Lightfoot ‘disturbed’ by reports of Trump’s tiny income tax tab

“It doesn’t seem right and it explains why he’s going to great lengths to avoid allowing us as members of the public to take our measure of whether or not he’s living up to his responsibilities and his fair share,” the mayor said Monday.

SHARE Lightfoot ‘disturbed’ by reports of Trump’s tiny income tax tab
Mayor Lori Lightfoot at a news conference in December 2019.

Mayor Lori Lightfoot was not amused by information reported over the weekend that allege President Donald Trump used huge business losses to avoid paying very much in income tax in recent years.

Ashlee Rezin/Sun-Times file

News reports that President Donald Trump recently has paid as little as $750 a year in income taxes are “extraordinarily troubling,” Chicago Mayor Lori Lightfoot said Monday.

The New York Times has published the results a lengthy investigation into Trump’s tax records. Among other things, the report detailed huge business losses which allowed him to pay little in income taxes.

“When I think about the sacrifices that everyday Americans make to work their tails off just to put food on the table, clothing on the backs of their kids and to have shelter, and for someone to use every act possible not to pay his fair share and act like he’s this incredibly successful business man — disappointing is not the right word,” says Lightfoot.

Lightfoot added that the news puts a tax cut pushed through by Trump and a GOP-controlled Congress into new context.

“It doesn’t seem right and it explains why he’s going to great lengths to avoid allowing us as members of the public to take our measure of whether or not he’s living up to his responsibilities and his fair share,” she said.

“It puts the whole tax bill that he pushed through in a whole new light. I think it is extraordinarily troubling.”

Trump has fiercely guarded his tax filings and is the only president in modern times not to make them public. The Times reported he has paid no federal income taxes in 10 of the past 15 years.

The Times said it based its reporting on tax return data it obtained extending over two decades. Some details reveal a series of financial losses and income from abroad that could come into conflict with his responsibilities as president. The financial disclosures indicated Trump earned at least $434.9 million in 2018, but the tax filings reported a $47.4 million loss.

“It’s just a simple act of fairness,” said Lightfoot. “He needs to come clean and take ownership. If the reporting is true, he needs to apologize.”

Contributing: Associated Press

The Latest
El dinero beneficiará a hasta 200 propietarios, principalmente personas mayores, que viven en casas unifamiliares o de una o dos unidades. Cada beneficiario podrá recibir hasta $25,000 de ayuda. Sólo los hogares con ingresos totales iguales o inferiores a los ingresos promedios del área pueden acceder a la ayuda.
El alcalde Brandon Johnson pasó el fin de semana presionando a los concejales para que designaran al concejal Byron Sigcho-López (25º) como presidente del poderoso Comité de Zonificación del Concejo Municipal. Pero ante las presiones de los líderes empresariales y la insistencia de los opositores en el Concejo de que se necesitaban 34 votos para considerar la reorganización del mismo, Johnson canceló la votación.
Valentina García, de 21 años, estaba dentro de un vehículo el 9 de julio en la cuadra 3800 del oeste de la calle Ainslie cuando fue alcanzada por una bala a eso de las 6:54 p.m., dijo la policía de Chicago.
Season opener is March 27 at home against Angels
The Tokyo Series could feature 2024 All-Stars Shohei Ohtani and Shota Imanaga.