At the center of President Donald Trump’s dispute with the IRS is a $72.9 million tax refund. He can thank his predecessor for that benefit.
Trump was able to generate a massive tax refund by using a provision President Barack Obama signed into law in 2009 during the financial crisis, according to an an analysis of Trump’s tax information by the New York Times. That refund triggered a years-long audit, and some Democrats, including House Speaker Nancy Pelosi, are now calling for an end to a similar tax perk included in this year’s virus-related stimulus package.
