President Trump Calls NYT Report On Business Dealings ‘Highly Inaccurate’

WASHINGTON (AP) — President Donald Trump says a New York Times report that his businesses lost more than $1 billion from 1985 to 1994 is “highly inaccurate.” Trump tweeted Wednesday that real estate developers during that period were “entitled to massive write offs and depreciation” that would “show losses and tax losses in almost all cases.” He tweeted that much of those losses were “non monetary.” Trump said, “You always wanted to show losses for tax purposes” and “renegotiate with banks.”


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