Washington, D.C.–This evening, Correct The Record President Brad Woodhouse released the following statement on Donald Trump’s rally in Pueblo, Colorado:
“Donald Trump just defended the indefensible: losing nearly a billion dollars and potentially failing to pay any any taxes for years. Let’s be clear: there are no excuses for Trump’s terrible business record and his utter failure to come clean about his taxes. Trump’s claim that he had a ‘fiduciary duty’ to get out of paying his personal income taxes makes no sense. No one has a ‘fiduciary duty’ to avoid paying their taxes. Let’s not forget: Trump has still not released ONE year of his full tax returns. He continues to hide from the American people the full extent of his business failures, his lack of charitable giving and/or the fact that he isn’t as wealthy as he says he is. We don’t know what else Trump is hiding.”
TRUMP’S TOP 4 LIES IN PUEBLO
LIE #1: Trump falsely claims that Hillary Clinton is going to raise your taxes
THE LIE: Trump: “Hillary Clinton is going to increase your taxes very, very substantially.” [Pueblo, CO, 10/3/16]
THE TRUTH: FactCheck.org: “Donald Trump repeatedly claims that Hillary Clinton is going to ‘raise your taxes very substantially.’ She’s not, unless you are among the top 10 percent of taxpayers.” [FactCheck.org, 6/28/16]
“The bottom 40 percent of taxpayers would see no increase under Hillary Clinton’s plan according to the nonpartisan Tax Policy Center.” [FactCheck.org, 6/28/16]
LIE #2: Trump lies that his “greatest asset” is his temperament
THE LIE: Trump: “My single greatest asset is my temperament.” [Pueblo, CO, 10/3/16]
THE TRUTH: “In NBC poll, only 23% said he had ‘right temperament’ to be president.” [Leigh Ann Caldwell tweet, 10/30/16 4:44 p.m. ET]
LIE #3: Trump lies that he and his companies “never” went bankrupt
THE LIE: Trump: “Some of the biggest and strongest people and companies went absolutely bankrupt, which I never did, by the way.” [Pueblo, CO, 10/3/16]
THE TRUTH: PolitiFact rated Clinton’s claim that Trump has “bankrupted his companies not once, not twice but four times” Mostly True after acknowledging that Trump has actually filed Chapter 11 six times, four times within two years in the 1990s, once more in 2004 and once more in 2009. [PolitiFact, 6/21/16]
LIE #4: Trump lies that he started his company with a “small loan”
THE LIE: Trump: “I started my company with a small loan.” [Pueblo, CO, 10/3/16]
THE TRUTH: Donald Trump received more than $74 million from loans tied to his father. [PolitiFact, 6/22/16]
Donald Trump received loans totaling $30 million from his siblings. [CNN, 10/26/15]
Donald Trump appeared to have inherited about $40 million from his father. [Washington Post, 6/23/16]
FactCheck.org: “Donald Trump’s success wasn’t built just on a $1 million loan.” [FactCheck.org, 3/4/16]