nearvideo Alexandria Ocasio-Cortez, questions Cohen on whether or not trump depreciated assets, to evade taxes
Rep. Alexandria Ocasio-Cortez, D-NY, on Wednesday called on President Trump’s one-time personal lawyer, Michael Cohen, if Trump had intentionally devalued to reduce his property, his taxes pay for, to answered those Cohen: “Yes.”
Ocasio-Cortez, a member of the House Oversight Committee, sought to lay the groundwork for the legislature to potentially subpoena employees of the Trump organization — including chief financial officer, believe Selberg, Cohen inaugurated Trump said various maneuvers and receive immunity from Federal prosecutors in New York to testify against Cohen before the public Prosecutor pleaded guilty to Federal campaign Finance violations last August.
“What are you doing, you let the air out of the value of the assets, and then you put in a request to the tax Department for a deduction,” said Cohen, as Ocasio-Cortez asked how Trump tried to reduce his tax burden.
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“And it would help to get for the Committee, Federal and state tax returns of the President and his company address the discrepancy?” Ocasio-Cortez asked.
“I think so,” Cohen answered.
The freshman Congressman cited August 2016 Washington Post report. This report claimed Trump had argued that his Golf course in Jupiter, Florida. Value was not more “than $5 million” for tax purposes, despite informally, the valuation of the property at more than $50 million. When asked whether the report was true, Cohen said that Trump had an “identical” – used the tactics to his golf club in a suburb of Westchester County, New York.
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In response to questions from other lawmakers, Cohen said that he had seen, Trump s, tax returns, but has not participated. Trump broke with decades of tradition for presidential candidates by refusing to release his income tax declarations during his 2016 campaign. He has said he will not let go, because he is monitored, but Cohen said he never received documentation to support Trump.
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Cohen also said that the CFO-oriented Selberg would be best placed to confirm of the bomb in the New York Times report from October 2018, the Trump and his siblings a phony corporation in the 1990s, in order to disguise millions of dollars in gifts from their parents. The report also said that Trump helped his father million in improper tax deductions and formulated a strategy for the market value of his parents ‘ real estate holdings, cut the tax bill, if you were to transfer the properties.
Fox News’ Andrew O ‘ Reilly and The Associated Press contributed to this report.