Trump Is Asked About Taxes in Debate

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transcript

Trump Is Asked About Taxes in Debate

In the presidential debate, Joseph R. Biden Jr. asked President Trump about his tax returns after a recent report revealed that he had paid only $750 in federal income taxes in 2016 and 2017.

“Is it true that you paid $750 in federal income taxes each of those two years?” “I’ve paid millions of dollars in taxes, millions of dollars of income tax. And let me just tell you, there was a story in one of the papers, I paid —” “Show us your tax returns.” “I paid $38 million one year. I paid $27 million —” “Show us your tax returns.” “The tax code that made him, that put him in a position that he pays less tax than a schoolteacher, on the money a schoolteacher makes, is because

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The DOJ asked Congress to erode big tech’s legal protections as Trump accused firms of anti-conservative bias and ‘cancel culture’



a man looking at the camera: Attorney General William Barr (center) listens during a discussion with state attorneys general on social media abuses hosted by President Donald Trump in the Cabinet Room at the White House in Washington, September 23, 2020. REUTERS/Tom Brenner


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Attorney General William Barr (center) listens during a discussion with state attorneys general on social media abuses hosted by President Donald Trump in the Cabinet Room at the White House in Washington, September 23, 2020. REUTERS/Tom Brenner

  • Attorney General William Barr announced Wednesday the Department of Justice has submitted legislation to Congress to reform the part of the US law that gives tech companies broad powers to moderate their platforms.
  • Barr said the proposed legislation is aimed at “requiring greater transparency and accountability when platforms remove lawful speech.”
  • The legislation follows on from an executive order issued by President Trump in May targeting social media for alleged anti-conservative bias.
  • Trump often claims online platforms are biased against conservatives, but has provided minimal evidence backing this up. 
  • Visit Business Insider’s homepage for more stories.

President Trump is ramping up the pressure on social media companies.

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ByteDance just asked China for permission to export TikTok’s technology as it tries to finalize a deal with the US government



Xi Jinping wearing a suit and tie: President Donald Trump attends a bilateral meeting with China's President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque/Reuters


© Kevin Lamarque/Reuters
President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque/Reuters

TikTok’s parent company ByteDance has sought permission from the Chinese government to export technology, Bloomberg reported Wednesday.

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ByteDance filed a request with the Beijing Municipal Commerce Bureau asking for approval to export its technology under restrictions recently implemented by the Chinese government, according to Bloomberg.

ByteDance, TikTok, and the Commerce Bureau did not respond to requests for comment.

In August, China expanded its list of “forbidden and restricted technology exports” to include “personalized information recommendation services based on data analysis” — such as the algorithm that powers TikTok. That move threw a wrench in the TikTok deal by requiring the company to obtain a license from the government, effectively giving Beijing veto power over a deal.

Following the announcement of

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