Bernie Sanders

Bernie Sanders Will Go To Town On Trump's Tax Loophole

It's not exactly a secret Senator Bernie Sanders is not a fan of the "billionaire class," and he's particularly angry Donald Trump might've avoided paying federal income taxes for nearly two decades via tax rules that favor wealthy real estate investors.

On Tuesday, Sanders announced he will introduce legislation during the next session of Congress aimed at closing the loopholes Trump possibly used to avoid paying taxes.

The Vermont senator said,

Sanders released a factsheet on the tax loopholes his bill would close.

Bernie Sanders

Over the weekend, the New York Times reported Trump declared a loss of $916 million on his 1995 income tax returns, which could've allowed him to avoid paying federal taxes for 18 years due to certain tax rules.

According to the Times, this might have allowed Trump to earn $50 million per year for 18 years without paying taxes.

Trump's surrogates have attempted to paint him as a business genius for this.

But Bernie Sanders clearly isn't having it.

On Sunday, Sanders told Jake Tapper,

Sanders also completely dismissed the notion Trump's tax practices make him a "genius" on ABC's "This Week."

He said,

The man has a point.

Citations: Sanders Announces Bill to Close Tax Loopholes Used by Trump (Bernie Sanders)