2. On prospect of Trump's impending personal financial crash:
"A danger of simply running out of money soon if there is no turnaround...$421 million in personal liability debts...due soon add to the impression of an approaching risk of financial breakdown."
It’s not just a question of potential FEDERAL tax crimes—for which Trump could be indicted after leaving office.
It’s also a question of NEW YORK financial crimes—which authorities might bring even if Trump were still president.
Shaviro on the NY & NYC crimes element.👇
4. More liability trouble for Trump:
That $70,000 “deduction” for hair styling?
It likely fails as a legitimate tax deduction.
Shaviro: “Such items cannot generally be deducted unless their use is limited exclusively to the business appearance itself."
5. On that IRS audit:
“The ongoing IRS audit dispute regarding a $72.5 million loss deduction looks very bad for trump.”
Trump's "losing on this issue – as it appears he should, if the stated facts are accurate and relevantly complete."
6. As for net worth:
“Trump does not appear to be rich.”
As for business acumen:
"The pattern looks like one of recklessly and improvidently burning through one’s cash for as long as it lasts, rather than of investing prudently to create future value."
7/7. I'll end where Shaviro starts.
Among most important:
"Tax is the least of it. The article offers direct evidence of Trump’s impending financial liability to unknown lenders, and of pervasive conflicts of interest as president, that are of grave national security concern."
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Many nuggets in these #Project2025 Secret Training Videos
One is the nexus to Trump world.
Karoline Leavitt - Trump Campaign's 2024 National Press Secretary - features in video training those who would occupy positions in a new Trump administration.
"A review of the training videos shows that 29 of the 36 speakers have worked for Trump in some capacity —on his 2016-17 transition team, in the administration or on his 2024 reelection campaign."
That's 81%.
3/ In #Project2025 secret video titled, "Hidden Meanings," former Trump administration official Bethany Kozma scorns U.S. intelligence agencies' warnings of #ClimateChange.
Says climate change is a conspiracy to limit population growth. 🤯
Color-coded indictment of former president Trump for trying to overturn 2020 election.
The vast majority - green, yellow, orange - is Trump’s conduct for which he is likely not immune, and district court will likely find he can be prosecuted for it.
1/
2/ The color-coded January 6th indictment and accompanying analysis is in this @just_security article:
After Immunity: The Path Forward for the January 6th Case
By @NormEisen @Matt_Seligman @JoshuaGKolb
Very rare to get behind-scenes look at SCOTUS deliberations⤵️
Makes clear - as @charlie_savage anticipated in his 2007 book - that CJ Roberts saw #PresidentialImmunity opinion as opportunity to create maximalist presidential powers. With no compromise 1/ cnn.com/2024/07/30/pol…
2/ @CNN exclusive reporting:
"There was an immediate and clear 6-3 split."
"In their private session on the case the next day...the votes on the core issue lacked any ambiguity and Roberts was ready to write with bold strokes."
2/ A premise of SCOTUS opinion is that POTUS has "conclusive and preclusive constitutional authority" over the Justice Department.
This should unsettle Americans, regardless of party.
Take a gander at what that means in Chief Justice Roberts' own words.⤵️
3/ Potential effects for aggrandizement of power in executive branch.
Listen to @marty_lederman spell out potential implications for congressional legislation for DOJ (Roberts having sub rosa overruled/cast aside Morrison v. Olson, a 7-1 decision by Chief Justice Rehnquist).
2/ Report by Director of Economics at Yale's @The_Budget_Lab @ernietedeschi:
Analyzes the risk of a "‘black swan’ event outside of the realm of US experience, such as ... military intervention in domestic politics" with profound impact on US safe harbor investment premium.
@The_Budget_Lab @ernietedeschi 3/ "It is also reasonable to assume mass deportation of millions of migrants, the demolition of departments and agencies, and many other planned autocratic-leaning policies risk producing similar [black swan] results."