[ad_1]
Currently, the president owes $ 421 million in outstanding loans, most of which are due in four years. He continues to fight an ongoing audit with the IRS, an official financial inspection of his company’s accounts, following a $ 72.9 million tax refund in 2010. Based on the results of the audit, Trump could face fines of 100 million dollars.
“I think this is the most damaging of the revelations,” University of Otago politics professor Robert Patman explained to The AM Show Tuesday morning.
“It cuts through the narrative that Trump is an independently successful person, a self-made billionaire – in fact, he has to pay $ 421 million over the next four years.”
Trump is currently campaigning for his second term as president of the United States, the election date set for November 3. The Republican candidate is competing against Democratic candidate Joe Biden, who served as vice president under the Barack Obama administration from 2009 to 2017.
Trump has denied the reports, dismissing the investigation as “fake news.”
