IS TRUMP’S “FORECLOSURE KING” IN OVER HIS HEAD? - FORECLOSURE FRAUD

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IS TRUMP’S “FORECLOSURE KING” IN OVER HIS HEAD?

IS TRUMP’S “FORECLOSURE KING” IN OVER HIS HEAD?

Vanity Fair-

When Donald Trump was running for president, he vowed to pass a tax-reform bill the likes of which the country hadn’t seen for more than 30 years, which got a lot of people who wouldn’t otherwise be thrilled about the real-estate developer moving into the Oval Office excited. Unfortunately, as the last eight months have shown, passing legislation is slightly harder than standing at a lectern and yelling about locking up Hillary Clinton and a lot more boring than getting into Twitter feuds with Megyn Kelly. Luckily for Trump, he’s been able to outsource much of the tax-reform effort to Treasury Secretary Steven Mnuchin,freeing up his time to fight with professional football players for not standing during the National Anthem and provoke North Korea into nuclear war. Unfortunately for Trump, it appears that Mnuchin is wildly in over his head. The Wall Street Journal reports that Mnuchin, whose path to the Treasury involved a gig at Goldman Sachs, starting a hedge fund, dabbling in the movie business, and running a “foreclosure machine” out in California, has more than a few hurdles in his way, including but not limited to:

An ongoing debate about how the government is going to pay—or not pay—for enormous tax cuts: “Stacked against Mr. Mnuchin, as negotiations near the make-or-break stage, are unresolved intraparty disagreements over how much lost tax revenue is acceptable and how tax cuts should be apportioned among companies, high-income earners, and the middle class. Lobbyists stand ready to resist almost any proposed changes.”

[VANITY FAIR]

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