Jared Kushner Cashes in on Investment Thanks to Tax Breaks He and Ivanka Trump Lobbied to Pass

Presidential son-in-law Jared Kushner last month sold his stake in a company that invested in Opportunity Zones, a designation created under the 2017 Tax Cuts and Jobs Act. This means Kushner will benefit from tax breaks that he and his wife Ivanka Trump both lobbied to pass as part of the 2017 tax overhaul.

According to the Associated Press, the Office of Government Ethics on Monday released a public filing showing that Kushner had requested and received permission to defer capital gains on the sale of his stake in Cadre, a digital platform that allows investors to buy stakes in commercial properties.

Kushner, who is also a senior advisor to the president, founded Cadre in 2014 with his brother Joshua Kushner and current CEO and Goldman Sachs alum Ryan Williams.

While the exact amount Cadre invested in Opportunity  Zones is not known, Cadre had expressed plans to invest heavily in the 8,760 designated Qualified Opportunity Zones.

The financial disclosure report Kushner filed with federal ethics officials last year estimated that his stake in Cadre was worth between $25 and $50 million. His shares in Cadre were previously valued at around $5 million, according to financial disclosures from three years ago.

The sale of Kushner’s stake in Cadre came amid increased scrutiny from potential investors of the conflicts of interest associated with his involvement in the real estate venture. Bloomberg reported last year that Saudi-backed SoftBank declined to invest in the company after Kushner refused to divest from the firm.

“I would be lying if I said the political angle wasn’t frustrating or concerning,” Williams told Forbes last year. “There are people who won’t work with us, and we get that.”

A Cadre spokesperson told The Real Deal last month that the company planned to scale back investing in Opportunity Zones.

[Law and Crime]

Mike Pence’s press secretary snaps at reporter for asking coronavirus question

Vice President Mike Pence’s press secretary Katie Miller snapped at a White House correspondent on Wednesday following a press briefing dealing with the White House’s coronavirus task force.  

The reporter, Brian Karem, asked Mr Pence about whether the White House has any guidance for uninsured individuals to get testing. Mr Pence was nearing the end of his press conference when Mr Karem asked him about coronavirus testing for the uninsured.  

“Can you please supply some guidance to the uninsured who want to get tested?” Mr Karen asked. 

Mr Pence blew past the question and wrapped up his press conference. He suggested the risk to the broader American population “remains low.” 

“As we continue to take these steps, as Americans continue to take common-sense practices to protect their own health, the health of their family, we’ll work to keep it [low],” he said. 

As Mr Pence finished and moved to leave the room, Mr Karem again yelled out his question, asking if there was any guidance for the uninsured to get testing. 

He was ignored, so he tried again. 

“Gentlemen, ladies, can the uninsured get tested?” Mr Karem asked. 

Ms Miller snapped a response at Mr Karem. 

“Screaming for the camera isn’t going to get you anywhere” she said. 

Mr Karem pushed again. 

“Well, how about answering the question? We would like an answer to that question,” he said. “It’s a valid question, could you answer it?”

At that point Ms Miller moves to exit the room, responding “We’ll get you an answer” as she departs. 

It is unclear if the White House has followed up on Mr Karem’s question. 

Though the Centers for Disease Control are not charging patients for testing, individuals can still incur hospital costs from visiting the ER.

[The Independent]

Media

Trump denies spreading coronavirus misinformation on “Hannity”

President Trump denied in a Thursday tweet that he told Fox News’ Sean Hannity that people who are feeling sick should continue to go to work amid the coronavirus outbreak.

The state of play: While Trump didn’t explicitly say that sick Americans should go to work, he did state that those with mild coronavirus cases can still recover while going about their daily lives — an assertion that contradicts public health officials’ recommendations on how to manage the illness.

“I NEVER said people that are feeling sick should go to work. This is just more Fake News and disinformation put out by the Democrats, in particular MSDNC. Comcast covers the CoronaVirus situation horribly, only looking to do harm to the incredible & successful effort being made!”

— Trump’s tweet

  • What Trump said on “Hannity”: “If we have thousands or hundreds of thousands of people that get better just by sitting around and even going to work — some of them go to work, but they get better.”
  • What the CDC recommends“People who are mildly ill with COVID-19 are able to isolate at home during their illness. You should restrict activities outside your home, except for getting medical care. Do not go to work, school, or public areas. Avoid using public transportation, ride-sharing, or taxis.”

In the same interview, Trump contradicted the World Health Organization’s assertion that the virus has a 3.4% mortality rate, calling it “a false number” because of the number of people who have had “very mild” cases and recovered without being diagnosed.

  • “They don’t know about the easy cases because the easy cases don’t go to the hospital. They don’t report to doctors or the hospital in many cases. So I think that number is really high. Personally, I would say that number is way under 1%,” he claimed without evidence.

[Axios]

Reality

Donald Trump tweeted he never told Sean Hannity sick people should go to work.

Watch Donald Trump tell Sean Hannity sick people should go to work: https://twitter.com/atrupar/status/1235411751950221312

Trump tells Fox News he’s going after Social Security and Medicare: ‘We’ll be cutting’

At a town hall meeting on Fox News Thursday, President Donald Trump acknowledged that his administration intends to cut Social Security and Medicare.

“We — when these trade deals kick in, you know this economy is the best economy we’ve ever had. It’s nothing to what it’s going to be when the trade deals kick in,” said Trump.

“But if you don’t cut something in entitlements, you’ll never really deal with that,” said the questioner.

“We’ll be cutting, but we’re also going to have growth like you’ve never had before,” said Trump.

The president campaigned on protecting Social Security and Medicare in 2016. However, he has never shown any particular interest in doing so.

[Raw Story]

Media

Trump Complains About Fox News on Hannity: ‘I Think They’re Trying to Be Very Politically Correct’

President Donald Trump ripped into Fox News in an interview Wednesday night with Fox News primetime host Sean Hannity — citing “difficulties” with the cable news giant.

Early on in the 45-minute phone interview, Trump went on an unprovoked riff against Fox News after Hannity asked about Joe Biden’s gaffes.

“Well, look, I don’t want to be too critical, I’ve never seen anything like it, to be honest, and I’m sure that the Democrats are saying the same thing,” Trump said. “But they would rather have him than Bernie [Sanders], and Bernie doesn’t make too many gaffes, but Bernie has his own difficulties.”

The president pivoted to blast the press.

“But the way they push, you know, the media is all on their side, when I say all, all but a little bit, including yourselves and some of the folks on Fox,” Trump told Hannity.

Trump went on to list a few personalities who support him, including radio kingpin Rush Limbaugh (whom Trump incorrectly cited as working at Fox News), Fox News host Mark Levin, and Fox Business host Lou Dobbs. But then he also referenced “little difficulties” with the network at large.

“You have some great people, you have Rush, who is doing I hear really well, much better and Mark Levin. We have a lot of support. You would be amazed, we have a lot of support. The great Lou Dobbs, so many people we have as supporters out of just our Fox News, which, you know, I have my own little difficulties with, if you want to know the truth.”

Trump ripped the network for featuring “inappropriate” people on its air who say “very, very false things.”

The commander-in-chief then doled out the highest of insults among conservatives, billing the network an outfit looking to be “politically correct.”

“They put people on I think are inappropriate and say very, very false things and people don’t challenge them. I think they’re trying to be very politically correct or ‘fair and balanced,’ right, is the term.”

Hannity responded with a chuckle and the affirmative “yeah.”

“But I think they hurt themselves if you want to know the truth,” Trump concluded.

[Mediaite]

Media

https://www.mediamatters.org/donald-trump/donald-trump-praises-fox-hosts-he-considers-supporters-complains-some-are-too-fair-and

Trump Unleashes More Coronavirus Misinformation on National Television

As health experts sound the alarm over the Trump administration’s woefully inadequate response to United States’ unfolding coronavirus outbreak, President Trump continued to push misinformation about the virus while offering dangerous public safety advice.

The president cast doubt on the World Health Organization’s estimate that the global death rate from the virus is 3.4 percent, telling Sean Hannity on Wednesday that “I think the 3.4 percent is really a false number—and this is just my hunch—but based on a lot of conversations with a lot of people that do this because a lot of people will have this and it’s very mild. They’ll get better very rapidly, they don’t even see a doctor, they don’t even call a doctor. You never hear about those people.”

He continued by referring to the coronavirus as the “coronaflu.” Later in the phone appearance, Trump appeared to suggest it was fine for people sick with the coronavirus to go to work, once again undermining the Centers for Disease Control and Prevention’s urgings that the infected should self-isolate and limit outside contact.

“If we have thousands or hundreds of thousands of people that get better just by sitting around and even going to work—some of them go to work—but they get better. Then when you do have a death, like you’ve had in the state of Washington, like you had one in California, I believe you had one in New York,” Trump said. (New York has not yet reported any deaths from the coronavirus.)

It was the latest in a string of public appearances by the president where he seemed to attempt to minimize the virus’s threat even as documented cases in the US steadily rise. Hours before phoning into Hannity’s Fox News program, Trump debuted a new strategy to combat mounting criticism of his administration’s actions, by falsely claiming that former President Barack Obama, who left office more than 1100 days ago, is to blame for the current delay in testing for the virus. “The Obama administration made a decision on testing that turned out to be very detrimental to what we’re doing,” Trump claimed at a White House meeting on Wednesday. “We undid that decision a few days ago so that the testing can take place in a much more rapid and accurate fashion.”

[Mother Jones]

Trump Calls For Sen. Chuck Schumer To Be Arrested

Trump and Republicans are intentionally distorting Senate Democratic Leader Chuck Schumer’s comments as the president called for Schumer to be impeached and arrested.

After Schumer warned Trump’s Supreme Court justices that an overturn of Roe v. Wade would set off a grassroots political pushback, Trump tweeted:

It is not a surprise that Trump used a tweet from Rep. Jim Jordan (R-Sex Abuse Cover-Up Ohio State) to advance his goal of having his political opponents arrested.

Sen. Schumer’s office called out Trump, Chief Justice Roberts, and the rest of the GOP’s hysterical BS in a statement provided to PoliticusUSA:

Women’s health care rights are at stake and Americans from every corner of the country are in anguish about what the court might do to them.

Sen. Schumer’s comments were a reference to the political price Senate Republicans will pay for putting these justices on the court, and a warning that the justices will unleash a major grassroots movement on the issue of reproductive rights against the decision.

For Justice Roberts to follow the right wing’s deliberate misinterpretation of what Sen. Schumer said, while remaining silent when President Trump attacked Justices Sotomayor and Ginsburg last week, shows Justice Roberts does not just call balls and strikes.

Republicans are clinging on to anything they can to motivate their voters after Joe Biden’s march through Super Tuesday. Trump would love to arrest his political opponents because his heart beats pure authoritarianism.

Trump wants to talk about anything else besides Joe Biden, his bungled coronavirus response, the looming economic slowdown.

The Trump presidency is running on fumes, which is why he is trying to fire up the fake outrage machine at Chuck Schumer.

[Politics USA]

President Trump blames Obama for coronavirus testing problems

That’s President Donald Trump deflecting the criticism his administration has been facing over its response to the coronavirus.

The comments were made during a meeting with airline executives at the White House on Wednesday. Here’s a clip:

According to the New York Times, Trump was referring to a regulation that limited the ability of laboratories run by states, universities and private companies to conduct screenings not approved by the FDA. Now, those labs are allowed to use tests they independently developed.

“It’s really very, very important,” CDC director Robert Redfield said at the White House event. “It’s what’s changed the availability of testing overnight.”

Here’s Vice President Mike Pence’s explanation:

Still, Trump’s deflection came under fire from his critics.

But CNN, quoting an aide to Republican Sen. Lamar Alexander, reported that while the Obama administration had proposed stricter test oversight, no changes were ever actually approved.

Obama didn’t immediately respond to the accusation, but he did chime in on Twitter about how to navigate the coronavirus outbreak

[MarketWatch]

Trump 2020 Sues ‘Washington Post,’ Days After ‘N.Y. Times’ Defamation Suit

President Trump’s reelection campaign has sued The Washington Post claiming defamation in two opinion pieces published last June.

Both pieces raised concerns that Trump had invited Russia’s help to boost his electoral fortunes. The lawsuit follows last week’s defamation suit against The New York Times over an opinion piece written by the paper’s former executive editor, Max Frankel, on the same subject.

The lawsuits dovetail with the president’s ongoing political strategy of targeting major media outlets as foes.

The president is once more represented by the lawyer Charles Harder, known for helping to run media and gossip blog Gawker out of business. Harder previously represented first lady Melania Trump in securing settlements after filing defamation complaints against the Daily Mail and a Maryland blogger. Harder has also threatened litigation against major news organizations, including NPR, for other clients who were subject to critical coverage.

The lawsuit against the Post, filed Tuesday in federal court in Washington, D.C., alleges Trump was defamed in columns by the liberal commentators Greg Sargent and Paul Waldman. Both referred to remarks Trump made to ABC’s George Stephanopoulos in which he defended the idea of accepting damaging information about political opponents from foreign governments.

In Sargent’s case, he wrote that “Trump and/or his campaign….tried to conspire with” Russia’s interference in the 2016 elections. Waldman’s column asked: “Who knows what sort of aid Russia and North Korea will give to the Trump campaign now that he has invited them to offer their assistance?”

The president’s lawsuit refers to special counsel Robert Mueller’s investigation into Russian interference in the 2016 election. The suit maintains that the final report “concluded there was no conspiracy between the [2016] Campaign and the Russian government, and no United States person intentionally coordinated with Russia’s efforts.”

The Mueller report did say it “did not establish that members of the Trump campaign conspired or coordinated with the Russian government in the election interference activities.” But it also concluded that “the campaign expected it would benefit electorally from information stolen and released through Russian efforts.”

First Amendment scholars tell NPR that prominent public officials must meet a tough legal standard to win defamation cases, especially those involving opinion pieces. That’s even more true for the nation’s chief executive, who is expected to be subject to widespread public criticism and scrutiny.

However, publications can be held liable for incorrect statements of fact made within opinion columns in which publishers are believed to have acted with “reckless disregard” or “actual malice” as defined under the law. The New York Times is still defending itself in a defamation suit by former Alaska Gov. Sarah Palin, who was incorrectly linked to the shooting of then-U.S. Rep. Gabrielle Giffords in a 2017 editorial. The newspaper later corrected the assertion and tweeted an apology from its opinion section account. Its lawyers have called it an honest mistake.

The decision to have the Trump-Pence campaign sue on behalf of the president allows the president’s costs to be borne by a special account funded by donors.

[NPR]

White House Bans Filming At Coronavirus Briefing

The Trump White House faced widespread criticism on Tuesday after Vice President Mike Pence conducted a press briefing on the coronavirus outbreak, but members of the media were not allowed to record video or audio.

The administration ― which only last week vowed to be “aggressively transparent” with the public about the spread of the virus that has now killed nine people in the U.S. ― only allowed still photographs to be taken, CNN’s Jim Acosta and other journalists in attendance tweeted. 

“I asked Pence why the Coronavirus briefing is off camera today. He said he believes the briefing will be back on cam tomorrow,” Acosta later posted, noting “the closest thing to an explanation we got” was “when Pence said Trump was on camera a bunch today.”

Obama-era White House chief photographer Pete Souza said he “can’t ever remember a time when a VP or POTUS spoke in the White House press briefing room and video/audio was prohibited.”

“It’s like they’re imploding,” added Walter Shaub, the former head of the U.S. Office of Government Ethics.

The Trump administration’s coronavirus response has been widely criticized as disorganized and slow. Trump himself has repeatedly sought to downplay the risks, sometimes with outright falsehoods.

[Huffington Post]

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