After Years Of Claiming Trump Exaggerated His Wealth, Democrats Are Now Claiming He UNDERVALUED His Wealth To Avoid Taxes! – They Want His Tax Returns

After years of attempting to belittle President Trump as not really a billionaire, the left is pulling a 180 degree turn and making the claim that Trump UNDERVALUED his estate in order to cheat the government.

AOC’s line of questioning betrayed Democrat’s tactic, and their ultimate short term goal. The tactic is as stated above, claim that Trump defrauded the IRS by devaluing his estate.

The goal is to get their hands-on his tax returns.

Ocasio-Cortez: Mr. Cohen, I want to ask you about your assertion that the president may have improperly devalued his assets to avoid paying taxes. According to an August 21, 2016 report by The Washington Post, while the president claimed in financial disclosure forms that Trump National Golf Club in Jupiter, Florida, was worth more than $50 million, he had reported otherwise to local tax authorities that the course was worth, quote, no more than $5 million. Mr. Cohen, do you know whether this specific report is accurate? 

Cohen: It’s identical to what he did at Trump National Golf Club at Briarcliff Manor. 

Ocasio-Cortez: To your knowledge, was the president interested in reducing his local real estate bills, tax bills? 

Cohen: Yes. 

Ocasio-Cortez: And how did he do that? 

Cohen: What you do is you deflate the value of the asset and then you put in a request to the tax department for a deduction. 

Ocasio-Cortez: Thank you. Now in October 2018, The New York Times revealed that, quote, President Trump participated in dubious tax schemes during the 1990s including instances of outright fraud that greatly increased the fortune he received from his parents. It further stated from Mr. Trump, quote, he also helped formulate a strategy to undervalue his parents’ real estate holdings by hundreds of millions of dollars on tax returns, sharply reducing his tax bill when those properties were transferred to him and his siblings. Mr. Cohen, do you know whether that specific report is accurate? 

Cohen: I don’t. I wasn’t there in 1990s. 

Ocasio-Cortez: Who would know the answer to those questions? 

Cohen: Allen Weisselberg. 

Ocasio-Cortez: And would it help for the committee to obtain federal and state tax returns from the president and his company to address that discrepancy? 

Cohen: I believe so. 

Ocasio-Cortez: Thank you very much. I yield the rest of my time to the chair.

Ocasio-Cortez: And would it help for the committee to obtain federal and state tax returns from the president and his company to address that discrepancy? 

Cohen: I believe so. 

And that right there is the end game. Cohen’s testimony was largely a pretext for demanding Trump’s tax returns.