Just hours after a portion of his 2005 tax return was disclosed on an episode of MSNBC’s “The Rachel Maddow Show,” President Donald Trump delivers remarks to a crowded room at the American Center for Mobility in Detroit on March 15.
Watch a live stream of the speech in the video above.
It’s the first time Trump will hold a public speech after the tax return release and also after he accused former President Barack Obama of wiretapping at Trump Tower. On March 14, White House Press Secretary Sean Spicer walked back Trump’s comments on the wiretap claim.
I think there’s no question that the Obama administration, that there were actions about surveillance and other activities that occurred in the 2016 election. The President used the word wiretaps in quotes to mean, broadly, surveillance and other activities.
Trump was in Michigan visiting with leaders from the auto industry March 15, and he’s expected to announce a roll back in fuel efficiency standards.
Prior to the release of his 2005 tax return on March 14, the White House said in the statement that Trump paid $38 million in taxes in 2005. It said that Maddow is “desperate for ratings” by “violating the law to push a story about two pages of tax returns from over a decade ago.”
To check out the 2005 tax filing, read below:
Trump 2005 Tax 1040 Form by Chris on Scribd
Maddow and journalist David Cay Johnston of DCReport.com broke down the filing on her show. Johnston said that the documents were dropped off in his mailbox anonymously by someone.
As the New York Times reported, Trump wrote off over $100 million in business losses so that he could reduce his federal taxes in 2005. He reported a personal income of $150 million for that year and paid $38 million in federal income taxes, giving him an effective tax rate of 25 percent.
Trump had previously said on the campaign trail that he would not release the returns because they were going through an audit by the IRS. Shortly after Trump was sworn into office, the Trump administration said they likely would not ever release the tax filings because there wasn’t much interest in it.
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