Bernie Sanders Takes Action Against Trump's Exploitation of Tax Loopholes With New Bill


Sen. Bernie Sanders (I-VT) remains a staunch advocate for working people and one of Hillary Clinton's strongest surrogates. Since appearing on CNN blasting Trump on the bombshell New York Times report, Sanders has taken his resentment with the so-called billionaire to the next level. On Tuesday, Sanders announced that he would introduce legislation to effectively close the loopholes Donald Trump exploited that allowed him to potentially avoid paying federal income tax for decades.

“Special tax breaks and loopholes in a corrupt tax code enable billionaires and powerful corporations to avoid paying their fair share of taxes while sticking the burden on the middle class,” Sanders said

Sanders insists that a tax code which favors wealthy investors like Trump does not, in fact, help the economy. Only a corrupt system would reward Trump's $916 million in losses, like it did according to the documents obtained by the New York Times. 

“It's time to create a tax system which is fair and which asks the wealthy and powerful to start paying their fair share of taxes. I will be introducing comprehensive legislation at the beginning of the next session of Congress to do just that,” Sanders announced.

Watch: Sanders slams Trump's tax loophole:

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by