President Trump on Monday denied the bombshell report that revealed he only paid $750 in federal income taxes in recent years, while Democratic presidential nominee Joe Biden’s campaign has already jumped on the news by selling stickers for $7.50.

The New York Times on Sunday reported that Trump paid only $750 in federal income taxes in recent years, and paid no income taxes at all in 10 of the previous 15 years.

Trump on Monday went after The New York Times, tweeting, “The Fake News Media, just like Election time 2016, is bringing up my Taxes & all sorts of other nonsense with illegally obtained information & only bad intent. I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits.”

“Also, if you look at the extraordinary assets owned by me, which the Fake News hasn’t, I am extremely under leveraged

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The government continued to defend the PM CARES Fund even as it sparked off a verbal duel between the treasury benches and the Opposition on Friday in Parliament.

The issue flared up up during the introduction of ‘The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020’ in the Lok Sabha. The Bill will replace an ordinance promulgated on March 31 to provide for extension of various time limits under the Taxation and Benami Acts and to provide tax benefit for PM CARES Fund. It also provides for extension of time limits contained in the Rules or Notification which are prescribed/ issued under these Acts.

 

Although the Opposition has consistently opposed the PM CARES Fund, what triggered the storm on Friday was one specific provision which says “donation made to the PM CARES Fund shall be eligible for 100 per cent deduction under section 80G of the

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Residents wearing mask to protect themselves from  contracting the coronavirus pass by a Chinese military propaganda display in Beijing on Wednesday, Aug. 26, 2020. China is protesting the alleged incursion of a U.S. Air Force U-2 spy plane into a no-fly zone imposed during live-fire military exercises in the country's north in a statement issued Tuesday, Aug 25, 2020. (AP Photo/Ng Han Guan)


© Provided by Associated Press
Residents wearing mask to protect themselves from contracting the coronavirus pass by a Chinese military propaganda display in Beijing on Wednesday, Aug. 26, 2020. China is protesting the alleged incursion of a U.S. Air Force U-2 spy plane into a no-fly zone imposed during live-fire military exercises in the country’s north in a statement issued Tuesday, Aug 25, 2020. (AP Photo/Ng Han Guan)

BEIJING (AP) — China’s leading maker of semiconductors has denied it has any links to the military following reports Washington is considering stepping up its feud with Beijing over technology and security by imposing export controls that could disrupt manufacturing for a national industrial champion.

U.S. regulators are considering adding Semiconductor Manufacturing International Corp. to a list of foreign buyers that need government permission to acquire technology or components, according to The Wall Street Journal and other outlets. They said officials are

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The owner of the San Francisco salon Nancy Pelosi visited in violation of coronavirus restrictions blasted the House Speaker in an emotional online news conference Thursday, even as protesters gathered outside the Democrat’s mansion and hung hair dryers and curling irons from a tree.

Erica Kious fought back tears as she denied Pelosi’s claim the incident at E SalonSF was a setup, a charge the speaker leveled after the secret style session was first reported by Fox News Tuesday. Surveillance video images obtained by Fox News showed the 80-year-old Pelosi roaming the salon maskless in a bathrobe, even though salons had been unable to open to the public since March due to the pandemic.

“For the Speaker of the House to go on TV and falsely claim she was set up and publicly defame me, and sent out PR firms … in support of the Speaker’s own lies is bad

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Tata Motors has denied reports it plans to sell its stake in Jaguar Land Rover after a breakdown in talks with the the UK government to secure a financial rescue package.

Emergency funding talks with the UK’s biggest carmaker and Tata Steel, which runs the country’s largest steelworks in Port Talbot, Wales – both owned by the Indian conglomerate Tata Group – recently ended with the UK government deciding both companies needed to rely on private financing to survive.

Following the conclusion of the talks, which ended after the Treasury deemed that Tata Group had the financial strength to not need a taxpayer bailout, reports emerged that it might sell its stake in the struggling carmaker.

“Unconfirmed and unsubstantiated reports have been published by some media alleging that Tata Motors may sell [its] stake in Jaguar Land Rover,” the company said in a statement on Monday. “Tata Motors categorically denies

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Happy Friday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.



Donald Trump wearing a suit and tie: On The Money: Judge denies Trump's request for a stay on subpoena for tax records | Home sales skyrocket amid pandemic | S&P 500 sets new record


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On The Money: Judge denies Trump’s request for a stay on subpoena for tax records | Home sales skyrocket amid pandemic | S&P 500 sets new record

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THE BIG DEAL-Judge denies Trump’s request for a stay on subpoena for tax records: A federal judge in New York on Friday denied President Trump’s request to temporarily halt a grand jury subpoena for his tax returns from taking effect.

The

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Happy Friday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.

See something I missed? Let me know at [email protected] or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.

Write us with tips, suggestions and news: [email protected][email protected] and [email protected]. Follow us on Twitter: @SylvanLane, @NJagoda and @NivElis.

THE BIG DEAL—Judge denies Trump’s request for a stay on subpoena for tax records: A federal judge in New York on Friday denied President TrumpDonald John TrumpFive takeaways from the Democratic National Convention What we’ll remember from the 2020 Biden convention Chris Wallace labels Biden’s acceptance speech ‘enormously effective’ MORE’s request to temporarily halt a grand jury subpoena for his tax returns from taking effect.

The ruling by District Judge

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