Economist Podcasts No-tax-and-spend policy: Trump’s tax returns
Sep 29, 2020
James Astle, The Economist's Washington bureau chief, dishes on the latest surrounding Donald Trump's tax returns, revealing astonishing losses and massive debts. He dives into how these financial details could shift the presidential campaign landscape and the implications for Trump's integrity amid audits. The discussion also touches on China's goal for carbon neutrality by 2060, unpacking the monumental challenges ahead, including reliance on coal and the global ramifications of its emissions targets. Plus, insights into Switzerland’s unique political moves regarding the EU add a fascinating twist!
AI Snips
Chapters
Transcript
Episode notes
Trump's Financial Troubles
- Donald Trump's tax returns reveal significant financial losses and debts.
- This raises questions about his business acumen and financial stability.
Trump's Tax Avoidance
- Trump has avoided paying taxes through business losses and creative accounting.
- He offsets personal expenses against business revenue, including home and hairdressing costs.
Trump's Business Losses
- Trump's golf courses have lost over $300 million, and his D.C. hotel over $55 million.
- An IRS audit investigates a $73 million tax refund related to his failed casinos.