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Trump Can Thank Obama for Tax-Refund Play Democrats Now Oppose

  • Trump claimed $72.9 million refund, using 2009 stimulus perk
  • Democrats renew push to repeal breaks for losses during slump
President Donald Trump

President Donald Trump

Photographer: Matthew Hatcher/Bloomberg

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.