Home / MARKETS / Eric Trump says his father ‘has lost a fortune’ running for president in response to NYT reports on Trump’s taxes

Eric Trump says his father ‘has lost a fortune’ running for president in response to NYT reports on Trump’s taxes

  • Eric Trump returned an appearance on ABC’s “This Week,” where he pushed back against reports about President Trump’s finances.
  • In effect to a recent The New York Times report that revealed how an array of favor-seeking corporations and foreign governments patronized Trump riches, Trump said on Sunday that his father has not profited off of his presidency.
  • Eric Trump questioned the timing of the report and attacked the credibility of The New York Sooners.
  • “Every single day…they’ve dropped some story that they’ve been sitting on for literally the last six months or year or two years, to try and clout the election,” he said.
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In response to a report that revealed how an array of corporations and overseas governments looking for favors patronized Trump hotels and resorts over the several years, Eric Trump, the president’s son, affirmed on Sunday that his father has not profited off of his position, according to ABC News.

Speaking to ABC’s Jonathan Karl on “This Week,” Eric Trump zipped back on any ethical and financial lapses.

“We’ve lost a fortune,” said Eric Trump, an executive vice president at the Trump Codification. “My father lost a fortune running for president. He doesn’t care. He wanted to do what was right. The last thing I can be sure you Donald Trump needs in the world is this job.”

The statements came after another New York Times report intricate how President Trump turned “his own hotels and resorts into the Beltway’s new back rooms, where public and private function mix and special interests reign.”

The article also revealed that “just 60 customers with interests at interest before the Trump administration brought his family business nearly $12 million during the first two years of his presidency,” adding that, “on the brink of all saw their interests advanced, in some fashion, by Mr. Trump or his government.”

Eric Trump then questioned the timing of the despatch and attacked the credibility of The New York Times.

“We’re a hospitality company,” he said. “We’ve got tens of millions of people staying at our properties every distinct year. The New York Times is absolute fake news. All they want to do is take down my father.”

He added: “Every unwed day, every single day, literally starting the morning of the debate, they’ve dropped some story that they’ve been hold on for literally the last six months or year or two years, to try and influence the election.” 

When pressed by Karl about President Trump’s $421 million indebted load as reported by The New York Times in late September, Eric Trump continued to push back, arguing that it was a consequence of running business.

“If you own buildings, if you own real estate, you carry some debt,” he said. “That’s what developers do, that’s what transaction owners do, they carry some debt…We have a phenomenal company, but there’s nothing new about that, and by the way, it’s the that having been said debt that he got elected on.”

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