BY DAVID COLON
April 13, 2017
It’s almost Tax Day in America, which means that citizens across our great nation are doing everything they can to not be hit with a devastating Write-off by Irwin R. Schyster. It also means that President Trump’s taxes are in the news again. In advance of marches that will be held nationwide this weekend to demand that the president release his tax returns, one City Council member is working on a bill that he says would force Trump to release his tax returns to the public.
Council Member Corey Johnson told the News that he’s planning on introducing a bill that would regulate any “non-public benefit organizations that have concessions that generate $0 in ‘approximate gross revenue received'” and would require any person named in said entity in a concession agreement to show their tax returns. In plain English, the bill is specifically worded in such a way that it would only apply to Trump Ferry Point LLC, and would thus require Trump, or anyone else with their name on the LLC, to release his tax returns every year that Trump Ferry Point LLC has had a contract to run the controversial city-funded Trump Golf Links at Ferry Point in the Bronx.
“If you’re benefiting from lucrative City contracts, you owe the public a high degree of transparency,” Johnson said in a statement announcing his plans for the bill. “When you’re profiting from a City contract that doesn’t return a dollar back to the City and your name is branded all over the property, transparency is vital. Donald J. Trump has made millions of dollars off City contracts, yet his finances are a complete mystery. We need to pull back the curtain on Donald Trump’s tax secrets. The choice should be simple: make your returns public or relinquish your contracts with the City of New York.”
In the statement, Johnson claimed the the Trump Organization was one of the few companies in the city with a concessions contract that doesn’t provide any revenue to the city, which “means that the Trump Organization is paying nothing to the City for the privilege of operating a private golf course on public property in the Bronx.” While the bill isn’t finished yet, Johnson told the News that he hopes to introduce it next month.
A spokesperson for the Trump Organization referred us to the White House for comment. We will update this story if they respond.