Read More“It’s not something cooked up in some law firm, it’s something Congress devised,” he said of the tax breaks enjoyed by the real estate sector and investors with capital gains. This means they can report tax losses while earning fat profits. Tax campaigners have long argued the tax break was a giveaway not needed to spur real estate investment and should be abolished. The White House did not immediately respond to an e-mailed request for commentIn a series of Twitter posts, the Republican president responded on Monday to the New York Times report. Trump has not released his tax documents, bucking a decades-old tradition for U.S. presidential candidates to make their returns public.

Source: Irish Independent September 28, 2020 20:26 UTC