Tech billionaire scoffs at Trump's claims of being a great businessman
Hoffman renews calls for Trump to release his tax returns
The LinkedIn chief adds that Trump's tax rate was "nearly indecent"
Reid Hoffman, co-founder and executive chairman of LinkedIn, on Monday slammed Republican presidential candidate Donald Trump, suggesting the recent revelations about Trump’s 1995 tax return undermine his claims of a desire for public service.
“It’s really awkward, almost indecent, to be claiming ‘I am a great public servant, I want to serve you and by the way, I go through enormous amounts of expense and energy to avoid contributing my fair share into the common coffers,’” Hoffman told CNN’s Erin Burnett on “Erin Burnett OutFront.”
“It is really in fact not continent with a claim that ‘I care about all of us. I care about paying my fair share.’ That’s the disconsonance,” he added.
Hoffman’s comments come on the heels of a New York Times report that revealed Trump declared a $916 million loss in 1995, which could have allowed him to legally forgo paying federal income taxes for nearly two decades. The Trump campaign has not disputed that report.
Hoffman also scoffed at the candidate’s $916 million loss, suggesting it weakened his claim of being a successful businessman.
“My first reaction was ‘so a $916 million loss?’” Hoffman said. “‘That equals very, very successful businessman? That doesn’t quite go together.’”
Last month Hoffman, who is vocal Hillary Clinton supporter, pledged to donate up to $5 million to nonprofit organizations that assist veterans if Trump releases his tax returns in time for the final presidential debate on October 19.
So far the Democratic nominee, Clinton, has released decades of tax filings while Trump has released none.
“All it requires now is for Trump to do the right thing and essentially say, ‘let me reveal my taxes, let me be open and transparent,’” added Hoffman.