Waste report cites Trump tax break

A report on government waste from Sen. James Lankford (R-OK) singled out the Republican leader in the race for President, criticizing the federal government for handing out $40 million to Trump’s company in tax breaks for restoring a historic building not far from the White House.

“While the lucky guests of this palatial hotel will be awestruck by its glitz and glamour, taxpayers are unlikely to be amused that they helped foot the bill through a $40 million tax credit thanks to the National Historic Tax Credit,” Lankford’s report said.

Lankford’s report notes that Trump is investing $200 million to renovate the Old Post Office Pavilion – just blocks from the White House on Pennsylvania Avenue – to create a five-star hotel.

That tax break and the spending associated with it were described by Lankford as a “federal fumble” that wastes your tax dollars.

You can read his report here.

The Trump example is on page 98.

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