Hillary Clinton Speaks at Women in the World Summit

On Thursday, Hillary Clinton spoke at the Women in the World Summit in New York City. After being introduced by Samantha Bee, Clinton was interviewed by New York Times columnist Nicholas Kristof. Clinton and Kristof discussed a number of topics including recent chemical attacks by Syrian President Bashar Assad. Clinton called for airstrikes on Syrian airfields, which President Donald Trump announced hours later. Other topics discussed include the failure of Congress to repeal and replace the Affordable Care Act, the Trump presidency, women’s rights around the world, sexism in the election, and what she learned from the election, and whether she will run for office again in the future.

Clinton said that she still does not fully understand the animosity some people feel toward her saying, “I am not perfect, everybody knows that by now … Sometimes I don’t know quite how to fix what they are concerned about. But I try. And so, I take it seriously, but I don’t any longer, and haven’t for a long time taken it personally. Because part of the attacks … part of the bullying and part of the name calling — and that has certainly become more pervasive — is to crush your spirit and feel inadequate. And I just refused to do that — and that infuriated everyone.” However, she vowed to keep fighting for what’s right and for the American people. A full video from the event is below.

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News Source: Time, Business Insider, New York Magazine

Podesta Pens Op-Ed about the FBI

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The chairman of Hillary Clinton’s presidential campaign, John Podesta, published an op-ed in The Washington Post criticizing the FBI for its handling of Clinton’s email investigation and the hacking of his emails as well as the emails of the Democratic National Committee. Read Podesta’s full op-ed below:

Something is deeply broken at the FBI
By: John Podesta
December 15, 2016

The more we learn about the Russian plot to sabotage Hillary Clinton’s campaign and elect Donald Trump, and the failure of the FBI to adequately respond, the more shocking it gets. The former acting director of the CIA has called the Russian cyberattack “the political equivalent of 9/11.” Just as after the real 9/11, we need a robust, independent investigation into what went wrong inside the government and how to better protect our country in the future.

As the former chair of the Clinton campaign and a direct target of Russian hacking, I understand just how serious this is. So I was surprised to read in the New York Times that when the FBI discovered the Russian attack in September 2015, it failed to send even a single agent to warn senior Democratic National Committee officials. Instead, messages were left with the DNC IT “help desk.” As a former head of the FBI cyber division told the Times, this is a baffling decision: “We are not talking about an office that is in the middle of the woods of Montana.”

What takes this from baffling to downright infuriating is that at nearly the exact same time that no one at the FBI could be bothered to drive 10 minutes to raise the alarm at DNC headquarters, two agents accompanied by attorneys from the Justice Department were in Denver visiting a tech firm that had helped maintain Clinton’s email server.

This trip was part of what FBI Director James B. Comey described as a “painstaking” investigation of Clinton’s emails, “requiring thousands of hours of effort” from dozens of agents who conducted at least 80 interviews and reviewed thousands of pages of documents. Of course, as Comey himself concluded, in the end, there was no case; it was not even a close call.

Comparing the FBI’s massive response to the overblown email scandal with the seemingly lackadaisical response to the very real Russian plot to subvert a national election shows that something is deeply broken at the FBI.

Comey justified his handling of the email case by citing “intense public interest.” He felt so strongly that he broke long-established precedent and disregarded strong guidance from the Justice Department with his infamous letter just 11 days before the election. Yet he refused to join the rest of the intelligence community in a statement about the Russian cyberattack because he reportedly didn’t want to appear “political.” And both before and after the election, the FBI has refused to say whether it is investigating Trump’s ties to Russia.

There are now reports that Vladimir Putin personally directed the covert campaign to elect Trump. So are teams of FBI agents busy looking into the reported meeting in Moscow this summer between Carter Page, a Trump foreign policy adviser, and the Putin aide in charge of Russian intelligence on the U.S. election? What about evidence that Roger Stone was in contact with WikiLeaks and knew in advance that my hacked emails were about to be leaked? Are thousands of FBI person-hours being devoted to uncovering Trump’s tangled web of debts and business deals with foreign entities in Russia and elsewhere?

Meanwhile, House Republicans who had an insatiable appetite for investigating Clinton have been resistant to probing deeply into Russia’s efforts to swing the election to Trump. The media, by gleefully publishing the gossipy fruits of Russian hacks, became what the Times itself calls “a de facto instrument of Russian intelligence.”

But the FBI’s role is particularly troubling because of its power and responsibility — and because this is part of a trend. The Justice Department’s Inspector General issued a damning report this summer about the FBI’s failure to prioritize cyberthreats more broadly.

The election is over and the damage is done, but the threat from Russia and other potential aggressors remains urgent and demands a serious and sustained response.

First, the Obama administration should quickly declassify as much as possible concerning what is known about the Russian hack, as requested by seven Democratic members of the Senate Intelligence Committee.

Second, the administration should brief members of the electoral college on the extent and manner of Russia’s interference in our election before they vote on Dec. 19, as requested by a bipartisan group of electors.

Third, Congress should authorize a far-reaching, bipartisan independent investigation modeled on the 9/11 Commission. The public deserves to know exactly what happened, why and what can be done to prevent future attacks. Reps. Eric Swalwell (D-Calif.) and Elijah E. Cummings (D-Md.) have introduced legislation to authorize such an investigation.

Finally, Congress should more vigorously exercise its oversight to determine why the FBI responded overzealously in the Clinton case and insufficiently in the Russian case. The FBI should also clarify whether there is an ongoing investigation into Trump, his associates and their ties to Russia. If ever there were a case of “intense public interest,” this is it. What’s broken in the FBI must be fixed and quickly.

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News Source: The Washington Post

Long Lines Of Voters Are Reported… At Susan B. Anthony’s Grave

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Elizabeth Cady Stanton and Susan B. Anthony

Hundreds Gather To Honor Suffragist Movement, Celebrate That Women Across The Country Are Voting Today For A Woman To Be President

Voting takes less time than ever, but there’s one place voters are guaranteed to wait in long lines: the grave of women’s suffragist leader Susan B. Anthony. Hundreds have visited the cemetery, which is holding extended hours tonight, to honor the movement to ensure half the population has the right to vote and celebrate that women across the country are voting today for a woman to be president.

ABC News: Voters Travel Near and Far to Pay Homage to Feminist Icon on Election Day: “One hundred and forty-four years ago, a woman named Susan B. Anthony was arrested for voting in a presidential election.  Today, millions of women will cast their vote for Hillary Clinton — the first female presidential nominee for a major political party.”

USA Today: People are covering Susan B. Anthony’s grave stone with ‘I Voted’ stickers:  “Many people smiled and laughed in delight at the occasion.  Others wept.  ‘I never cried when I filled out my ballot before. But I realized my daughters — and I have three of them — have the right to vote for a woman. It made my cry,’ said Jodi Atkin of Irondequoit, who trekked to the grave site with daughter Jessie. Both were clad in white, which many women chose to wear on Tuesday to honor those who, like Anthony, helped secure their right to vote.”

CNN: Hundreds flock to Susan B. Anthony’s grave on Election Day: “Brynn Hunt, a Rochester resident and first-time voter, was one of many to visit the site Tuesday morning.  ‘I voted today because of women like her,’ she said. Hunt said she wore white in honor of women’s suffrage.  Early Tuesday, hundreds of people began to form to thank Anthony for her efforts.”

People Magazine: Hundreds Line Up at Susan B. Anthony’s Gravesite to Honor Women’s Rights Activist with ‘I Voted’ Stickers: “In October, a slew of Trump’s supporters called for repealing women’s suffrage, using the Twitter hashtag #RepealThe19th after a poll of only male U.S. voters showed Trump winning the election by a landslide.”

CBS News: Steady crowds at Susan B. Anthony grave on Election Day: “A steady stream of people are arriving at Rochester’s Mount Hope cemetery, decorating Anthony’s grave with ‘I Voted’ stickers and American flags. Some are leaving yellow roses, which was a symbol of the women’s suffrage movement.”

New York Times: Voters Gather at Susan B. Anthony’s Grave in Rochester: “The line to the grave site grew throughout the day. By noon it had snaked and doubled back on itself through the orange and gold trees. The color of the leaves was reflected in the yellow flowers many carried or wore pinned to pantsuit lapels — the bright roses the suffragists took to symbolize their cause, which began in the 1840s and continued for 80 years. A woman moved among the stones with a hand drum looking to form a drum circle. Others knelt with their children and whispered about who Anthony was and who Hillary Clinton is.”

Washington Post: Susan B. Anthony died without the right to vote. Now people are covering her tombstone in ‘I voted’ stickers. “Some 90 years later, the pilgrimage to Anthony’s gravestone on Election Day began, possibly as recently as 2014, according to the Smithsonian magazine. The idea struck a chord with voters as far away as Maryland.”

VOX: Susan B. Anthony’s grave is covered in “I Voted” stickers in honor of Hillary Clinton:  “And now, the first woman to win a major party nomination is running to succeed the first black president. It’s hard not to be a little in awe of that — to marvel at what Anthony and others like her helped accomplish.”

Sarah Maslin Nir: The scene at Susan B. Anthony’s grave. And it’s a scene. (video)

Katie Marino: After voting my mom & I visited Susan B. Anthony’s grave with hundreds of other people. Thank you, women’s voices are heard now. #IVoted

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Tricia Fitzmaurice: A fitting tribute at Susan B. Anthony’s grave in Rochester today.  We all owe her a thank you. #HistoryIsHappening #SenecaFallsSuffragists

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Brynn Hunt: “I voted today because of women like her.” Today I voted in my first primary election, visited Susan B. Anthony’s grave, and wear white to honor women’s suffrage. We have come a long way since the 19th amendment was passed, but we still have a long way to go. I’m proud to say #imwithher

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MaxbGenius: “Oh, if I could but live another century and see the fruition of all the work for women! There is so much yet to be done.” – Susan B. Anthony #vote #suffrage #equality #rochester

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Jes Karakashian: This wraps around twice. I’ve never seen anything like this before in my life. #imwithher

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Trump’s Tax Troubles

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In just the few days since the New York Times published its latest groundbreaking report, Donald Trump has faced ongoing fallout from his “legally dubious” tax avoidance that even his own lawyers thought wouldn’t hold up to IRS scrutiny – as well as new reporting on his various efforts  to avoid paying millions in taxes. The ongoing reporting underscores the urgency of Trump releasing his tax returns before Election Day. While his campaign has objected to these stories, they refuse to release his tax returns – including just-filed returns that would not be under audit – to provide evidence of any untruths.

His behavior also raises important questions, including one that was posited by the New York Times Editorial Board: “Why would a man who has spent most of his professional life avoiding the shared responsibility of taxes all of a sudden care about helping others, especially those less fortunate?”

NEW Reporting

New York Times: Donald Trump Used Legally Dubious Method to Avoid Paying Taxes: “Tax experts who reviewed the newly obtained documents for The New York Times said Mr. Trump’s tax avoidance maneuver, conjured from ambiguous provisions of highly technical tax court rulings, clearly pushed the edge of the envelope of what tax laws permitted at the time. ‘Whatever loophole existed was not ‘exploited’ here, but stretched beyond any recognition,’ said Steven M. Rosenthal, a senior fellow at the nonpartisan Tax Policy Center who helped draft tax legislation in the early 1990s.”

Wall Street Journal: Income Taxes Aside: Donald Trump’s Other Tax-Avoidance Moves: “The Journal has found several additional examples of state and local tax issues for Mr. Trump and his companies that are little known or not previously reported on.”

  1. “A vendor said in a legal deposition in 2008 that Mr. Trump refused to pay $48,000 in sales taxes on draperies for a Las Vegas property.”
  1. “At least five federal, state and local tax collection agencies took out at least 26 liens on Mr. Trump’s businesses and him personally since the late 1990s due to claims that Mr. Trump or his businesses didn’t pay sales taxes, withholding taxes, or other corporate taxes.”
  1. “The biggest amount in liens and warrants, totaling about $11.8 million, were for corporate taxes imposed on his Indiana casino business in the early 2000s.”

Washington Post: This is the portrait of Donald Trump that his charity bought for $20,000: “Tax experts say that if Trump hung the painting at one of his homes or businesses, he may have violated laws against “self-dealing.” Those laws prohibit charity leaders from using money from their nonprofits to buy things for themselves, or for their businesses. In recent weeks, The Washington Post has reported other instances in which Trump may have violated those rules.”

Additional Fall-Out

New York Times Editorial Board: Avoiding Taxes, Trump-Style: “Indeed, even as Mr. Trump’s lawyers were advising him against this approach, one tax expert wrote that trying to find legal support for it was like trying to find evidence for ‘the existence of the Loch Ness monster.’”

Washington Post: A big, dirty secret from Donald Trump’s tax returns has been exposed: “Experts had missed Trump’s maneuver, Kleinbard said, because they did not think that it would have been allowed at the time… ‘The real surprise here is that he apparently got away with it’ … Kleinbard said that he would have enjoyed bringing Trump to court on behalf of the authorities in order to force him to pay up. ‘I would have been certain that I would have won.'”

Vox: Two experts say Donald Trump should be investigated for criminal tax evasion: “Various aspects of this almost certainly violate the laws governing charities (he’s already been sanctioned by the state of New York), but several experts are also raising the question of whether Trump is guilty of criminal tax evasion… But both Philip Hackney, a former IRS attorney now working as a professor of tax law, and Adam Chodorow, a tax law professor at Arizona State University, have written that the elements exist to at least begin an investigation.”

New York Times: How Donald Trump Avoided Paying Taxes Using Other People’s Money: “The story of how Mr. Trump sidestepped a potentially ruinous tax bill emerged from documents recently discovered by The Times during a search of casino bankruptcy filings. Mr. Trump structured his companies to allow him to have lucrative personal tax advantages, while limiting his personal liability should business go bad.”

Vanity Fair: How Donald Trump Used Other People’s Money to Avoid Paying Taxes: “Donald Trump is both unapologetic about using “other people’s money” whenever possible, and proud of the way he allegedly avoided paying income tax for years by writing off nearly a billion dollars in losses, as The New York Times first reported last month. Now, a new trove of documents obtained by the Times reveals how Trump combined both of those things to wipe out his liabilities, using investors’ money to avoid reporting hundreds of millions of dollars in taxable income in the form of canceled debt on his floundering casino empire—a maneuver that even his own lawyers warned would likely get him in trouble with the I.R.S.”

Mother Jones: NYT: We’ve Figured Out How Trump Gamed the Tax System: “If I’m reading this right, the basic story is that Trump gave his banks “New Bonds” in place of their old bonds and classified the new bonds as equity shares in the casino partnership. Trump then valued the equity as equal to the old debt, thus showing no net loan forgiveness and therefore no COD income. This despite the fact that, in reality, the equity was close to worthless.”

Vox: Donald Trump used a dubious loophole to make millions in taxable income disappear: “He has previously boasted publicly of his extensive and detailed knowledge of the tax code, which seems like a good prima facie reason to at least look into it a little. And the New York Times’s latest revelations show a man who was deliberately and knowingly aggressive in his tax strategies in other realms of his personal finances, intentionally pushing forward with a strategy his lawyers said would likely be disallowed.”

MSNBC: Trump stretched tax loopholes ‘beyond any recognition’: “The fact that Donald Trump didn’t pay federal income taxes for many years is not in dispute – because the Republican presidential candidate admitted it during a nationally televised debate. There is some question, however, about whether or not Trump’s exploitation of tax loopholes was entirely legal…. Don’t try this at home. Trump has tried to get away with tax maneuvers the typical American should not attempt.”

Los Angeles Times: Clinton renews calls for Trump to release tax returns following report he skirted laws: “Trump’s attorneys advised him at the time that if he were audited, the Internal Revenue Service would not look favorably upon the tactic, according to the report. For months now, Trump has eschewed releasing his tax returns, claiming he was under audit by the IRS. However, even while being audited, Trump could still release his returns, experts have said.”

Slate: We Now Have an Even Clearer Picture of How Brazenly Trump Tried to Avoid Paying Taxes: “Now, thanks to the latest investigation of Trump’s taxes by the New York Times, our portrait of Trump as a taxpayer is a little bit clearer: He isn’t just a businessman who’s so brilliant he managed to lose, either outright or on paper, close to $1 billion. He’s also one who tried to push the law to its limits—and perhaps past them—to avoid paying the tax man.”

IN CASE YOU MISSED IT

Avoiding Taxes, Trump-Style

New York Times

Editorial Board

November 1, 2016

Donald Trump’s claim that he was smart for figuring out how not to pay federal income taxes was obnoxious when he said it, at least for the millions of Americans who pay their fair share. Now we learn that he was able to avoid some of those taxes decades ago with a tactic that is illegal now and was highly dubious even then.

In the 1990s, with his Atlantic City casinos and other businesses tottering on the verge of collapse, Mr. Trump negotiated a deal under which his creditors — investors and banks — would forgive part of the debt in exchange for equity in partnerships he controlled. Without such swaps, Mr. Trump would have had to report the forgiven debt as income, offsetting a big portion of the $916 million loss he claimed on his tax return in 1995. That loss allowed him to avoid paying taxes for up to 18 years.

It is impossible to know whether the Internal Revenue Service challenged Mr. Trump’s use of the swaps because, unlike every major party presidential nominee for nearly 40 years, he refuses to release his tax returns. But as The Times reported on Monday, the maneuver was so suspect that his lawyers advised against it.

And it’s clear that even then tax officials and federal lawmakers were hoping to end the practice because it allowed businesses and rich individuals to avoid taxes by swapping forgiven debt with equity that was worth little or nothing. Indeed, even as Mr. Trump’s lawyers were advising him against this approach, one tax expert wrote that trying to find legal support for it was like trying to find evidence for “the existence of the Loch Ness monster.”

Congress barred such swaps by corporations in 1993, and by partnerships, the business structure Mr. Trump uses, in 2004.

As is its habit, Mr. Trump’s campaign chose to regard these latest revelations as yet another display of his genius. But like any other effort to game the tax system, his tactics imposed real costs by shifting the burden to taxpayers who have no recourse to such strategies and must pay full freight, including people whose taxes are withheld and cannot shelter their income even if they want to.

It has become ever more difficult for the I.R.S. to police the kind of tax avoidance Mr. Trump has engaged in. The Republican-controlled Congress cut the I.R.S.’s budget by about $500 million in 2015, and last year the agency audited just 0.8 percent of individual taxpayers, down from 1.1 percent in 2010. Its enforcement staff has shrunk by 23 percent since 2010, to 39,000 people, according to the Center on Budget and Policy Priorities.

The latest disclosures about Mr. Trump’s taxes also further undercut the argument that he is uniquely qualified to fix what he has called a rigged system. Why would a man who has spent most of his professional life avoiding the shared responsibility of taxes all of a sudden care about helping others, especially those less fortunate? The truth is, of course, that he has no intention of doing so; according to a recent analysis by the nonpartisan Tax Policy Center, Mr. Trump’s tax proposals would confer by far the greatest advantages on the wealthiest Americans.

For all the latest, follow our Scheduled Events page and follow Clinton on TwitterFacebookYouTube, and Instagram. Also, be sure to subscribe to the campaign’s official Podcast, With Her.

Statement on Trump’s “Legally Dubious” Tax Avoidance Scheme

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Calls on Trump to Release at Least 2015 Tax Returns, Which Are Not Under Audit

Yesterday, the New York Times published new documents that showed Trump engaged in “legally dubious” schemes to avoid paying millions in federal income taxes, even as his own lawyers made clear they likely would not hold up to IRS scrutiny. Trump’s campaign claims the reporting is not true, yet they refuse to produce the only evidence that could prove the Times wrong: Trump’s tax returns.

In response to the new report, Hillary for America deputy communications director Christina Reynolds issued the following statement:

“In the wake of a blockbuster report showing that even Trump’s own lawyers thought the IRS would likely find the “legally dubious” scheme he used to avoid taxes was against the law, the Trump campaign still refuses to release his tax returns. While breaking a precedent running for 40 years, Trump has clung to the excuse that he is under audit, despite no proof that he is and no prohibition for releasing returns under audit. Given that Trump was required to file his 2015 taxes recently, he has no reason to withhold it since it is too soon for him to possibly be under audit for those year. There’s no excuse left for Trump—if he’s not still using these “dubious” schemes to avoid paying taxes, he needs to prove it with his most recent tax returns.”

Trump and his campaign continue to dodge disclosure of these critical documents that could shed light on important issues including his wealth, his questionable charitable giving, his foreign and domestic business entanglements, his personal tax rate and more. The Times’ reporting raising important new questions that underscore the urgency in releasing the tax returns before Election Day.

Key Point: “As he scrambled to stave off financial ruin, Mr. Trump avoided reporting hundreds of millions of dollars in taxable income by using a tax avoidance maneuver so legally dubious his own lawyers advised him that the Internal Revenue Service would likely declare it improper if he were audited.”

  • “Tax experts who reviewed the newly obtained documents for The New York Times said Mr. Trump’s tax avoidance maneuver, conjured from ambiguous provisions of highly technical tax court rulings, clearly pushed the edge of the envelope of what tax laws permitted at the time. ‘Whatever loophole existed was not ‘exploited’ here, but stretched beyond any recognition,’ said Steven M. Rosenthal, a senior fellow at the nonpartisan Tax Policy Center who helped draft tax legislation in the early 1990s.”
  • “One letter, 25 pages long, analyzed seven distinct components of Mr. Trump’s proposed tax maneuver. It found only “substantial authority” for six of the components. In the stilted language of tax opinion letters, the phrase “substantial authority” is a red flag that the lawyers believe the I.R.S. can be expected to rule against the taxpayer roughly two-thirds of the time. In other words, Mr. Trump’s tax lawyers were telling him there were at least six different reasons the I.R.S. would likely cry foul if he were audited.”
  • “Regardless of whether the I.R.S. objected, Trump’s tax avoidance in this case violated a central principle of American tax law, said Mr. Buckley, the former chief of staff for Congress’s Joint Committee on Taxation, who later served as chief tax counsel for Democrats on the House Ways and Means Committee. ‘He deducted somebody else’s losses,’ Mr. Buckley said.”

IN CASE YOU MISSED IT

Donald Trump Used Legally Dubious Method to Avoid Paying Taxes

New York Times

By: David Barstow, Mike McIntire, Patricia Cohen, Susanne Craig, and Russ Buettner

October 31, 2016

Donald J. Trump proudly acknowledges he did not pay a dime in federal income taxes for years on end. He insists he merely exploited tax loopholes legally available to any billionaire — loopholes he says Hillary Clinton failed to close during her years in the United States Senate. “Why didn’t she ever try to change those laws so I couldn’t use them?” Mr. Trump asked during a campaign rally last month.

But newly obtained documents show that in the early 1990s, as he scrambled to stave off financial ruin, Mr. Trump avoided reporting hundreds of millions of dollars in taxable income by using a tax avoidance maneuver so legally dubious his own lawyers advised him that the Internal Revenue Service would likely declare it improper if he were audited.

Thanks to this one maneuver — which was later outlawed by Congress — Mr. Trump potentially escaped paying tens of millions of dollars in federal personal income taxes. It is impossible to know for sure because Mr. Trump has declined to release his tax returns, or even a summary of his returns, breaking a practice followed by every Republican and Democratic presidential candidate for more than four decades.

Tax experts who reviewed the newly obtained documents for The New York Times said Mr. Trump’s tax avoidance maneuver, conjured from ambiguous provisions of highly technical tax court rulings, clearly pushed the edge of the envelope of what tax laws permitted at the time. “Whatever loophole existed was not ‘exploited’ here, but stretched beyond any recognition,” said Steven M. Rosenthal, a senior fellow at the nonpartisan Tax Policy Center who helped draft tax legislation in the early 1990s.

Moreover, the tax experts said the maneuver trampled a core tenet of American tax policy by conferring enormous tax benefits to Mr. Trump for losing vast amounts of other people’s money — in this case, money investors and banks had entrusted to him to build a casino empire in Atlantic City.

As that empire floundered in the early 1990s, Mr. Trump pressured his financial backers to forgive hundreds of millions of dollars in debt he could not repay. While the cancellation of so much debt gave new life to Mr. Trump’s casinos, it created a potentially crippling problem with the Internal Revenue Service. In the eyes of the I.R.S., a dollar of canceled debt is the same as a dollar of taxable income. This meant Mr. Trump faced the painful prospect of having to report the hundreds of millions of dollars of canceled debt as if it were hundreds of millions of dollars of taxable income.

But Mr. Trump’s audacious tax-avoidance maneuver gave him a way to simply avoid reporting any of that canceled debt to the I.R.S. “He’s getting something for absolutely nothing,” John L. Buckley, who served as the chief of staff for Congress’s Joint Committee on Taxation in 1993 and 1994, said in an interview

The new documents, which include correspondence from Mr. Trump’s tax lawyers and bond offering disclosure statements, might also help explain how Mr. Trump reported a staggering loss of $916 million in his 1995 tax returns — portions of which were first published by The Times last month.

United States tax laws allowed Mr. Trump to use that $916 million loss to cancel out an equivalent amount of taxable income. But tax experts have been debating how Mr. Trump could have legally declared a deduction of that magnitude at all. Among other things, they have noted that Mr. Trump’s huge casino losses should have been offset by the hundreds of millions of dollars in taxable income he surely must have reported to the I.R.S. in the form of canceled casino debt.

By avoiding reporting his canceled casino debt in the first place, however, Mr. Trump’s $916 million deduction would not have been reduced by hundreds of millions of dollars. He could have preserved the deduction and used it instead to avoid paying income taxes he might otherwise have owed on books, TV shows or branding deals. Under the rules in effect in 1995, the $916 million loss could have been used to wipe out more than $50 million a year in taxable income for 18 years.

Mr. Trump declined to comment for this article.

“Your e-mail suggests either a fundamental misunderstanding or an intentional misreading of the law,” Hope Hicks, Mr. Trump’s spokeswoman, said in a statement. “Your thesis is a criticism, not just of Mr. Trump, but of all taxpayers who take the time and spend the money to try to comply with the dizzyingly complex and ambiguous tax laws without paying more tax than they owe. Mr. Trump does not think that taxpayers should file returns that resolve all doubt in favor of the I.R.S. And any tax experts that you have consulted are engaged in pure speculation. There is no news here.”

Mr. Trump financed his three Atlantic City gambling resorts with $1.3 billion in debt, most of it in the form of high interest junk bonds. By late 1990, after months of escalating operating losses, New Jersey casino regulators were warning that “a complete financial collapse of the Trump Organization was not out of the question.” By 1992, all three casinos had filed for bankruptcy and bondholders were ultimately forced to forgive hundreds of millions of dollars in debt to salvage at least part of their investment.

The story of how Mr. Trump sidestepped a potentially ruinous tax bill from that forgiven debt emerged from documents recently discovered by The Times during a search of the casino bankruptcy filings. The documents offer only a partial description of events, and none of Mr. Trump’s tax lawyers agreed to be interviewed for this article.

At the time, Mr. Trump would have been hard-pressed to pay tens of millions of dollars in taxes. According to assessments of his financial stability by New Jersey casino regulators, there were times in the early 1990s when Mr. Trump had no more than a few million dollars in his various bank accounts. He was so strapped for cash that his creditors were apoplectic when they learned that Mr. Trump had bought Marla Maples an engagement ring estimated to be worth $250,000.

It is unclear who first glimpsed a way for Mr. Trump to dodge a huge tax bill. But the basic maneuver he used was essentially a new twist on a contentious strategy corporations had been using for years to avoid taxes created by canceled debt.

The strategy — known among tax practitioners as a “stock-for-debt swap” — relies on mathematical sleight of hand. Say a company can repay only $60 million of a $100 million bank loan. If the bank forgives the remaining $40 million, the company faces a large tax bill because it will have to report that canceled $40 million debt as taxable income.

Clever tax lawyers found a way around this inconvenience. The company would simply swap stock for the $40 million in debt it could not repay. This way, it would look as if the entire $100 million loan had been repaid, and presto: There would be no tax bill due for $40 million in canceled debt.

Best of all, it did not matter if the actual market value of the stock was considerably less than the $40 million in canceled debt. (Stock in an effectively insolvent company could easily be next to worthless.) Even in the opaque, rarefied world of gaming impenetrable tax regulations, this particular maneuver was about as close as a company could get to waving a magic wand and making taxes disappear.

Alarmed by the obvious potential for abuse, Congress and the I.R.S. made repeated efforts during the 1980s to curb this brand of tax wizardry before banning its use by corporations altogether in 1993. But while policy makers were busy trying to stop corporations from using this particular ploy, the endlessly creative club of elite tax advisers was inventing a new way to circumvent the ban, this time through the use of partnerships.

This was the twist that was especially beneficial to Mr. Trump. Wealthy families like the Trumps often own real estate and other assets through partnerships rather than corporations. Mr. Trump, for example, owned all three of his Atlantic City casinos through partnerships, an arrangement that allowed casino profits to flow directly to his personal tax returns when times were good.

But what if times were bad? What if Mr. Trump’s casino partnerships could not repay hundreds of millions of dollars they owed to bondholders? And what if the bondholders were persuaded to forgive this debt? Wouldn’t that force the partnerships — i.e., Mr. Trump — to report hundreds of millions of dollars of taxable income in the form of canceled debt?

Enter the tax advisers with their audacious plan: Why not eliminate all that taxable income from canceled debt by swapping “partnership equity” for debt in exactly the same way corporations had been swapping company stock for debt.

True enough, the I.R.S. and Congress had clearly signaled their disapproval of the basic concept. Fred T. Goldberg, who was the I.R.S. commissioner under George Bush, recalled in an interview that the I.R.S. frowned on partnership equity-for-debt swaps for the same reason it objected to corporate stock-for-debt swaps. “The fiction is that the partnership interest has the same value as the debt,” he said. Lee A. Sheppard, a contributing editor to Tax Notes, wrote in 1991 that trying to find a legal justification for this tactic was akin to proving “the existence of the Loch Ness monster.”

On the campaign trail, Mr. Trump boasts of his mastery of tax loopholes and claims no other candidate for the White House has ever known more about the tax code. This background, he argues with evident disgust, gives him special insight into the way wealthy elites buy off politicians and hire high-priced lawyers and accountants to rig the tax system — just as, he claims, they rig elections.

That insight was on display in 1991 and 1992 when he was laying the groundwork to make a multimillion-dollar tax bill disappear.

Before proceeding with his plan, Mr. Trump did what most prudent taxpayers do — he sought a formal tax opinion letter. Such letters, typically written by highly-paid lawyers who spend entire careers mastering the roughly 10,000 pages of ever-changing statutes that make up the United States tax code, can provide important protection to taxpayers. As long as a tax adviser blesses a particular tax strategy in a formal opinion letter, the taxpayer most likely will not face penalties even if the I.R.S. ultimately rules the strategy was improper.

The language used in tax opinion letters has a specialized meaning understood by all tax professionals. So, for example, when a tax lawyer writes that a shelter is “more likely than not” going to be approved by the I.R.S., this means there is at least a 51 percent chance the shelter will withstand scrutiny. (This is known as an “M.L.T.N.” letter in the vernacular of tax lawyers.) A “should” letter means there is about a 75 percent chance the I.R.S. will not object. The gold standard, a “will” letter, means the I.R.S. is all but certain to bless the tax avoidance strategy.

But the opinion letters Mr. Trump received from his tax lawyers at Willkie Farr & Gallagher were far from the gold standard. The letters bluntly warned that there was no statute, regulation or judicial opinion that explicitly permitted Mr. Trump’s tax gambit. “Due to the lack of definitive judicial or administrative authority,” his lawyers wrote, “substantial uncertainties exist with respect to many of the tax consequences of the plan.”

One letter, 25 pages long, analyzed seven distinct components of Mr. Trump’s proposed tax maneuver. It found only “substantial authority” for six of the components. In the stilted language of tax opinion letters, the phrase “substantial authority” is a red flag that the lawyers believe the I.R.S. can be expected to rule against the taxpayer roughly two-thirds of the time. In other words, Mr. Trump’s tax lawyers were telling him there were at least six different reasons the I.R.S. would likely cry foul if he were audited. In anticipation of that possibility, the lawyers even laid out a fallback plan that would have allowed Mr. Trump to spread the pain of a large tax hit over many years if the I.R.S. ultimately balked.

It is unclear whether the I.R.S. ever challenged Mr. Trump’s use of this specific tax maneuver. According to a financial disclosure statement prepared by Mr. Trump’s accountants, he was under audit by tax authorities as of 1993, only a year after he avoided reporting hundreds of millions of dollars in taxable income because of this legally suspect tactic. But the results of that audit are unknown and the agency declined to comment on Monday.

Regardless of whether the I.R.S. objected, Mr. Trump’s tax avoidance in this case violated a central principle of American tax law, said Mr. Buckley, the former chief of staff for Congress’s Joint Committee on Taxation who later served as chief tax counsel for Democrats on the House Ways and Means Committee.

“He deducted somebody else’s losses,” Mr. Buckley said. By that Mr. Buckley means that only the bondholders who forgave Mr. Trump’s unpaid casino debts should have been allowed to use those losses to offset future income and reduce their taxes. That Mr. Trump used the same losses to reduce his taxes ultimately increases the tax burden on everyone else, Mr. Buckley explained. “He is double dipping big time.”

In any event, Mr. Trump can no longer benefit from the same maneuver. Just as Congress acted in 1993 to ban stock-for-debt swaps by corporations, it acted in 2004 to ban equity-for-debt swaps by partnerships.

Among the members of Congress who voted to finally close the loophole: Senator Hillary Clinton of New York.

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Clinton Campaign Calls for full Disclosure from the FBI

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On Saturday, Hillary for America responded to the revelation that the FBI has found “additional evidence” related to Hillary Clinton’s email with a call for more information from the FBI and Director James Comey. Campaign Chair John Podesta and Manager Robby Mook held a press phone briefing earlier today. A transcript of their comments is below:

CAMPAIGN CHAIR JOHN PODESTA: The extraordinary letter that was long on innuendo and short on facts that Director Comey sent yesterday to eight Republican committee chairs. Twenty-four hours after that letter was sent, we have no real explanation of why Director Comey decided to send that letter to congressional leaders. In fact, the more information that has come out, the more overblown this all seems, and the more concern it creates about Director Comey’s actions. For starters, it seems clear that some of initial characterizations of the FBI’s actions were inaccurate, despite initial reporting that the letter amounted to the quote, unquote, “Reopening of the investigation concluded last July.” It seems that that is not at all the case. That notion was pushed of course was by Congressman Jason Chaffetz.

It is not surprising that Congressman Chaffetz would take the opportunity to distort the facts to mount an attack on Hillary Clinton. This is someone who has promised to launch years of new Hillary Clinton investigations when she is president. Even conservative columnist Jennifer Rubin, and said earlier this week that Chaffetz says undermined his own legitimacy and he was – that he was “obsessed with finding something, anything to hang around Hillary Clinton’s neck.” So while some initially ran with the notion that an investigation was being reopened, those were Chaffetz’s words, not Comey’s, and outlets have already walked back this claim.

But this is exactly the problem that Director Comey has created with sending off his letter just 11 days out from the presidential election. By providing selective information, he has allowed partisans to distort and exaggerate in order to inflict maximum political damage, and no one can separate what is true from what is not because Comey is not been forthcoming with the facts. What little Comey has told us makes it hard to understand why this step has been warranted at all. For instance, he says, quote, “The FBI cannot assess whether or not this material may even be significant,” unquote.

And the reporting that has surfaced in the hour since this letter surfaced create even more confusion why Comey would have raised this on the eve of the election. NBC has reported from law enforcement sources that the emails in question were never withheld by Hillary Clinton or the Clinton campaign. NBC reported that the emails in question did not come from Clinton’s server at all. That has now been corroborated by a slew of other news outlets, and according to the Los Angeles Times, Clinton did not even personally or receive any of the emails in question.

Reports indicate that many of these emails are likely duplicates of ones that have already been turned over and reviewed by the bureau and its investigation last July. It is in fact entirely possible all the emails in question are just that, duplicates. So that is what we have learned from reporting in the wake of Director Comey’s message to congressional leaders. So just to recap and to put this in perspective, there is no evidence of wrong doing, no charge of wrong doing, no indication that this is even about Hillary. In fact, there are reports that the emails they want to look at are duplicates of things they already have and aren’t even from or to Hillary.

Even Director Comey said, “This may not be significant.” If that is all true, it is hard to see how this amounts to anything, and we are not going to be distracted, and Hillary is not going to be distracted in the final days of this election over nothing. But we should not be forced to get this information from second and third hand sources, from leaks, from law enforcement and FBI sources, Director Comey was the one who decided to take this unprecedented step. We now learned against the advice of senior Justice Department officials, who told him it was against long-standing department policy from Democratic and Republican administrations. Director Comey was the one who wrote a letter that was light on facts, heavy on innuendo, knowing full well what Republicans in Congress would do with it. It’s now up to him, who owes the public answers to the questions that are now on the table, and we’re calling on him to come forward and give those answers to the American public. So with that, let me turn it over to our campaign manager, Robby Mook.

CAMPAIGN MANAGER ROBBY MOOK: Well, thank you John, and this is a very concerning situation. As John explained, the more information that comes out, the more overblown this entire situation seems to be. That, in turn, has raised more questions about Director Comey from his colleagues in law enforcement circles to take this extraordinary step 11 days out from the presidential election. Just this morning, there is a startling report in the Washington Post saying that senior Justice Department officials warned Director Comey not to do this and that it was inconsistent with the practices of the department. He was apparently told that “we do not comment on an ongoing investigation, and we don’t take steps that will be viewed as influencing an election,” according to one Justice official who spoke to the Post. As a result of this, Comey has come under considerable pressure from not just Democrats but also Republicans and legal experts alike.

The Washington Post amplifies this point. Former Assistant U.S. Attorney Nick Akerman says, “Director Comey acted totally inappropriately. He has no business writing to Congress about supposed new emails that neither he nor anyone in the FBI had ever reviewed. It is not the function of the FBI director to be making public pronouncements about an investigation, never mind about an investigation based on evidence that he acknowledges may not be significant.”

Also former federal prosecutor Peter Zeidenberg said he respects Comey, however, quote, “I don’t understand this idea of dropping this bombshell, which could be a big dud. Doing it in the last week or 10 days of a presidential election without more information, I don’t think that he, I don’t think he should because how does it inform voters? It just invites speculation.” And in addition, former Justice Department spokesperson, Matt Miller, said, “The Justice Department’s long-time, long-standing practice is ‘don’t do anything seen as trying to influence an election.’ That’s usually interpreted as 60 days, let alone 11. It’s completely unfair to Secretary Clinton, and it’s really unfair to the voters. There’s no reason he had to send this letter.”

And finally, according to reports, Attorney General Loretta Lynch “expressed her preference that Comey follow the department’s long-standing practice of not commenting on ongoing investigations and not taking any action that could influence the outcome of an election,” but he said he felt compelled to do otherwise. So as John said, “It’s now incumbent on Director Comey to immediately provide the American people with more information than what is contained in his letter.” He owes the public the whole story, or else he shouldn’t have cracked open this door in the first place. Both campaigns and leaders in both parties of Congress are in full agreement on this fact.

And the last thing I’d say before I turn it back to Brian is that based on the anecdotes I’m hearing from our team on the ground, this situation has created an urgency, an intensity among our volunteers and activists that was already high because we are so close to the election but that our volunteers are rallying behind Hillary. They know what a fighter she is. I think they were heartened that she came out and addressed this so forthrightly, that she is calling for the full story to be told. And they’re as upset and concerned as we are here, and they are turning out, not only to have her back but to rally our supporters to turn out and vote as early voting goes into full swing. And we’re not just seeing this in our offices on the ground, but also in our, in our online, in the online space as well. And the, I think this is, we already had momentum and wind behind our back going into yesterday. I think this has only increased the momentum that we’re feeling among our activists on the ground.

In addition, HFA released two briefs featuring articles and coverage from the press showing that as more details have been released, the less significant the evidence appears. The releases are below:

Comey Under Fire After Sending Unprecedented Letter

FBI Director James Comey is under widespread criticism for breaking department precedent by commenting on an ongoing investigation, and doing so just days before a presidential election. Indeed, the Washington Post reported this morning senior Justice Department officials made perfectly clear to Comey that he would be in violation of long-standing DOJ policy.

Moreover, according to CNN, Attorney General Loretta Lynch and Deputy Attorney General Sally Yates both objected to Comey sending this inappropriate letter to Congress. Nevertheless, Director Comey independently decided to move forward, rattling the presidential election with a note that was heavy on innuendo and extremely light on actual information or needed details.

The result? Broad bipartisan condemnation and demands for the swift disclosure of more information:

Washington Post: Justice officials warned FBI that Comey’s decision to update Congress was not consistent with department policy: “Senior Justice Department officials warned the FBI that Director James B. Comey’s decision to notify Congress about renewing the investigation into Hillary Clinton’s private email server was not consistent with long-standing practices of the department, according to officials familiar with the discussions. Comey told Justice Department officials that he intended to inform lawmakers of newly discovered emails. These officials told him the department’s position “that we don’t comment on an ongoing investigation. And we don’t take steps that will be viewed as influencing an election,” said one Justice Department official who spoke on the condition of anonymity to describe the high-level conversations.”

CNN: Comey notified Congress of email probe despite DOJ concerns: “Attorney General Loretta Lynch and Deputy Attorney General Sally Yates objected to FBI Director James Comey’s decision to notify Congress about his bureau’s review of emails related to Hillary Clinton’s personal server, law enforcement officials familiar with the discussion said. Comey decided to disregard their objections and sent the letter Friday anyway, shaking the presidential race 11 days before the election and nearly four months after the FBI chief said he wouldn’t recommend criminal charges over the Democratic nominee’s use of the server.

New York Times: Justice Dept. Strongly Discouraged Comey on Move in Clinton Email Case: “Mr. Comey’s letter opened him up to criticism not only from Democrats but also from current and former officials at the F.B.I. and the Justice Department, including Republicans. ‘There’s a longstanding policy of not doing anything that could influence an election,’ said George J. Terwilliger III, a deputy attorney general under the first President George Bush. ‘Those guidelines exist for a reason. Sometimes that makes for hard decisions. But bypassing them has consequences.’”

Politico: Comey’s disclosure shocks former prosecutors: “James Comey’s surprise announcement that investigators are examining new evidence in the probe of Hillary Clinton’s email server put the FBI director back under a harsh spotlight, reigniting criticism of his unusual decision to discuss the high-profile case in front of the media and two congressional committees.”

Los Angeles Times: “The emails were not to or from Clinton, and contained information that appeared to be more of what agents had already uncovered, the official said, but in an abundance of caution, they felt they needed to further scrutinize them.

Washington Post Editorial: The damage Comey’s bad timing could do: “Mr. Podesta said he is ‘confident’ full disclosure ‘will not produce any conclusions different from the one the FBI reached in July.’ If so, the question will be how badly damaged was Ms. Clinton’s candidacy by the 11th-hour re-eruption of a controversy that never should have generated so much suspicion or accusation in the first place.”

New York Times Editorial: “But Mr. Comey’s failure to provide any specifics about a new, potentially important development, less than two weeks before Election Day, is confounding. As Mr. Comey put it in July: “The American people deserve those details in a case of intense public interest.” They deserve details even more urgently today.”

Bloomberg: FBI Shocker on Clinton Fuels Criticism of Comey’s Tactics: “FBI Director James Comey is facing extraordinary pressure to explain himself after dropping a bombshell on the campaign of Hillary Clinton just 11 days before the presidential election… Former prosecutors and lawmakers from both parties expressed shock and dismay at Comey’s highly unusual decision, which flouted decades of legal custom that call for avoiding taking actions that could affect the outcome of an election.”

Washington Post: FBI Director James B. Comey under fire for his controversial decision on the Clinton email inquiry: “Nick Ackerman, a former federal prosecutor in New York and an assistant special Watergate prosecutor, said Comey ‘had no business writing to Congress about supposed new emails that neither he nor anyone in the FBI has ever reviewed.’”

Huffington Post: News Outlets Dial Back Reports Of FBI ‘Reopening’ Clinton Email Case: “The story took several other turns on Friday afternoon that complicated the early, screaming headlines, and then ensured the story would remain a topic of discussion in the days ahead. Multiple outlets subsequently reported that the new emails weren’t sent by Clinton and didn’t come from her private server.”

CNN Legal Analyst, Paul Callan: Time for FBI director Comey to go: “Comey’s public announcement in July that the FBI had concluded its investigation regarding Hillary Clinton’s use of a private email server in the conduct of official State Department business and would not recommend the lodging of criminal charges was historically unprecedented in a high-profile political case.”

Washington Post Op-Ed by Former DOJ Spokesman Matt Miller: James Comey fails to follow Justice Department rules yet again: “With each step, Comey moved further away from department guidelines and precedents, culminating in Friday’s letter to Congress. This letter not only violated Justice rules on commenting on ongoing investigations but also flew in the face of years of precedent about how to handle sensitive cases as Election Day nears…. The director of the FBI has great power at his disposal…. With that independence comes a responsibility to adhere to the rules that protect the rights of those whom the FBI investigates. Comey has failed that standard repeatedly in his handling of the Clinton investigation.”

New York Times: F.B.I. Chief James Comey Is in Political Crossfire Again Over Emails: “The reaction was swift and damning, with Mrs. Clinton’s supporters and even some Republicans blasting Mr. Comey. Indeed, Mr. Comey, who was attacked this summer by Democrats and Republicans for both his decision not to bring charges against Mrs. Clinton and for the way he handled it, found himself in an even stronger crossfire on Friday.”

Los Angeles Times’ Michael McGough: FBI director should have known what his Clinton emails letter would unleash: “Having raised new doubts about Clinton so close to an election, Comey has an obligation —a moral obligation if not a legal one — to do everything he can to expedite the “additional work” required to determine whether this new information does, in fact, cast doubt on his earlier conclusion that Clinton wasn’t criminally culpable.”

Aurora Sentinel Editorial: FBI’s Comey needs to come clean on details, motivation — or resign: “If there’s damning or critical information about Clinton staff handling of email that creates the clear and immediate threat to national security that would warrant such a ploy, Americans deserve to have Clinton explain them, and Clinton must get that opportunity. Otherwise, Comey needs to apologize for his infelicity and possibly politically motivated stunt, and immediately step aside.”

Newsweek: Hillary Clinton’s Emails: The Real Reason The FBI Is Reviewing More Of Them: “Unfortunately, by trying to have things both ways – revealing the change in circumstances while remaining vague about what the agents know – Comey has created that misleading impression that could change the outcome of a presidential election, an act that, if uncorrected, will undoubtedly go down as one of the darkest moments in the bureau’s history.”

New Yorker: James Comey Broke With Loretta Lynch And Justice Department Tradition: “Coming less than two weeks before the Presidential election, Comey’s decision to make public new evidence that may raise additional legal questions about Clinton was contrary to the views of the Attorney General, according to a well-informed Administration official. Lynch expressed her preference that Comey follow the department’s longstanding practice of not commenting on ongoing investigations, and not taking any action that could influence the outcome of an election, but he said that he felt compelled to do otherwise.”

Charlotte Observer Editorial: Comey drops Hillary Clinton email bombshell; so tell us more: “But it is extraordinary for such volatile information to emerge so close to Election Day and that’s especially true given how few specifics are known. Because Comey was so vague, voters can’t know what to think. The new emails could be anything from meaningless to evidence of criminal activity by Clinton to most anything in between.”

ThinkProgress: The ‘new’ Clinton emails might all be duplicates: “So, to be clear, the FBI Director delivered a gut punch to the Clinton campaign, despite the fact that 1) he doesn’t know what he has; 2) it may be something that he already had; and, 3) whatever it is that he has, it reportedly didn’t come from Secretary Clinton, and was not sent to her.”

Huffington Post: Heat Rises For FBI Director James Comey As Both Campaigns Demand Email Answers: “Both camps demanded that FBI Director James Comey disclose more details about the emails and the bureau’s investigation, which he made known in a letter to Congress just 11 days before the election…. Many challenged the FBI director’s motives, increasing the pressure on him to comply with calls from both campaigns for more information.”

Once Again, “Bombshell” Clinton Revelation Fizzles As Facts Come Out

Yesterday, Republican Congressional leaders leaked an unprecedented letter from FBI Director James Comey, with initial reports including dire headlines for Hillary Clinton. But like most “bombshell” discoveries about Clinton over the course of this campaign, it fizzled rapidly as facts actually became available. Let’s review…

YESTERDAY’S BOMBSHELL: NBC News: FBI re-opening investigation into Hillary Clinton’s private e-mail server

  • Jason Chaffetz: “FBI Dir just informed me, ‘The FBI has learned of the existence of emails that appear to be pertinent to the investigation.’ Case reopened”
  • GOP: “BREAKING NEWS: The FBI is re-opening their investigation into @HillaryClinton’s secret server.”

…facts emerge:

  1.  Investigation not reopened. Huffington Post: News Outlets Dial Back Reports Of FBI ‘Reopening’ Hillary Clinton Email Case
  2. No emails had been withheld. NBC News: “the e-mails Comey announced today were NOT originally withheld by Clinton or campaign.”
  3. Emils not from Clinton’s server. Bloomberg: New Clinton E-mails Not From Her Private Server, AP Says
  4. Emails reportedly not to or from Clinton. Los Angeles Times: “The emails were not to or from Clinton”
  5. No indication emails bear significance. Comey memo to employees: “we don’t know the significance of this newly discovered collection of emails”
  6. Many emails likely duplicates of ones already turned over. ThinkProgress: The ‘new’ Clinton emails might all be duplicates
  7. Comey letter violates DOJ policy. Washington Post: Justice officials warned FBI that Comey’s decision to update Congress was not consistent with department policy
  8. Comey overruled AG Loretta Lynch. CNN: “Attorney General Loretta Lynch and Deputy Attorney General Sally Yates disagreed with FBI Director James Comey’s decision to notify Congress about his bureau’s review…”
  9. Former officials on both sides of aisle criticized Comey. New York Times: “Mr. Comey’s letter opened him up to criticism not only from Democrats but also from current and former officials at the F.B.I. and the Justice Department, including Republicans.”
  10.  Clinton and Trump both calling for more information. Huffington Post: “Both camps demanded that FBI Director James Comey disclose more details about the emails and the bureau’s investigation”

This is hardly the first time. It seems the script is always the same:

  1. Bombshell allegation is made hastily without facts available
  2. Media breathlessly covers the latest supposed Clinton Scandal
  3. Republicans declare that this time they’ve found the smoking gun
  4. Initial explosive reports slowly fizzle on account of facts

Here are just five of the many recent examples:

BOMBSHELL: @GOP, 8/30/16: “BREAKING: State Dept discovered 30 emails recovered from Hillary Clinton’s private server that discussed Benghazi.”

…facts emerge: Los Angeles Times, 9/7/16: “There appears to be only one new communication related to Benghazi… a complimentary note from a diplomat to Clinton, praising how she handled herself before a Senate panel investigating the matter.”

BOMBSHELL: @GOP, 5/5/16: “Hacker ‘Guccifer’ told news outlets that he repeatedly accessed Clinton’s unsecure email server & that ‘it was easy’”

…facts emerge: FOX News, 7/7/16: Comey: Hacker ‘Guccifer’ Lied About Accessing Clinton’s Emails

BOMBSHELL: @AP, 8/23/16: “BREAKING: AP analysis: More than half those who met Clinton as Cabinet secretary gave money to Clinton Foundation.”

…facts emerge: Vox, 8/24/16: “Except it turns out not to be true. The nut fact that the AP uses to lead its coverage is wrong, and Braun and Sullivan’s reporting reveals absolutely no unethical conduct….  the AP excluded from the denominator all employees of any government, whether US or foreign.”

BOMBSHELL: Washington Post, 8/22/16: The FBI found 15,000 emails Hillary Clinton didn’t turn over. Uh oh.

…facts emerge: CNN, 10/7/16: “Okay, so what’s in this latest batch? Short answer: No bombshells. More than half of the emails are these so-called “near duplicates” of previously released emails… There are also a number of emails between Clinton and her close aides in which they discuss scheduling matters — timing for phone calls, meetings, etc…. None of the new emails contained information marked as classified or upgraded to classified.”

BOMBSHELL: The Hill, 7/5/16: FBI director: Clinton emails were marked as classified at the time

…facts emerge: MediaIte, 7/7/16: FBI Director Admits Hillary Clinton Emails Were Not Properly Marked Classified

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Military Leaders, Experts Agree: Trump is Wrong on Mosul

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This week, Donald is adding to his long history of trashing the U.S. military and disrespecting veterans and military families. Trump has been criticizing the Iraqi-led military operation in Mosul, despite the fact that U.S. military experts have called him out for his reckless and disrespectful claims.

On Sunday, Trump tweeted “The attack on Mosul is turning out to be a total disaster. We gave them months of notice. U.S. is looking so dumb.” At his rally in Florida, Trump went on to say, “Our leadership is stupid. These are stupid people.” And on Monday, he gave an interview in which he said, “You see how badly that fight is going.”

Not only are many of Trump’s comments flat-out wrong, he demonstrates a profound lack of understanding of military strategy. Hillary Clinton addressed his comments yesterday in New Hampshire saying, “He’s proving to the world what it means to have an unqualified commander-in-chief. It’s not only wrong, it’s dangerous.”

Military experts agree – Trump is wrong about Mosul:

New York Times: Donald Trump Is Wrong on Mosul Attack, Military Experts Say

Politico: Trump misfires on Mosul

The Hill: Mosul campaign Trump called ‘total disaster’ making gains, officials say

Wall Street Journal: Trump at Odds With Pentagon in Calling Mosul a ‘Total Disaster’

Washington Post’s Josh Rogin: Why is Trump rooting against U.S. troops in Mosul?

Jeff McCausland, retired Army colonel and former dean at the Army War College in Carlisle, PA: “What this shows is Trump doesn’t know a damn thing about military strategy.”

Robert Gates, former defense secretary: “‘When you look at the other things he’s said about the military, about how the senior officers are a disaster and so on and so forth, my guess is most folks on active duty don’t take seriously what he has to say,’ said Robert Gates, who served as defense secretary for both Bush and Obama.”

Mark Kimmitt, retired one-star Army general and former Pentagon official: “‘Strategic surprise is rarely accomplished, but tactical surprise — the how and where of low-level attacks — is kept secret,’ said Mark Kimmitt, a retired one-star Army general and former senior Pentagon official. ‘Mr. Trump does not seem to understand this critical distinction between strategy and tactics.’”

Richard A. Kohn, professor emeritus at the University of North Carolina: “But the endorsements, the reverence of Patton and MacArthur, and Mr. Trump’s military assessment do not impress national security historians like Richard H. Kohn, a professor emeritus at the University of North Carolina: “I don’t think it really demonstrates any understanding of warfare.”

George Little, former CIA and Pentagon senior official: “Shameful that @realDonaldTrump has declared the battle for Mosul a failure before it’s really even begun. Another reason #ImWithHer.”

Peter Mansoor, retired Army colonel: “Peter Mansoor, a retired Army colonel who aided Petraeus in Iraq, said political rhetoric such as Trump’s can affect the morale of those ‘serving in uniform at the sharp end of the spear.’”

Robert Scales, retired Army major general and former commandant of the Army War College: “Robert Scales, a retired Army major general and former commandant of the Army War College, said the unfolding Mosul campaign is a course in Military Operations 101 that American and Iraqi armies have followed for years. A large allied force approaches the objective (Mosul, in this case) from multiple directions, establishes a loose cordon around the city, and peels away the outlying towns and villages, all the while opening an escape route for refugees and people who do not want to fight, General Scales said.”

  • “‘There are over a million innocents in the city so you want to give them an opportunity to take cover or to leave,’ said General Scales… Once the advancing force reaches the most hardened fighters, often concentrated in a city center, “You pound the bejesus out of them with artillery and precision-guided bombs until they surrender or die,” General Scales said. ‘There’s absolutely no surprise in all this.’”
  • “‘If you want to kill the bad guys, kill them in the open, not hunkered down in fortified positions, with booby traps strewn all around them,’ said General Scales. ‘Everyone knows that’s’”

Michael Singh, former senior director for Middle East Affairs at the White House: “‘The Mosul operation is an Iraqi operation, not a U.S.-led one,’ rebutted Michael Singh, a former Bush administration official now with the Washington Institute for Near East Policy. ‘And it appears quite likely to succeed in wresting the city from ISIS’ control. The notion of a ‘sneak attack’ makes no sense here — this is a massive operation, and Iraqi and other coalition forces have spent months ‘shaping the battlefield’ in preparation for it.’”

Matthew Spence, former defense official: “”The language he uses and the lack of meaningful critique — it’s unpresidential and deeply unhelpful for American foreign policy.”

And when it comes to the military, Trump’s bluster doesn’t stop with Mosul. Yesterday, in a local interview, Trump falsely suggested that he had been “endorsed largely, at least conceptually, by the military.”

NBC News: Trump Cites Police, Military, ICE Endorsements That Didn’t Happen: “On Monday, he told News4Jax that the United States military ‘conceptually’ endorsed him and that ‘virtually every police department’ in the country backed his bid for the presidency. During last week’s third debate, Trump said his hardline stance on immigration and pledge to build a border wall had earned him an endorsement from Immigration and Customs Enforcement. But none of that is true.”

Business Insider: “Trump has indeed been endorsed by several dozen retired generals and admirals, but many of the most well-known military figures alive today — including dozens from within the Republican Party itself — have denounced Trump in strong terms. And Trump has said the US military is a ‘disaster.’”

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HFA Releases Trump Tax Calculator

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Today, The Briefing released the following after it was revealed Donald Trump may not have paid taxes for eighteen years.

No time to read? Get the toplines here:

  • Over the weekend, The New York Times published quite the story: Donald Trump, self-proclaimed tremendous businessman, lost $916 million (!) in a single year.
  • That would have allowed him to take advantage of a loophole in our tax system — and potentially weasel out of paying federal income taxes for 18 years.
  • But he still won’t release the rest of his tax returns. So who’s to say what else he’s hiding.
  • Check out our Trump “Smart” Tax Calculator, to see how much you’d pay in taxes if you paid at the same rate as Trump.
  • Read The New York Times’ original story here.

    This weekend, we got the clearest example yet why Donald Trump has been so reluctant to release his tax returns.

    Here’s the full story: A couple weeks ago, an anonymous source mailed The New York Times parts of Trump’s 1995 tax returns. The Paper of Record investigated further and published a piece on Saturday night detailing how the GOP’s presidential candidate could have taken advantage of our broken, billionaire-friendly tax system to avoid paying his fair share.

    This gets complicated, so let’s go through it point by point:

  • It all started with Trump — the man with the “very good brain” — losing nearly a billion dollars in 1995 after making a series of really, really bad investments.
  • But while those terrible business decisions no doubt led to workers getting laid off and small businesses getting stiffed, Trump himself stood to benefit from losing all those millions.
    • Our tax code would have allowed him subtract any business-related loss from his own personal taxes.
    • And because he lost so much money in 1995, he may have skirted paying any federal income tax for nearly two decades.
  • So while the rest of us were chipping in to help fund our military and our public education system, Donald Trump probably weaseled out of paying a single cent.

We got all of this from just three pages of documents. Imagine what the rest of his tax returns would reveal — what other sketchy business practices he’s embraced and what other murky ethical decisions he’s made.

We can only hope that this new report will lead to more facts coming to light in the next few weeks. In the meantime, though, we put together a Trump “Smart” Tax Calculator, so you can see how much you’d pay in taxes if you paid at the same rate as Trump. (Hint: It’s almost certainly less than what you pay right now.)

With just 36 days to go, we need your help to guarantee that this failed businessman never gets to run the largest national economy in the world. Share this calculator with your friends and make sure they know the truth about Trump’s business “success”.

For all the latest, follow our Scheduled Events page and follow Clinton on Twitter, Facebook, YouTube, and Instagram. Also, be sure to subscribe to the campaign’s official Podcast, With Her.

HFA Statement on Report That Trump Used Business Failures to Avoid Paying Taxes

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Hillary for America Campaign Manager Robby Mook released the following statement following a report from The New York Times revealing that Donald Trump used his business losses to avoid paying income taxes.

“There it is. This bombshell report reveals the colossal nature of Donald Trump’s past business failures and just how long he may have avoided paying any federal income taxes whatsoever. In one year, Donald Trump lost nearly a billion dollars. A billion. He stiffed small businesses, laid off workers, and walked away from hardworking communities. And how did it work out for him? He apparently got to avoid paying taxes for nearly two decades — while tens of millions of working families paid theirs. He calls that ‘smart.’ Now that the gig is up, why doesn’t he go ahead and release his returns to show us all how ‘smart’ he really is?”

For all the latest, follow our Scheduled Events page and follow Clinton on Twitter, Facebook, YouTube, and Instagram. Also, be sure to subscribe to the campaign’s official Podcast, With Her.

News Source: The New York Times

Hillary Clinton Endorsed by Newspapers Across the Country

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Hillary for America released the following summary of major newspaper that have announced their endorsement of Hillary Clinton for president.

Editorial boards from across the country are backing Hillary Clinton over Donald Trump because they find her to be qualified for the office and fit to serve, and they find him lacking both. There is an unprecedented depth and breadth of endorsements, many of which highlight Clinton’s strength while lamenting the danger Trump would pose as President. In fact, the Dallas Morning News had not backed a Democrat for more than 75 years and the Cincinnati Inquirer had not backed a Democrat since 1916.

See for yourself.

Akron Beacon Journal [9.25.16]

“An election is a choice, and at home, Clinton also far exceeds her opponent in vision, knowledge and policy. Here, she is about change, if not the sweeping — and unrealistic — variety. […] The focus belongs on the breadth of her record and what Hillary Clinton would bring to the presidency, her appreciation of what it takes to govern and her grasp of how to do so. She is resilient, tested and calm. She knows her way around the partisan battles. The country doesn’t need a revolution. It isn’t a wreck. It requires the right brand of change.”

Portland Press Herald [9.25.16]

“…Clinton is one of the most qualified people ever to run for the office, and she easily earns our endorsement. She has both executive branch and legislative experience as well as an expert’s depth of knowledge in both domestic and foreign policy.”

New York Times [9.25.16]

“Over 40 years in public life, Hillary Clinton has studied these forces and weighed responses to these problems. Our endorsement is rooted in respect for her intellect, experience, toughness and courage over a career of almost continuous public service, often as the first or only woman in the arena. […]a determined leader intent on creating opportunity for struggling Americans at a time of economic upheaval and on ensuring that the United States remains a force for good in an often brutal world.”

Cincinnati Enquirer [9.24.16]

“Trump is a clear and present danger to our country. He has no history of governance that should engender any confidence from voters. Trump has no foreign policy experience, and the fact that he doesn’t recognize it – instead insisting that, “I know more about ISIS than the generals do” – is even more troubling. His wild threats to blow Iranian ships out of the water if they make rude gestures at U.S. ships is just the type of reckless, cowboy diplomacy Americans should fear from a Trump presidency. Clinton has been criticized as being hawkish but has shown a measured approach to the world’s problems. Do we really want someone in charge of our military and nuclear codes who has an impulse control problem? The fact that so many top military and national security officials are not supporting Trump speaks volumes. […] In these uncertain times, America needs a brave leader, not bravado. Real solutions, not paper-thin promises. A clear eye toward the future, not a cynical appeal to the good old days. Hillary Clinton has her faults, certainly, but she has spent a lifetime working to improve the lives of Americans both inside and outside of Washington. It’s time to elect the first female U.S. president – not because she’s a woman, but because she’s hands-down the most qualified choice.”

Los Angeles Times [9.24.16]

“We can elect an experienced, thoughtful and deeply knowledgeable public servant or a thin-skinned demagogue who is unqualified and unsuited to be president. […] Perhaps her greatest strength is her pragmatism — her ability to build consensus and solve problems. As president, she would be flexible enough and experienced enough to cut across party lines and work productively with her political opponents. As first lady, she worked with Sen. Edward Kennedy (D-Massachusetts) and Sen. Orrin Hatch (R-Utah) to create the Children’s Health Insurance Program, which provides healthcare coverage to more than 8 million children. As a senator, she was instrumental in persuading a Republican president to deliver billions of dollars in aid to New York after September 11. As secretary of State, she led the charge to persuade nations around the world to impose the tough sanctions on Iran that led to the landmark nuclear agreement, and she negotiated a cease-fire between Israel and Hamas.”

Dallas Morning News [9.7.16]

” Trump’s values are hostile to conservatism. He plays on fear — exploiting base instincts of xenophobia, racism and misogyny — to bring out the worst in all of us, rather than the best. His serial shifts on fundamental issues reveal an astounding absence of preparedness. And his improvisational insults andmidnight tweets exhibit a dangerous lack of judgment and impulse control. After nearly four decades in the public spotlight, 25 of them on the national stage, Clinton is a known quantity. For all her warts, she is the candidate more likely to keep our nation safe, to protect American ideals and to work across the aisle to uphold the vital domestic institutions that rely on a competent, experienced president. Hillary Clinton has spent years in the trenches doing the hard work needed to prepare herself to lead our nation. In this race, at this time, she deserves your vote..”

WIRED Magazine [8.18.16]

“She comes to every policy conversation steeped in its history and implications, and with opinions from a diverse set of viewpoints. She is a technician, and we like technicians. […] she is the only candidate who can assess the data, consult with the people who need to be heard, and make decisions that she can logically defend. Sure, she’s calculating. She’s tactical. There are worse things you can ask of a person with nuclear codes.”

Storm Lake Times [8.3.16]

“As first lady and Secretary of State, Hillary Clinton stood up to the world powers and demanded human rights for women and children around the globe. In her public life, she has given voice to the voiceless. […] Is Hillary Clinton a good person? Yes. Is she presidential material? You bet. Would she stand up for poor immigrants in Storm Lake, Iowa? We believe it in our very soul.”

Houston Chronicle [7.29.16]

“On the issues, there’s no comparison in terms of thoughtfulness, thoroughness and practicality. […] On foreign affairs, the former secretary of state is knowledgeable, dependable and trusted worldwide, unlike her blusterous opponent whose outrageous remarks last week about Russia were merely the most recent bizarre outburst to unsettle our allies.”

For all the latest, follow our Scheduled Events page and follow Clinton on Twitter, Facebook, YouTube, and Instagram. Also, be sure to subscribe to the campaign’s official Podcast, With Her.