Negotiations, not taxes part of Trump’s comeback story: Howard Lorber 2 Hours Ago | 01:24
Donald Trump’s comeback in the 1990s was not due to tax maneuvering but from shrewd business acumen, said Trump supporter Howard Lorber, chairman of New York City real estate powerhouse Douglas Elliman.
The GOP presidential nominee’s use of the net operating loss provisionto the tune of $916 million in 1995 — and speculation he may have paid no income tax for nearly two decades — has created a tug-of-war, with supporters calling the move smart and critics crying foul.
Lorber told CNBC’s “Squawk Box” on Wednesday he’s “bullish” onTrump winning the presidency.
[Source:-CNBC]
