Christie says not aware of huge Trump N.J. tax reduction
A corrupt favor, or just part of the bankruptcy deal?
So is Trump corrupt or just a spectacular failure?
Donald Trump’s checkered history as a casino operator in Atlantic City includes what was a $30 million tax debt to New Jersey — a figure the New York Times reports was sliced to $5 million in 2011, the year after Gov. Chris Christie took office.
Public records do not create a clear picture of how the settlement was reached or if Christie had direct involvement.
The Times discovered the agreement during a review of the thousands of documents filed in the bankruptcies of the Republican presidential nominee’s casinos.
New Jersey corporate taxes went unpaid from 2002 through 2006, during which time Trump was leading the casino company as chairman.
. . . .
Said Jon Whiten of New Jersey Policy Perspective, a liberal think tank: “Most of us New Jerseyans will never have the luxury of having nearly all of our tax debts to the state wiped clean.
“Even more galling is that this pennies-on-the-dollar settlement came at a time when the Christie administration has relentlessly pursued collecting debts of dead college students, and instituted aggressive new screening procedures that have kept over $300 million in Earned Income Tax Credit payments out of the hands of tens of thousands of working poor New Jerseyans,’’ Whiten said.
After Christie dropped his bid for this year’s Republican presidential nomination, he was named chairman of Trump’s presidential transition team.
No comments:
Post a Comment