Alexandria Ocasio-Cortez Questions Michael Cohen To Target Trumps Release Of Tax Returns
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[Alexandria Ocasio-Cortez Questions Michael Cohen To Target Trumps Release Of Tax Returns]
[Alexandria Ocasio-Cortez (Democratic Party, The U.S. Representative for New York’s 14th Congressional District):] Source: LYBIO.net
First, my colleague from Vermont had asked you several questions about AMI, the parent company – the parent company of The National Enquirer, and in that you mentioned a treasure trove – a quote “treasure trove of documents” in David Pecker’s office relating to information assembled from all these catch-and-kill operations against people who had potentially damaging information on the President. You also mentioned that the President was very concerned about the whereabouts of these documents and who possessed them. Does that treasure trove of documents still exist?
[Michael Dean Cohen (American Former Attorney who was a lawyer for Donald Trump from 2006 until May 2018):]
I don’t know. I have asked David Pecker for them.
[Alexandria Ocasio-Cortez:]
So you would say the person who knows the whereabouts of these documents would be David Pecker?
[Michael Cohen:]
David Pecker, Barry Levine or um… Dylan Howard.
[Alexandria Ocasio-Cortez:]
Okay. Thank you.
[Alexandria Ocasio-Cortez:]
Um… secondly, I want to ask a little bit about your conversation with my colleague from Missouri about asset inflation. To your knowledge, did the President ever provide inflated assets to an insurance company?
[Michael Cohen:] Source: LYBIO.net
Yes.
[Alexandria Ocasio-Cortez:]
Who else knows that the President did this?
[Michael Cohen:]
Allen Weisselberg, Ron Lieberman and Matthew Calamari.
[Alexandria Ocasio-Cortez:]
And where would the committee find more information on this? Do you think we need to review his financial statements and his tax returns in order to compare them?
[Michael Cohen:]
Yes – and you would find it at the Trump Org.
[Alexandria Ocasio-Cortez:]
Thank you very much.
[Alexandria Ocasio-Cortez:]
The last – last thing here. Uh… the Trump golf organization currently has a golf course in my home borough of the Bronx, Trump Links. I drive past it every day, going between Bronx – going between Bronx and Queens. In fact, The Washington Post reported on the Trump Links Bronx course in an article entitled, ‘Taxpayers built this New York golf course and Trump reaps the rewards.’ Where many that – that article is where many New Yorkers and people in the country learned that taxpayers spent $127 million dollars to build Trump Links in a quote, “generous deal” allowing President Trump to keep almost every dollar that flows in. On a golf course built with public funds.
[Alexandria Ocasio-Cortez:]
And this does not seem to be the only time that the President has benefited at the expense of the public. Mr. Cohen, I want to ask you about your assertion that the President may have improperly devalued his assets to avoid paying taxes. According to an August 24th – [correction] – August 21st, 2016, report by The Washington Post, while the President claimed in financial disclosure forms that Trump National Golf Club in Jupiter, Florida, was worth more than $50 million – he had reported otherwise to local tax authorities that the course was worth quote, “no more than 5 million.” Mr. Cohen, do you know whether this specific report is accurate?
[Michael Cohen:]
It’s identical to what he did at Trump National Golf Club at Briarcliff Manor.
[Alexandria Ocasio-Cortez:]
Do you know – to your knowledge, was the President interested in reducing his local real estate bills? Tax bills?
[Michael Cohen:]
Yes.
[Alexandria Ocasio-Cortez:] Source: LYBIO.net
And how did he do that?
[Michael Cohen:]
What you do is you deflate the value of the asset and then you put in a request to the tax department for a deduction.
[Alexandria Ocasio-Cortez:]
Thank you. Now, in October 2018 the New York Times revealed that quote, “President Trump participated in dubious tax schemes during the 1990’s, including instances of outright fraud, that greatly increased the fortune he received from his parents.” It – it further states, of Mr. Trump quote, “he also helped formulate a strategy to undervalue his parents’ real estate holdings by hundreds of millions of dollars on tax returns, sharply reducing his tax bill when those properties were transferred to him and his siblings.” Mr. Cohen, do you know if that specific report is accurate?
[Michael Cohen:]
I don’t. I wasn’t there in the 1990’s.
[Alexandria Ocasio-Cortez:] Who would know the answer to those questions?
[Michael Cohen:]
Allen Weisselberg.
[Alexandria Ocasio-Cortez:] Source: LYBIO.net
And would it help for the Committee to obtain Federal and state tax returns from the President and his company to address that discrepancy?
[Michael Cohen:]
I believe so.
[Alexandria Ocasio-Cortez:]
Thank you very much. I yield the rest of my time to the chair.
[Connect and Follow Alexandria Ocasio-Cortez:]
Ocasio2018.com/
Facebook.com/Ocasio2018/
Twitter.com/AOC
[Connect and Follow Micheal Cohen:]
Twitter.com/MichaelCohen212
Linkedin.com/in/michaelcohen3
Alexandria Ocasio-Cortez Questions Michael Cohen To Target Trumps Release Of Tax Returns. And would it help for the Committee to obtain Federal and state tax returns from the President and his company to address that discrepancy? I believe so. Complete Full Transcript, Dialogue, Remarks, Saying, Quotes, Words And Text.