Rep. Beyer Statement on Trump Tax Revelations - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 29, 2020 Newswires
Share
Share
Post
Email

Rep. Beyer Statement on Trump Tax Revelations

Targeted News Service

WASHINGTON, Sept. 29 -- Rep. Don Beyer, D-Virginia, issued the following statement on Sept. 28:

Rep. Don Beyer (D-VA), who serves on the House Committee on Ways and Means and its subcommittee with jurisdiction over taxation, issued the following statement today on New York Times reporting that Donald Trump avoided paying income tax for 10 years and paid only $750 in the year of his election and the first year of his presidency:

"The revelation that Donald Trump paid almost no personal income taxes for many years is not surprising, but it is outrageous. Far more important, however, is Trump's use of the government for his personal benefit rather than that of the American people.

"Even as Trump took advantage of tax laws that benefit the wealthy, quite possibly in illegal ways, he worked with Republicans to make those laws in many ways even more beneficial to the super-rich. More than half of American households have an annual income smaller than the sum Trump wrote off for hair expenses, yet his most consistent policy initiative has been his attempts to weaken their health care protections.

"Trump offset the substantial losses of his personally-branded properties by using his office to boost the profile of those properties. He welcomed the patronage of rich supporters and wealthy corporations who in many cases were rewarded with influence. He spent American taxpayer dollars at his properties with frequent visits, and solicited the support of foreign investors and governments through unconstitutional emoluments. The national security ramifications of his corruption are grave.

"It is likely that we will be uncovering the full measure of Donald Trump's lies about his personal finances and abuses of power for personal profit for years to come. Congress has an important role in oversight, given these revelations, and in correcting the deeply flawed system that allows such awful inequality."

Older

Congressional Research Service Report: 'Death of Justice Ruth Bader Ginsburg: Procedural Issues on an Eight-Justice Court'

Newer

Trump, Biden Set To Square Off On 6 Issues In 1st Presidential Debate

Advisor News

  • How much could failure to fund Social Security cost average Americans?
  • How can more Americans achieve financial independence?
  • Savers vs. spenders: How money management attitudes impact financial confidence
  • Demonstrating the value of life insurance to Gen Z
  • Poor money habits are a dealbreaker in a new relationship
More Advisor News

Annuity News

  • Canvas steps into the direct-to-consumer market that has yet to take off
  • The next growth phase in life/annuities depends on modernization
  • CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
More Annuity News

Health/Employee Benefits News

  • Why Americans seeking affordable doctor visits and medicines abroad may misjudge healthcare quality
  • Gov. Stitt names OHCA interim director
  • Iowa health insurers propose premium increases for ACA customers
  • Atrium pushes back after State Health Plan leaves healthcare network out of Tier 1
  • BUILDING A COMPETITIVE BENEFITS PACKAGE IN 7 EASY WAYS
More Health/Employee Benefits News

Life Insurance News

  • USAA introduces Secure Start whole life program for children
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on South Korea’s Non-Life Insurance Market
  • Horace Mann Strengthens Customer Relationships and Accelerates Long-Term Growth Through Transactions with Medical Mutual of Ohio
  • Regulators: ‘No firm conclusions’ from first offshore reinsurance filings
  • Allianz Life Study Finds Americans Struggle to Shift From Retirement Saving to Spending
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet