm, slash, preached and sign up, I will send you invitation. The zoom link will be sent on the day of the event a few hours before it begins yeah, and I should alert people that the cars are really fun there. I'm lucky that's an alert. I shouldn't worry is usually that's a warning actually learn that there had to be out of the way they are expecting. A lotta wonky policy line be varied, who attends to be a little more light? Hearted? No, I guess you been worn pre. So again, that's capita comes large free, there is no cost. Is a free service, be warned, there's one fun so before we get to the Supreme Court, which is a dominant using, I think the most important things
happening in the country class get personal question. It always did you pay more than seven hundred fifty dollars in federal income taxes flashed your idea In fact, I can't really Germany Reserve. We will suffer You really think of time, since maybe even college or before college. When I paid that amount of money or less I mean it's, it's that log look it's its astonishing. Pre and I know in I sort of it. I understand but you can't charge people with based solely on a tax return, and so we need eyewash the analysed yesterday being very thought on this, but it stunning and like there. Not many things in life that you have to do is an American. You have to pay your taxes and you have to do jury duty. and if there is a war and their servers herbage yet again, take well yeah. That's your Europe. Personal watch. There's not a lot of things you have to do, and so this is
It really is. I mean it's, it's incredible, striking and and look what talk about there's another time, but I think there are issues of obviously the potential tax right, but also the bank fraud. The investigation that the Manhattan DA's office and the state age in Europe have been doing, and also penal, potentially, thereby conversations about insurance fraud with with some of the transactions are potentially listed, and so I just think there's a lot there for prosecutors investigators to go through an uncertain. Debbie plenty for us to talk about, and the time says that more is coming. So weird I for one case yeah, I didn't put down either. I don't know about you, but that article I like, dropped everything the enclosure you ve been living under a rock. This is the blockbuster in your time story from the last couple of days that talks about all the ways in which Trump has avoided taxes, which is different from evading taxes, and I think that remains to be
in a couple of a stunning things will get onto the Supreme Court. The article noted just based on his time work on the apprentice. Donald Trump made. Four hundred and twenty seven point: four million dollars through twenty eighteen and prior times, made substantial sums of money and yet, though, almost nothing intact, the biggest ten or fifteen years, zero dollars and taxes in twenty six in the year, he was elected in the following year when he was in office, pay only seven hundred and fifty dollars and taxes, and you know a lot of people, including noted, conservative and culture as how this morning said. You know it is not the right talking point and the retort from republican allies of the president to say good for him. Everyone should figure out a way not to pay taxes and take advantage of loopholes, and this is an altar. So it's interesting said any system in which you know I or an ordinary citizen, pays half their income in taxes and a billionaire pays. Nothing is a system that the need of redress right now. I think I think that today,
don't take away, regardless of whether or not there are specific crimes here that the fact that this has gone on and obviously then allowed to go on for decades. Is it shocking and look out? I was fascinated by just reading that even the sort of Mostar massive extreme wealth individuals who look for every tax havens in every possible way to avoid taxes and a pang about twenty four percent they don't pay close to half of their income is as many of us do. They pay a quarter, but still you know Donald Trump you're talking about ten zero taxes for eleven years and for two years, paying hundred seven hundred fifty dollars when you're talking about millions that he showing as as assets as as income. It's unbelievable, and so I couldn't agree more that there is a bigger conversation has to take place here. To look like everything else would alter the, maybe just because women
talk to me. There was one ask about crimes, maybe that happens with you also, but whether that something is a crime, does it mean they're, not other reasons to be deeply concerned about them, and I think the most distressing thing about this is the part of the story that reports, the diaphragm, is potentially deeply in debt and has loans are coming due for which is personally liable to the tune afforded twenty one million dollars most of their coming? Do in the next four years, which would mean it. its reelected during his presidency and is not clearly have the wherewithal to pay it back and so also, but also nuclear mayor who oh, he was that money chair right which what if we could not accept of all right? It's unacceptable that you would have a president that has that level of Liability is basically potential exposure to blackmail to problems whose
be beholden to other people, and we don't know who it is. That is completely unacceptable and by the way, that's why historically, not just president's divest but, like all government officials say vast re ito you left to offer to go to Take it to the? U S. Attorney's office, like I negotiated this a lot when I was eight, either be senior people who work in business or in law who were entering government service. They had to divest and we help them work through like what was required. But you just can't have people out there with existing, you can have you can serve to masters when you serve the people of the United States will put, and by the way, this hopefully business about dull, trumpeting fake news. Your terms is big news. One of his lawyers baseless at every most far too there are false, will those a pretty easy way
with their false yeah releasing really some sort of out of liquor. What one last point, I found the denials very weak for what it's worth and very ino attacking that they were illegal leaks. Never your strongest argument when you're trying to say that something is ensure that the previous reports about from taxes from an earlier period that, unless a long time, the new cycle of this one, because its closer in time, the period its being examined and its close in time to the election and the figures are, I think, even more astonishing. Both the amount of money is paid in taxes, fiddle taxes and the amount of money he potentially owes. Third part,
this makes it a much bigger deal in a much bigger story, and I would imagine it's gonna come up in the debate, but a question I have for. You is obviously the IRS mostly deals with collecting taxes, but there's also a criminal component, and they do Kremlin destinations based on information. They might have about fraud, tax fraud, tax evasion, etc, and I be curious to know of the times has any evidence that the IRS. Aside from having this long time audit has been going on with the presence tax returns in a particular tax refund. He got of seventy three million dollars, They have also open up a criminal investigation because that's the entity to do it right, yeah. Why? Yes, I mean, I think, luck, I think, there's potential Minos. I said bank cried DEC
necessarily be the IRS. You would do bank cried or some other types of white collar fraud. They could be here, but you would expect you would expect yes at the IRS would look at decimate. There are the deductions around consultant peace that look like they were Donald Trump children, the taking of sort of investment property around the seven springs, how in West gesture. That was clearly not used as an investment property. I mean there's a lot of just what I was here like real red flags and I would also just add that irish agents tend to be in my experience. Excellent there there are the sort of upset. You know, they're happy to Vienna in a lake tiny broom cause it with that they're, not gonna from his shape. This description, but like with like stacks and saxo files around them, and they just are like they just work through paper and complex I'm financial arrangements, and so I would sort of suspected that has happened or is happening and an eye.
hope. Actually that today's mean there's so much potentially problematic here, because you point out at the beginning, when your terms has more stories to come in, I was gonna be drumbeat up until the elections. Nice is about the sort of every couple weeks with the denials. I hope you like this of a catholic insider podcast, to listen to we'll never sold and hear more of our Supreme Court coverage had to cafe dot com. flash insider and try it membership free for two weeks interested students with a vow that either you email can had to cafe dot com, slash student too any of you who have chosen to join the insider community. Thank you for supporting our work.
Transcript generated on 2021-09-08.