Pelosi Says Trump’s Chinese Bank Account is a “National Security Issue”
If a report from the New York Times is to be believed, Donald Trump doesn’t pay many taxes in the United States. In one year, the report claims that Trump only paid $750 in Federal income taxes.
If a separate New York Times report is to be believed Trump pays significantly more in taxes to China. The president reportedly paid $188,561 in taxes to the country between the years of 2013 and 2015.
Nancy Pelosi was asked about Trump’s up until now, secret bank account in China by reporters on Wednesday. She referred to it as a “serious national security issue.”
Pelosi on Trump's bank account in China:
"They can watch the flow of money there and perhaps have some, shall we say, sway over the person who's taking money or putting money into that account. So it is a national security issue…Shame on the president."
— Amy Siskind (@Amy_Siskind) October 21, 2020
While speaking later with MSNBC, the Speaker of the House said:
“Again, we mentioned the state involvement of banks in China. They can watch the flow of money there and perhaps have some, shall we say, sway over the person who’s taking money or putting money into that account. So it is a national security issue. Shame on the president that he has a bank account in China.”
Pelosi continued, “But the fact is … what is the source of those funds, and what is the obligation of them? And that’s a national security matter.”
The White House has responded to the New York Times report by saying, “No deals, transactions or other business activities ever materialized and, since 2015, the office has remained inactive. Though the bank account remains open, it has never been used for any other purpose.”