‘Don’t Give Money to the Man Who Stole Your Money’: Trump Says He Won’t Pay His Taxes
President Donald Trump says he won’t pay his federal income taxes until the end of the year, saying that he will make up for lost revenue by making “a massive payment to charity” and making “massive payments” to people who have already contributed.
“We are going to be very, very strong.
We’re going to make a tremendous payment to charitable organizations,” Trump said during a White House briefing Tuesday, according to CNN.
“But it’s not going to take a year or two.
We are going, at the end, to make massive payments to charitable groups, and they will make tremendous payments.”
Trump also reiterated his promise to pay his taxes during a press conference earlier Tuesday.
“It’s very important that we pay our taxes, we have to,” he said.
“I’ll be going through the books and paying my taxes.
I’m paying my tax.
And we’ll see what happens.”
The White House released a brief statement on Tuesday saying that Trump had “made a massive payment” to charitable entities.
“The President made a substantial contribution to a number of charities,” the statement said.
“[Trump] has already pledged to continue this pattern of giving and to pay every federal income tax due on the value of all of his properties, profits, and investments.
The President continues to honor his commitment to donate millions of dollars to charities.”
The president also announced the appointment of former Federal Reserve Chairman Ben Bernanke to head the Federal Reserve Board, saying he would bring “a fresh perspective and new insights into the economy and financial markets.”
Trump was also expected to sign an executive order that will boost the minimum wage, as well as an executive memorandum on infrastructure, which will allow him to make infrastructure projects with private funds, as long as they’re approved by Congress.