The self-proclaimed billionaire, who has so far refused to release his tax returns, was one of many wealthy individuals and businesses who used a loophole in a program intended to help smaller companies in lower Manhattan recover after the Sept. 11 tragedy. He did this even though he said that he had no damage to his properties on 9/11.
Trump got $150,000 for his swanky property at 40 Wall Street because the Empire State Development Corporation, run by the state, didn’t enforce federal guidelines on what defines a small business. Instead, the state used much looser rules that let The Donald and others including Morgan Stanley and Bank of China take money that was earmarked by Congress to help small business owners in the neighborhood recover after the tragic attacks.
At the Democratic convention last night they slammed Trump for using 9/11 for his own personal gain. Watch: