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National

Trump goes on defense after NYT tax bombshell

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Opening sequence

National

Trump goes on defense after NYT tax bombshell

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COMING UP:Trump goes on defense after NYT tax bombshell

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00:00:00
>> Donald Trump and his allies scrambling to contain the damage Sunday, after a bombshell report saying he may have avoided Federal Income Taxes for up to 18 years, after taking a $916 million loss on his 1995 tax return. Trump unleashing a trademark early morning tweet Sunday saying, I know our complex tax laws better than anyone who has ever run for president and am the only one who can fix them #failing@nytimes.
00:00:29
His campaign earlier blasting the leak to the Times but not denying the report that said Trump could have used massive losses from failed deals in the early 90s to minimize his taxes in later years. The Clinton campaign wasting no time seizing on the article. Campaign manager Robby Mook saying in a statement that the story quote, reveals the colossal nature of Donald Trump's past business failures and just how long he may have avoided paying any federal income taxes whatsoever.
00:00:58
Trump's taxes taking over the Sunday morning talk shows. Trump's surrogate, former New York mayor Rudy Giuliani, leaping to Trump's defense telling CNN, quote, the reality is this is part of our tax code. The man's a genius, he knows how to operate the tax code for the benefit of the people he's serving.
00:01:15
I mean, the reality is that most Americans take advantage of every deduction available to them. Hillary Clinton's formal rival Bernie Sanders jumping into the fray Sunday on CNN's State of the Union. So Trump goes around and says hey, I'm worth billions. I'm a successful businessman, but I don't pay any taxes, but you, you make $15 bucks an hour, you pay the taxes, not me.
00:01:37
That is why people are angry and want real change in this country. The Times story putting Trump under even more pressure to reverse course, and release his federal returns ahead of the November elections. This story capping a brutal week for Trump, after a majority of Americans said Clinton won the first debate.
00:01:54
And a pre dawn tweet storm Friday against former Miss Universe Alicia Machado drew outrage even within his own party and renewed doubts about his temperament.