Skip to content
Search AI Powered

Latest Stories

A Fox and Friends Host Just Claimed That Trump Losing $1 Billion Means He's Actually Good at Business and People Aren't Buying It

A Fox and Friends Host Just Claimed That Trump Losing $1 Billion Means He's Actually Good at Business and People Aren't Buying It
Fox and Friends/Twitter

Nope.

"Fox and Friends" host Brian Kilmeade had nothing but praise for President Donald Trump after a New York Times investigation produced records revealing Trump lost $1.17 billion dollars over a ten-year period. That's so much money, in fact, that Trump was able to avoid paying income taxes for eight of the 10 years.

“He lost a lot of money over the course of 10 years, if you consider a billion dollars a lot of money," Kilmeade said before referring to Trump as a "bold" businessman, adding:


“It’s as if you buy something and it doesn’t pay out right away or ever you’re a loser. No, you take shots, you have an opportunity to do things, that’s the way you live. The reason why we all knew Donald Trump’s name is because for 30 years that’s what he did... What do people not understand about he’s a little bit different from most people?”

Kilmeade's co-host, Ainsley Earhardt, also offered a spirited defense of the president, saying that voters won't care about Trump losing so much money because "he was campaigning on the trail with his plane behind him that's as big as a Delta jet, with his name on it."

“If anything, you read this and you’re like ‘Wow, it’s pretty impressive, all the things that he’s done in his life,’" she said. "It’s beyond what most of us could ever achieve.”

People aren't buying the logic coming out of "Fox and Friends" this morning.

Although The New York Times did not obtain Trump's actual tax returns, it received the information contained in the returns from "someone who had legal access to it." As the publication notes:

"The Times was then able to find matching results in the I.R.S. information on top earners — a publicly available database that each year comprises a one-third sampling of those taxpayers, with identifying details removed. It also confirmed significant findings using other public documents, along with confidential Trump family tax and financial records from the newspaper’s 2018 investigation into the origin of the president’s wealth."

The investigation found that Trump was in "deep financial distress" by the time his book The Art of the Deal hit bookstores in 1987. By 1990 and 1991, he reported losses of more than $250 million, more than any other high-income individual taxpayer. That continued through the years, the Times noted, writing that Trump appeared to lose “more money than nearly any other individual American taxpayer."

Trump himself responded to the Times story saying that he intended to suffer more than $1 billion losses, writing that those losses created a "tax shelter."

"You always wanted to show losses for tax purposes....almost all real estate developers did - and often re-negotiate with banks, it was sport," he argued before calling the story "a highly inaccurate Fake News hit job!"

Charles J. Harder, a lawyer for Trump, told the Times that the tax information the newspaper acquired was "demonstrably false." He added that the Times' statements "about the President's tax returns and business from 30 years ago are highly inaccurate," though he did not cite any specific errors with the newspaper's reporting.

In his own defense of the president, former House Speaker Newt Gingrich, appearing on "Fox and Friends," said that the president's losses show he was right to push for tax reform that cut taxes significantly for the wealthy.

"When you lower taxes, there is less reason to have shelters, and when you lower taxes there is less reason to create losses for tax purposes,” he said. “So, in a very real way, the Trump tax cuts are vindicated by The New York Times story.”

More from People

Jasmine Crockett Calls Out Trump's Hypocrisy By Pointing Out How Melania Got Her Visa
Leigh Vogel/Getty Images for SiriusXM; Kayla Bartkowski/Getty Images

Jasmine Crockett Calls Out Trump's Hypocrisy By Pointing Out How Melania Got Her Visa

Texas Democratic Representative Jasmine Crockett pointed out President Donald Trump's hypocrisy on immigration considering how First Lady Melania Trump's pathway to citizenship was possible because she received an "Einstein visa," which is usually reserved for an individual with "some sort of significant achievement."

Speaking during a House Judiciary Committee hearing titled “Restoring Integrity and Security to the Visa Process,” Crockett noted that “the idea that Trump and my Republican colleagues want to restore integrity and security in the visa process is actually a joke," and harshly criticized the Trump administration's immigration crackdown and visa restrictions.

Keep ReadingShow less
Screenshots of Jennifer Griffin and Pete Hegseth
The Hill

Fox Host Comes To Reporter's Defense After Pete Hegseth Berates Her At Pentagon Briefing

Fox News' chief political analyst Brit Hume came to the defense of Fox national security reporter Jennifer Griffin after their former colleague, Defense Secretary Pete Hegseth, criticized Griffin as the reporter "who misrepresents the most intentionally what the president says” in a Pentagon news conference.

Hegseth, a former Fox News anchor, had criticized media outlets—including his former network—for what he described as unpatriotic reporting. Hegseth took particular aim at early intelligence assessments suggesting that President Donald Trump's bombing of Iran may not have significantly crippled Iran’s nuclear capabilities.

Keep ReadingShow less

Teachers Share The Questions Students Asked In Class That Broke Their Hearts

Being a teacher is a calling.

It is not for the meek or weak of heart.

Keep ReadingShow less
Screenshot of Emily Compagno
Fox News

Fox Host Slams Dem For Dropping An F-Bomb After Praising Trump For The Same Thing Just Minutes Earlier

Fox News host Emily Compagno was criticized after she praised Donald Trump's use of the "f-bomb" earlier this week before condemning Texas Democratic Representative Jasmine Crockett's use of the same word—on the same episode of her show, no less.

Trump made headlines this week after admonishing Israel and Iran for violating a ceasefire agreement he'd announced on Truth Social. Although he claimed the ceasefire had been "agreed upon," Iran fired at least six missile barrages at Israel after it was supposed to take effect.

Keep ReadingShow less
Ken Jennings; Emily Croke
@Jeopardy/Instagram

Champ's Wild Final Jeopardy Connection

In a dramatic conclusion on last Monday’s Jeopardy!, a contestant revealed a surprising relationship to the final clue's answer. Hailing from Denver, Emily Croke made it to the final write-in portion of the game show with $12,200 in earnings.

In the category of “Collections,” host Ken Jennings read the clue:

Keep ReadingShow less