HUGH HEWITT (HOST): Welcome back, America, it's Hugh Hewitt. The New York Times dropped a big story on President Trump's taxes. Allegedly, somebody leaked tax returns of the president. I don't know if it's true or not. Michael Shear (sic) is a very good reporter. I would not have buried the way his editor did, the fact that the president paid $70 million in taxes in 2005, ‘06 and ‘07 — I think that's a total, not an annual, but I can't really tell.
Hank Adler, with whom I authored a book about The Fair Tax Fantasy many years ago, sent me a note last night. “I read the whole thing. Couple of interesting points, but surrounded by so much innuendo. When you fight your way through the actual tax return info offered, there exist few surprises, business income offsetting business losses. As to his net worth, who knows? His general focus on leisure has to have been a disaster this year.”
I really don't know, and I don't that you're — I just don't think it's what the left thinks it is. When you pay $70 million in taxes in 2005, ‘06 and ‘07, and then $750 in taxes in 2016 and 2017 — I don't think anyone votes on that, I just don't. And they might, I could be wrong, I just think they think he's a rich guy, and some years he wins, and some years he offsets losses and doesn't pay taxes in the years — those are bad years — and then good years he pays a lot of taxes.