Skip to content
Search AI Powered

Latest Stories

Warren Buffett Calls Trump Out, Issues Challenge

Warren Buffett Calls Trump Out, Issues Challenge

[DIGEST: Los Angeles Times, Fortune]

Billionaire Warren Buffett issued a challenge to Donald Trump while speaking at a campaign rally for Hillary Clinton in Omaha, Nebraska. Buffett called on Trump to release his tax returns, something Trump has refused to do, citing an ongoing audit by the IRS. Buffett cast doubt on Trump’s claim: “Now I’ve got news for him, I’m under audit too,” he told the crowd, “and I would be delighted to meet him anyplace, anytime, before the election. I’ll bring my tax return, he can bring his tax return… and let people ask us questions about the items that are on there.”


Trump’s refusal to release his returns, says Buffett, is an indication that Trump is “afraid,” noting that generally, you are “only afraid if you’ve got something to worry about.” Rally attendees cheered when Buffett declared that Trump is “not afraid because of the IRS, he’s afraid because of you.”

While there is no law that states that a presidential candidate must release his or her returns to the public, Trump is the only major presidential candidate since 1980 not to do so.

In fact, Trump’s refusal to comply inspired new legislation. In May, Senate Finance Committee Ranking Member Ron Wyden (D-Oregon) proposed a measure which would require all presidential candidates to release their tax returns. The measure, the Presidential Tax Transparency Act, would require

any presidential candidate to release the most recent three years of tax returns to the Federal Elections Commission (FEC). The bill states that candidates would need to release their returns within 15 days of becoming the nominee at their party’s convention. The Treasury Secretary would provide the tax returns directly to the FEC should the candidate refuse to comply.

[post_ads]

Despite Trump’s claims to the contrary, audits do not formally prohibit anyone from releasing their returns to the public. (Former President Richard Nixon publicly released his tax returns while under audit in 1973.) Sen. Wyden maintains that the Presidential Tax Transparency Act is designed to protect the integrity of the Oval Office. “Since the days of Watergate, the American people have had an expectation that nominees to be the leader of the free world not hide their finances and personal tax returns,” he said. “Tax returns deliver honest answers to key questions from the American public. Do you even pay taxes? Do you give to charity? Are you abusing tax loopholes at the expense of middle-class families? Are you keeping your money offshore? People have a right to know.”

BuffettSen. Ron Wyden. (Credit: Source.)

Buffett’s comments may further damage the Republican presidential candidate during a particularly tough week. Pundits speculated about his possible financial ties to Russia. And a number of prominent conservatives criticized Trump for his public feud with Khizr and Ghazala Khan, the parents of a Muslim American Army captain slain in Iraq in 2004, following their appearance at the Democratic National Convention in Philadelphia last Thursday evening. Buffett also weighed in on the controversy, openly admonishing Trump at the campaign rally.  “How in the world can you stand up to a couple of parents who lost a son and talk about sacrificing because you were building a bunch of buildings?” Buffett said. “Trump and his family have sacrificed nothing; building buildings is not sacrifice. I ask Donald Trump: ‘Have you no sense of decency, sir?’”

[post_ads]

More from People/donald-trump

Screenshot of J.D. Vance
C-SPAN

JD Vance Got Laughs With A Cringey 'Political Violence' Joke During His RNC Speech

Former President Donald Trump's running mate J.D. Vance was criticized for appearing to make light of the recent assassination attempt on Trump's life during his speech accepting the vice presidential nomination at the Republican National Convention.

At one point, Vance joked about "political violence" between Ohio and Michigan supporters while discussing some of his life experiences before officially starting his political career with a successful 2022 Senate campaign.

Keep ReadingShow less
Screenshots of Kamala Harris and J.D. Vance
C-SPAN; NBC News

Kamala Harris Calls Out JD Vance For 'What He Didn't Say' During RNC Speech In Epic Takedown

In a fiery speech to supporters in North Carolina, Vice President Kamala Harris called out what J.D. Vance—former President Donald Trump's freshly selected running mate—"didn't say" in his speech accepting the VP nomination on Night 3 of the Republican National Convention.

Amid much talk about key conservative issues like immigration, the ongoing border crisis, and "law and order," he did not once mention what the GOP has explicitly laid out and is now attempting to distance itself from: Project 2025.

Keep ReadingShow less
Screenshot of Daniel Dale; Donald Trump
CNN; Chip Somodevilla/Getty Images

CNN Fact-Checker Debunks Trump's RNC Speech Lies For 2 Minutes Straight—And Yeah, It's A Lot

CNN fact-checker Daniel Dale debunked lies former President Donald Trump told during his acceptance speech at the Republican National Convention, dedicating two minutes to picking apart Trump's many falsehoods.

Trump made numerous oddball remarks during his speech, particularly his reference that the world was "at peace" when he was in office until his political opponents "turned it into a planet of war," declaring that the planet is now "blowing up around us" due to Democratic policies.

Keep ReadingShow less
Screenshots of Donald Trump and Tiffany Trump
C-SPAN

Trump Snubbed Daughter Tiffany As She Went In For A Kiss At The RNC—And People Are Team Tiffany

Social media users were sympathetic to Tiffany Trump after her father, former President Donald Trump, appeared to snub her as she went in for a kiss before his climactic speech accepting the GOP's presidential nomination.

Footage from early in the evening shows a smiling Tiffany walking up the stairs toward Trump, who clearly saw her. She then attempted to greet him with a kiss only to be ignored, as he looked out at the crowd beyond her, as she walked away looking dejected.

Keep ReadingShow less
Picture of Marjorie Taylor Greene seen on "The Daily Show" with Jon Stewart
The Daily Show

Jon Stewart Just Pointed Out The Weird Noise MTG Made During Her RNC Speech—And Now We Can't Unhear It

Jon Stewart had a lot to unpack on Tuesday's airing of The Daily Show, given a wild week that included the shocking assassination attempt on former Republican President Donald Trump as well as the Republican National Convention in Milwaukee, which kicked off on Monday.

One specific highlight from the opening night of the RNC that Jon couldn't help but fixate on was far-right Georgia Representative Marjorie Taylor Greene making strange sounds while addressing delegates during her speech.

Keep ReadingShow less