GOP Leader Sucking on the Public Teat -- "Outsider" Trump Built his Biz on $885 Million in Tax Breaks, Grants, Subsidies and Insider Political Connections

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    Sep 18, 2016 4:23 AM GMT interviews over the years, make little mention of a crucial factor in getting the hotel built: an extraordinary 40-year tax break that has cost New York City $360 million to date in forgiven, or uncollected, taxes, with four years still to run, on a property that cost only $120 million to build in 1980.

    The project set the pattern for Mr. Trump’s New York career: He used his father’s, and, later, his own, extensive political connections, and relied on a huge amount of assistance from the government and taxpayers in the form of tax breaks...

    ...Trump has reaped at least $885 million in tax breaks, grants and other subsidies for luxury apartments, hotels and office buildings in New York, according to city tax, housing and finance records. The subsidies helped him lower his own costs and sell apartments at higher prices... is impossible to assess how much Mr. Trump pays in personal or corporate income taxes, because he has refused to release his tax returns...

    ...Trump successfully sued the administration of Mayor Edward I. Koch after being denied a tax break for Trump Tower...decades later, in a lawsuit that spanned the administrations of Mayors Rudolph W. Giuliani and Michael R. Bloomberg, he won a similar tax break...

    ...The tax breaks for those two projects alone totaled $157 million....

    No possible subsidy was left untapped. After the terrorist attacks on the World Trade Center, Mr. Trump lined up a $150,000 grant for one of his buildings near ground zero, taking advantage of a program to help small businesses in the area recover, even though he had acknowledged on the day of the attacks that his building was undamaged.

    Donald Trump is probably worse than any other developer in his relentless pursuit of every single dime of taxpayer subsidies he can get his paws lips on,”


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    Sep 18, 2016 8:02 AM GMT
    Perhaps Trump is just trying to make government smaller - by taking huge chunks of its money. He's the ultimate welfare scrounger. No wonder he won't let those tax returns see the light of day.