Trump Said to Resist Pressure to Show Taxes After NYT Story
- Billionaire holds his ground after report of $916 million loss
- Republican’s backers say Trump a ‘genius’ at handling finances
Trump's Taxing Time: Pressure Mounts to Show Returns
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Donald Trump won’t release any new tax information in response to revelations that he claimed a massive tax loss in 1995 that potentially allowed him to eliminate his federal income-tax bill for almost two decades, according to two people familiar with the campaign’s thinking.
The New York Times reported late Saturday that the Republican presidential nominee recorded a $916 million loss on his 1995 income tax return, and as a result may have been able to reduce his tax bills for as many as 18 years.