The New York Times reported that Trump paid just $750 in federal income taxes in both 2016 and 2017, after years of reporting heavy losses from his business enterprises to offset hundreds of millions of dollars in income. Trump dismissed the report as “fake news.”
Barrett is set to start meeting with senators ahead of a multi-day confirmation hearing scheduled to begin on Oct. 12, when she will face questions about her judicial philosophy and approach to the law.
The Supreme Court nomination and Trump’s taxes are likely to be hot topics in Tuesday’s first televised debate between Trump and his challenger, Democratic candidate Joe Biden.
Investors are already trying to identify potential winners and losers in the markets. Reuters provides a look at the stocks that might best fit a Biden basket or Trump trade.
Coronavirus: Biden compares U.S. and Canada COVID-19 deaths to show Trump administration’s failures
Global deaths from coronavirus are expected to reach a grim milestone this week, passing the million mark. Biden has made Trump’s handling of the pandemic a key part of his campaign.
By the numbers
Americans are more likely to see Biden as the stronger candidate when it comes to steering the nation’s coronavirus response, preserving civil rights, and restoring trust in government, according to Reuters/Ipsos national polling. Trump is more likely to be perceived as better for the economy.