Purveyor of Truth
Using political connections to get sweet deals for himself and his real estate businesses is a Trump legacy. We'd call that pay to play in light of Trump's self admission that he donates to politicians of both parties so when he needs them they are there for him.
The way Donald J. Trump tells it, his first solo project as a real estate developer, the conversion of a faded railroad hotel on 42nd Street into the sleek, 30-story Grand Hyatt, was a triumph from the very beginning.
The hotel, Mr. Trump bragged in “Trump: The Art of the Deal,” his 1987 best seller, “was a hit from the first day. Gross operating profits now exceed $30 million a year.”
But that book, and numerous interviews over the years, make little mention of a crucial factor in getting the hotel built: an extraordinary 40-year tax break that has cost New York City $360 million to date in forgiven, or uncollected, taxes, with four years still to run, on a property that cost only $120 million to build in 1980.
The project set the pattern for Mr. Trump’s New York career: He used his father’s, and, later, his own, extensive political connections, and relied on a huge amount of assistance from the government and taxpayers in the form of tax breaks, grants and incentives to benefit the 15 buildings at the core of his Manhattan real estate empire.
Since then, Mr. Trump has reaped at least $885 million in tax breaks, grants and other subsidies for luxury apartments, hotels and office buildings in New York, according to city tax, housing and finance records. The subsidies helped him lower his own costs and sell apartments at higher prices because of their reduced taxes.
The following just out from THE HILL:
After several weeks of positive news cycles and polling gains brought about by a more disciplined campaign, Donald Trump has committed a series of stumbles in recent days that experts see as a return to “bad Trump.”
GOP strategists are urging Trump to get back on track before the first presidential debate in nine days, while Democrats are exhaling after a week of panic brought on by Hillary Clinton's own setbacks.
Trump has seemed to slip back into his primary-election style, stirring up controversy and lashing out at critics as he rode a wave of quickly improving poll numbers. Read The Rest Below the Fold.
Ayup. Trump continuing to repeatedly prove himself to be the phony that he is.