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Tax code in such a way that their income s protected. and certainly one of the things, tim, that s interesting about donald trump as a candidate is he basically preempted a lot of that by saying, yeah i tried to take advantage as much, i m not quoting him directly. his general message was i tried to do what i could to pay as little as i could. but that made me smart and a businessman. so i found that kind of interesting that he kind of preempted any discussion of that by sort of saying, yeah, look, i would have tried to do everything legally possible. and it s entitled to it. most people usually are interested in trying to lower their tax concerns. i think that s not irrational, and he s a businessman who was entitled to do that as long as he took advantage of, you know, legal loopholes. i think, however, in trump s case, one of the things he benefitted from was a massive writeoff, a tax loss or, you know, business loss of over $900 ....
The nomination hearing so we appreciate you hanging in there as well. thank you. first of all following up speaking about jobs going overseas obviously a critical issue for michigan. we pride ourselves on manufacturing one of the most significant parts of the economy. i ve been working for a number of years that we call bring jobs home act that would end the ability of a company to writeoff the cost of moving overseas. i don t know if why a facility is closed why the tax payers and the community should pay for the move and certainly seems in line with our incoming president has said. would you support that writeoff? i look forward to working with you on that. i can tell you it sounds like something the president-elect would like so i look forward to working with you on that. i think it s important we ....
Deduction he took. in fact the writeoff represent an epic business failure. it is i think representative of about 9 hundr$9 hundred million of loans he guaranteed personally in the late 1980s and all of it, all of it ended up in a giant train wreck. he bought airlines, hotels. he overleveraged his casino business. and he ended up with a ton of debt he couldn t repay because he overpaid for properties. he didn t think far enough ahead about the prospects for the various businesses he was entering and classic donald trump decision making. he s actually a very undisciplined, short-term, non strategic thinker. and that writeoff is a big numeric emblem of that tendency ....
There were a wloft unanswered questions even as he was answering the questions. one of which frankly looking back i should have been specific. personal income taxes or income taxes or maybe the obvious is he said he d seen them. did you see the check, how do you actually know he paid the income taxes? it was his knee jerk reactions as the son of somebody who s under fire to try to put it to bed by saying yes because that was the only answer seemed like he could give. but we don t know. donald trump, even him not releasing the actual return, the full returns which are obviously very large has eric trump pointed out in the past. he could just ak a knowledge one way or the other whether he did or did not pate personal income tax as result of this writeoff. he did release a statement saying i paid hundreds of ....
Obamacare. how can we expect them to keep their books straight and why should we trust them when they are auditing us. we can t figure out where the money is. i am so sick of your bias reporting. who among us hasn t misplaced $67 million? let he who is without something do the something. i love the title of the inspector general s report here. tracking of health insurance costs could be improved. and then they say specifically they did not account for or attempt to quantify $67 million. basically they didn t save their receipts. that s it. if there is one organization that should be saving their receipts, probably the receipt owners of america or the irs. this is the thing. every year they come and tell you how much money you owe. it is not much of a problem a writeoff. your entire life is a writeoff. except for the wonderful ....