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Politics

Voters on Trump's taxes: 'Selfish' & 'Immoral'

Opening sequence

Opening sequence

Politics

Voters on Trump's taxes: 'Selfish' & 'Immoral'

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COMING UP:Voters on Trump's taxes: 'Selfish' & 'Immoral'

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Transcript

00:00:00
>>
APPLAUSE
>> Republican presidential nominee, Donald Trump, and his supporters, scrambling in recent days to put a positive spin on the bombshell report that he took a nearly $1 billion business loss in the mid '90s in order to minimize his tax bill. But it won't be an easy sell.
00:00:15
Reuters Polling Editor, Chris Kahn.>> Questions were in the field pretty much right after the first presidential debate, and they continued all the way through the weekend when we had that report from the New York Times. Donald Trump considered himself and other people who didn't pay any taxes as smart.
00:00:29
>> I have brilliantly used those laws.>> Turns out the American public would actually have a different set of words that they would use, things like immoral, unpatriotic, selfish.>> Trump, who has not denied the New York Times story that published the massive loss from his 1995 taxes, is also trying another tact, saying his tax maneuvering was not only smart, but his duty.
00:00:50
>> That I have a fiduciary responsibility to pay no more tax then is legally required, like anybody else.>> The rationale of a fiduciary duty, though an actual legal responsibility for business owners and directors, is equally untenable, as individuals are under no obligation to minimize their own personal income tax.
00:01:08
And Trump's finagling of the tax law may not sit well with the electorate.>> People expect a little bit more of presidential candidates. These are people who are running for office, who are gonna be asking for tax dollars to fulfill whatever agenda that they have. And so, it's not just like a private citizen who's found ways of reducing their own tax burden for them and their families.
00:01:28
These are presidential candidates who are gonna be asking other people to be paying, and yet they're not paying themselves.>> Trump, who has yet to release his tax returns, will get a chance to explain his thinking at his next debate on Sunday.