Tangle - The Trump fraud ruling.
Episode Date: February 21, 2024The fraud judgment against Trump. On Friday, Manhattan judge Arthur Engoron ordered former President Donald Trump to pay over $354 million and barred him from serving in a top role of any New York com...pany for three years. Engoron's decision concludes the civil fraud suit against Trump for misrepresenting his wealth for financial gain while leading the Trump Organization. Trump is expected to appeal, which could take more than a year and would delay any enforcement of the penalty.You can read today's podcast here, our “Under the Radar” story here and today’s “Have a nice day” story here.You can also check out our latest YouTube video where we tried to build the most electable president ever here and our interview with Bill O’Reilly here.Today’s clickables: Quick hits (1:04), Today’s story (3:33), Left’s take (7:43), Interview with David Orentlicher (10:26), Right’s take (19:38), Isaac’s take (23:30), Listener question (28:59), Under the Radar (31:53), Numbers (32:49), Have a nice day (33:39)You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here. The response to our first-ever Tangle Live event was better than we could have imagined and we're excited to announce we're running it back on Wednesday, April 17th in New York City! We'll be gathering the Tangle community at The Loft at City Winery for a conversation between special guests about the 2024 election moderated by founder Isaac Saul with an audience Q&A afterwards. Choose Seated General Admission tickets or VIP Tickets that include a post show meet- and- greet, Tangle merch, and the best seats in the house. Grab your tickets fast as this show is sure to sell out!Buy your tickets hereWhat do you think of Judge Engoron’s ruling in District Attorney Letitia James’s civil fraud suit against Donald Trump? Let us know!Our podcast is written by Isaac Saul and edited and engineered by Jon Lall. Music for the podcast was produced by Diet 75. Our newsletter is edited by Managing Editor Ari Weitzman, Will Kaback, Bailey Saul, Sean Brady, and produced in conjunction with Tangle’s social media manager Magdalena Bokowa, who also created our logo.--- Send in a voice message: https://podcasters.spotify.com/pod/show/tanglenews/message Hosted on Acast. See acast.com/privacy for more information.
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From executive producer Isaac Saul, this is Tangle.
Good morning, good afternoon, and good evening, and welcome to the Tangle Podcast,
the place we get views from across the political spectrum, some independent thinking,
and a little bit of my take. I'm your host, Isaac Saul, and on today's episode, we're going to be talking about the ruling against Donald Trump in his civil fraud case, a major, massive, gigantic
judgment. He owes a lot of money and is maybe potentially being prevented from actually
running the Trump organization in New York. We're going to talk about the ruling. I'm
going to share a little bit of my take. As always, before we jump in, we'll kick things off with some quick hits.
First up, for the third time, the United States vetoed a resolution from the United Nations
calling for an immediate ceasefire in the Gaza Strip.
The United States is circulating a rival resolution that calls for a temporary
ceasefire and hostage release. Number two, a former FBI informant who was charged with
fabricating bribery allegations about President Biden and his son Hunter told federal officials
he had ties to high-level Russian agents. Number three, in a Fox News town hall, former President Donald Trump revealed his
vice president's shortlist includes Florida Governor Ron DeSantis, Senator Tim Scott,
entrepreneur Vivek Ramaswamy, South Dakota Governor Kristi Noem, Representative Byron
Donalds, and former Representative Tulsi Gabbard, a Democrat turned independent.
Number four, the United States Supreme Court opted not to review a case
challenging the use of socioeconomic status during the admissions criteria at a prestigious high
school. Parents had sued over the policy, saying it discriminated against Asian Americans.
And number five, a Russian helicopter pilot who had defected to Spain was shot and killed.
Separately, Russia said it arrested a dual U.S.-Russian citizen who
was charged with treason for donating money to the Ukrainian army. The 33-year-old woman
is a Los Angeles resident who returned to Russia to attend university.
A massive civil penalty for Donald Trump, his companies and two of his children. On Friday, a New York judge ordered Trump to pay nearly $355 million after finding the former president engaged in a scheme to fraudulently inflate his wealth to banks and other lenders.
The largest judgment to date has been issued against former President Donald Trump.
Judge N'Goran has imposed a penalty of more than $350 million against Donald Trump,
as well as his adult sons and his corporation in that civil fraud case brought by New York
Attorney General Letitia James. And next, we'll be getting a judgment that should happen in a week or two,
and nothing can actually happen until that judgment comes out.
But once it does, the state could start going after Donald Trump's money.
They could start freezing his bank accounts.
They could start selling off, having the state sell off his stock.
On Friday, Manhattan judge Arthur Ngaran ordered former President Donald Trump to pay over $354
million and barred him from serving in a top role of any New York company for three years.
Ngaran's decision concludes the civil fraud suit against Trump for misrepresenting his
wealth for financial gain while leading the Trump Organization. Trump is expected to appeal,
which could take more than
a year and would delay any enforcement of the penalty, though the court would require an escrow
account or a bond to cover the penalties should he lose. Engeron also barred Donald Trump Jr. and
Eric Trump from holding positions at any New York corporation as officers or directors for two years,
a move that could shake up the organization's leadership.
Along with Trump and his oldest sons, two former executives were also found civilly liable for
issuing false documents and falsifying records, among other related offenses. Quick reminder,
following congressional testimony from Trump's former personal lawyer, Michael Cohen, that he
improperly inflated his wealth, New York Attorney
General Letitia James sued Trump, alleging he systematically inflated and deflated the values
of his properties and assets to receive low interest rate loans and pay lower state taxes.
Among other things, James accused Trump executives of tripling the square footage of his Trump Tower
triplex penthouse in order to concoct $200 million of
value. The inflated net worth allowed Trump to receive 1.83% interest rates from Deutsche Bank's
private wealth management division. Otherwise, he would have had to use the bank's commercial
real estate division, where he was once offered rates as high as 10%. Trump's net worth is
currently estimated to be $3 billion. He promised to maintain a net worth of at least $2.5 billion in certain loan agreements,
a guarantee that a Deutsche Bank representative testified was the reason he received favorable pricing on loans.
Trump testified that he relied on his accounting team to quantify his wealth and properties.
His lawyers argued that there was a plausible basis for all the valuations
and that the private lenders involved in the deals all made a profit and never alleged any
breach of contract. Deutsche Bank, for instance, assumed in its own analysis that Trump's net worth
was much lower than he stated, but still acted as his principal lender. Nobody from the bank
testified that the loan should have been priced differently, and some bank employees testified Trump's business was in high demand among the banks. Initially, James sought $250
million in penalties, then asked for $370 million, a number she said accounted for all the financial
gains Trump accrued through his deceptive tactics. Close to half of the $355 million
Engeron ordered Trump to pay was associated with low interest rate financing,
with another $187 million coming from his sale of two properties in New York and Washington, D.C.
In a deposition last year, Trump said he has roughly $400 million in cash.
The frauds found here leap off the page and shock the conscience.
Their complete lack of contrition and remorse borders on
pathological, Angaran said in the 92-page decision. They are accused of only inflating
asset values to make more money. The documents prove this over and over again. Trump responded
on social media, saying this decision is a complete and total sham. There were no victims,
no damages, no complaints. Trump has already been ordered to pay
$83 million in a defamation lawsuit filed by the writer E. Jean Carroll, whom he was found liable
for committing sexual abuse against in a civil trial last spring. Separately, Trump is also
facing federal indictments for ordering hush money payments, mishandling classified documents,
and attempting to undermine the 2020 election,
as well as state racketeering charges in Georgia for organizing a conspiracy to overturn the
election results there. Today, we're going to take a look at some arguments from the left and
the right about this ruling, and then my take. We'll be right back after this quick commercial break.
First up, we'll start with what the left is saying. The left mostly welcomes the ruling,
suggesting it foreshadows more legal setbacks for Trump. Some worry that the heavy penalty
imposed by Ngaran will prompt new political support for Trump. Others worry that the heavy penalty imposed by Ngaran will prompt new political
support for Trump. Others say Trump's debts make him right for exploitation by wealthy interests.
In MSNBC, Glenn Kirshner wrote that Trump's loss in New York is a powerful predictor of what's to
come in his criminal trials. Trump fights every battle, large and small, in the court of public
opinion. That court has no rules of engagement,
no rules of evidence, and no rules of procedure. But when his legal disputes move into courts of
law, he loses. When the rules of evidence and procedure apply to legal contests, Trump loses,
Kirchner said. In public, Trump has insisted that he never overstated the value of his properties.
Yet Judge Angaran found that the documentary evidence of fraud was
so overwhelming that even before trial, he ruled that Trump, his sons, and the Trump organization's
chief financial officer had inflated asset values. This string of civil trial losses augurs poorly
for the former president's coming criminal trials. First, unlike civil trials, defendants are
required to attend all trial proceedings in
criminal cases. Furthermore, as a general proposition, criminal trials are more exacting
affairs than civil cases, Kirchner wrote. Once Trump is constrained by the rules of evidence
and the rules of criminal procedure, no longer allowed to say what he wants about stolen elections
and telepathically declassifying documents, his series of trial losses is very
likely to continue. In Vox, Abedaya Fayed said Trump is suddenly in need of a lot of cash.
That is everyone's problem. Trump isn't just one of the country's richest men with an estimated
net worth in the low billions. He's also running to serve a second term as president of the United
States. And for any candidate for public office, let alone the presidency, being cash-strapped while owing such significant amounts of money
could be a serious liability, Fyed wrote. You don't have to look far to find the reasons why.
Trump's first term was riddled with conflicts of interest, and that's in no small part because of
his financial well-being, or lack thereof, depending on how you look at it. Lawsuits aside, Trump also has plenty of debt on his hands. His financial disclosures filed
with the Federal Election Commission last year showed that he has at least $200 million in debt,
and according to Forbes, his business owed roughly $1.3 billion in 2021,
Fayyad said. The problem for Trump isn't just his inability to self-fund his White House
bids. The fact that he is constantly on the lookout for new loans or sources of income
gives special interests a vehicle to curry favor with him. All right, before we jump into what the
right is saying, we're actually going to bring in David Ordenlicher from CNN, who talked about
why we should not misread Trump's loss.
David Ornlicker, welcome to the show.
Thank you. It's great to be here.
So we have a little bit of an understanding of what's going on here in this Trump case,
and I have some questions about this piece you published in CNN, but I would just want to start here from your own words. What was your reaction to this ruling?
What's your general take, I guess, in a couple minutes about what happened here and your view
on it? Well, to understand this, we have to put it in the context. We've got a series of
prosecutions and other litigation against Trump. And the problem is, while there's a lot of misconduct that we
need to hold the former president accountable for, prosecutors have stretched the law on a number of
cases, and that's wrong in itself. But it also undermines the legitimate prosecutions. For example, Special Counsel Jack Smith has filed appropriate charges to hold the former president accountable for his election efforts to overturn the election and handling of classified documents.
But other prosecutors and judges haven't adhered to the rule of the law, and it just undermines
public trust in anything that's being done to hold the president accountable.
Yeah, I mean, it's interesting. I actually tend to agree with you, and listeners are going to hear
this a little bit in my take today, not to spoil it, but I am pretty wary of this specific prosecution and this ruling.
Could you talk a little bit about what sort of gives you some hesitancy or concern, despite the
fact I assume there are areas where you think Donald Trump really does need to be held to account for his actions? Yeah. So in this case on the business
fraud, he clearly filed inaccurate financial statements. And what happened, and then the
judge then issued his ruling in September that there was fraud. But when he did his initial penalties,
his penalties went beyond what the law said he could do. Like he ordered the dissolution of
Trump's companies, which wasn't permissible. And fortunately, he did correct that in his final order. He removed that.
But again, that makes people wonder, is this judge acting according to the rule of law or out of his own personal views about the former president?
And then in the final order, the penalties, I'm not an expert in this area of law, but other people have questioned whether it's appropriate when the bank that's making the loans doesn't feel that they were harmed to still impose severe penalties.
harmed to still impose severe penalties. Yeah, I guess a question maybe I'm left with is what would have been maybe a more appropriate outcome here in your view? I mean, I think,
you know, there's sort of, for me at least, there's two positions I kind of hold at once,
which is zero consequences for this doesn't seem seem right. But also a $350 billion
fine or $350 million fine, basically a capture of his organizations via this monitor and ruling
that he can't run any corporations in New York. I mean, all this stuff in totality,
also punishing his sons and these top two executives seems like a bit of an overreach.
I think the Wall Street Journal had this really funny line in their editorial about this. They
said that this remedy is like using a hellfire missile to annihilate a shoplifter, which I thought was
pretty evocative. I guess I'm interested in what you think a different path could have looked like
for holding the president, the former president accountable, but maybe not going as far as the
judge and Letitia James did here. Yeah. So I would say one of the concerns that you seem to get, as I said, Donald Trump has done a lot of bad things and he needs to be punished.
But you get the sense with some of these prosecutions that because he's so-called a bad man and done bad things, that influences all of his cases.
And that there's sort of punishing him for things that he did that aren't part of the case at hand.
And that's a the focus should be. Jack Smith, as I said, the special counsel, has done a good job of bringing the proper charges and not overcharging. And I think it's detrimental. The first criminal prosecution that's going to start
next month in New York is for the least, the weakest charge, I think the hush money charge.
I don't think there should be a criminal charge at all for that. And so that's what the problem
I see is if you bring the right charges, there is criminality
that needs to be prosecuted.
But don't prosecute the non-criminal things or as in Georgia with the election case there.
Yes, there's criminal behavior, but don't use RICO charges, which are not designed for
this kind of a setting.
And then for his financial dealings, where the focus should be is on his, there's good
reason to think he committed tax fraud, that he undervalued his assets and his income for
tax purposes.
And that's a serious problem.
income for tax purposes. And that's a serious problem. And that's what the focus should be on that kind of financial fraud, as opposed to pursuing a fraud that the bank isn't even
complaining of. So I'm going to ask you to do a tiny bit of prognostication here before we get
out of here. I guess I'm just curious what you expect
the public reaction to be here. I mean, on top of being an attorney, you're a politician.
How do you think this is going to play out with the public? Do you think this helps or hurts Trump,
a judgment like this on net, just through a political lens, putting the law aside for a moment. Be the first to know what's going on and what that means for you and for Canadians.
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Yeah, so the worrisome side on the political side is to the extent that we have problematic prosecutions. It allows Trump to reinforce his message that he is a victim
and that people are bringing partisan prosecutions. And that allows him to
mobilize his base and get them fired up to vote for him. And I think another reason why it's
critical to make sure that all of the efforts to hold him accountable are done scrupulously
and that there's no suggestion of impropriety because he can just exploit that for his political gain. And we don't want to give him that kind of
opportunity. All right, David Ornlicker, thank you for coming on the show. I appreciate it.
David, if people want to keep up with your work or writing, where's the best place for them to do
that? Well, that's a good question. I guess going to my website at the University of Nevada, Las Vegas, William S. Boyd School of Law. It's law.unlv.edu. That's our main website. And then they can find me at the law school's website.
Awesome. David, thank you so much for coming on. I appreciate the time.
Sure. Thanks for having me.
All right, that is it for what the left is saying, so let's jump into what the right is saying.
The right is outraged by the ruling, calling it another political move to damage Trump's election chances. Some say
the penalty was excessive, but push back on the notion that Trump's actions were victimless.
Others predict the ruling will scare businesses away from operating in New York.
In The Federalist, Sean Fleetwood criticized the decision as Democrats' last gambit to rig
the 2024 election. Friday's ruling was hardly surprising, given the level of bias Angaran
demonstrated throughout the trial, Fleetwood wrote. The civil penalties levied against Trump
represent Democrats' latest attempt to weaponize the legal system against the former president to
keep him from getting re-elected this fall. Across four different venues, the Biden Justice
Department and Democrat prosecutors have levied a collective 91 criminal indictments against Trump with the
goal of imprisoning the likely Republican presidential nominee before the November
election. And these charges don't even include the various attempts by Democrat election officials
to kick Trump off the ballot in states such as Maine and Colorado. Despite casting themselves
as the party of democracy, Democrats are utilizing every tool at their disposal to deprive voters of free and fair electoral process.
If they aren't attempting to throw Trump in prison, they're trying to strip away his financial assets and ability to sustain a living.
In the Cato Institute, Walter Olson assessed the good and bad critiques of the verdict.
and bad critiques of the verdict. The power to order equitable disgorgement, as it is called,
is one that judges often use sparingly, in part because its consequences can be harsh, Olson said.
The judge found Trump used faked-up statements of financial condition to swing the necessary financing on his old post office hotel project in Washington, D.C. As a result, the judge ordered
the former president to disgorge the entire $126 million
in profit he made over the five years he owned the project. This kind of reasoning leaves fortunes
to hang on the web a prosecutor can spin with but four arguments. But some of the defenses offered
on behalf of Trump simply don't hold water. Chief among them, the claim that Trump's conduct was
somehow victimless and that the counterparts, primarily banks and insurance companies, came out fine, Olson wrote. Lying
about his net worth and property values also enabled Trump to get markedly lower interest
rates from banks. And Gorin credited an expert for the state who estimated that Trump saved $168
million in bank interest by posing as a better risk than he was. You can argue about
this number, but it's hard to argue it's zero. In Fox News, Jonathan Turley explored the unexpected
consequences of the ruling. By making the fines so large, and Gorin not only makes an appeal
difficult, but could guarantee that Trump will lose tens of millions of dollars even if his
judgment is dramatically reduced or
tossed out. As New Yorkers cheer this moment, many business leaders are likely wondering if
they're but for the grace of God go I. Undervaluing or overvaluing property is a common practice,
particularly in real estate. That is why representations like the one made by the
Trump organization come with a warning that estimates are their own and that the banks need to make their assessments. The line between doing business and a public
execution now appears to be at the dubious discretion of the Attorney General. That is
not the type of assurance that most businesses would accept in risking billions in investment,
Turley wrote. Creating an ad hoc business code for Trump undermines the city's reputation as a
premier jurisdiction for
corporate and tax law. If the rate of exit increases, it will impact not just employees
working for these companies, like the Trump companies, but the vast network of supporting
businesses, including law firms. All right, that is it for the left and the right are saying, which brings us to my take.
So yesterday, I described Trump's efforts to pressure the election officials to find votes,
submit false electors, or otherwise change the 2020 election result to be the most dangerous and despicable acts he took while in office. This case is on the opposite side of the spectrum.
Yes, there is strong evidence Trump inflated or deflated his assets and net worth to his advantage.
And yes, Trump and plenty of other real estate developers have been doing that since long before
he became a presidential candidate. But the details of this case and how the law is being used to try to bankrupt Trump
is egregious to the point of being astonishing. Let me be clear here. The Justice Department's
investigation into Trump's mishandling of classified documents is not some political
hit campaign, nor is the investigation into his actions leading up to January 6th, nor is the
Georgia investigation into his conduct. Trump's actions, egregious in their own right, brought
those criminal prosecutions to his doorstep. And while he can blame the media and the so-called
deep state for some things, he can't blame them for those indictments. But this? It truly does
reek of a political prosecution, which makes it dangerous not just
on the face of it, but because it manifests all the biggest fears so many supporters of the former
president have. What I thought was the most genuinely illuminating piece about this case
came from Stephen M. Cohen in the Wall Street Journal. And since he explains much of this
better than I can, I'm going to quote heavily from him and refer to him here. Cohen explained that James used a little-known statute in New York called
Executive Law 6312 that empowers an attorney general to pursue cases involving repeated
fraudulent or illegal acts or persistent fraud or illegality in the carrying on,
conducting, or transaction of business. James can then petition a court to order
damages or restitution, prohibit the continuance of those practices, or even cancel incorporation
status. Cohen rightly points out that James obtained all this and more. And Gorin said in
court that the conduct being debated only needed to have the capacity or tendency to deceive,
rather than include a party that was
actually deceived. This statute is supposed to protect the public from persistent fraud,
but in this case, we are mostly looking at Trump's interactions with complex private
business entities who were already presuming he was not being totally honest. Moving on from that
oddity, James doesn't even prove any party suffered loss.
Again, nobody is suing Trump.
The banks, the lenders, the real estate entities,
they've all profited from the business they did with Trump.
Deutsche Bank representatives testified on his behalf in court, while the Attorney General is simultaneously trying to disband Trump's entire business
on the public's behalf because of Trump's conduct in his business
dealings with them. Nobody should overlook how bizarre that is. Cohen, a former U.S. attorney
and chief of staff to New York Governor Andrew Cuomo, the Democrat, has a hard time not celebrating
the news. Many of us are delighted to see Mr. Trump get his comeuppance. We believe that his
art of the deal is a version of the long
con, Cohen said, adding that James should be credited with a novel use of an existing statute.
But Cohen also describes why even he finds the result so uncomfortable.
It is worth considering whether, in the quest to get Mr. Trump, many of our public officials
may be pressing the law in ways that will outlive the cases against
the former president, he said. Shouldn't we consider whether this is the appropriate statute
and the appropriate proceeding to prove that case? And shouldn't we be concerned that the
further expansion of this law is something we may regret? The Trump maelstrom continues to contort,
if not wreak havoc on, the institutions that seek to tame it, end quote. And that's the
heart of the matter for me. In seeking to rein in Trump's behavior, James and Engeron have gone far
beyond what seems reasonable. That doesn't mean Trump should avoid all consequences for his
actions here. Specifically, paying any back taxes he owes or has evaded, money that belongs to the
public, would be appropriate.
He did lie, and he has a history of harmful fraud, and the idea that nobody got hurt in this case is not enough to wave it all away. Someone who drives drunk without crashing their car should not be
exempted from any kind of accountability. But to steal a line from the Wall Street Journal
editorial board, this remedy is like using a hellfire missile to annihilate a shoplifter. What we're left with is the peculiar sense that Trump is both guilty
of something real, but simultaneously the victim of something more insidious and far-reaching.
From a legal perspective, this should be uncomfortable for everyone. It should also
raise questions about James, who campaigned for Attorney General specifically on a promise to go after Trump,
and Engeron, who seemed throughout the trial to have an open animosity for the former president.
From a political perspective, it is exactly the kind of fuel Trump needs for his fire,
one that is going to continue to insulate him from public accountability for far more harmful offenses.
for far more harmful offenses. We'll be right back after this quick break.
All right, that is it for my take, which brings us to your questions answered. This one's from Richard in Fernandina Beach, Florida. Richard said,
what do you think of the law that the Florida state legislature, along with Governor DeSantis,
passed in May 2023 that allows the death penalty to be imposed by a jury vote of 8-4
instead of a unanimous vote on child sex abusers? Okay, heavy question. First of all, before I give
you my answer, let me clarify something here. You're referring to two separate bills? First, in April 2023, Florida passed a law to allow
juries to recommend the death penalty in an 8-4 decision instead of by unanimous vote.
That is not common. Alabama is the only other state to allow the death penalty from a non-unanimous
jury, but it may not be unconstitutional
either. This law only impacts sentencing, but guilty verdict still requires a unanimous decision.
However, a similar law was found to be unconstitutional in Louisiana, so it's very
likely that this first law is challenged in court. The second law, signed by Florida Governor Ron
DeSantis on May 1st of last year, authorizes the death penalty to be used on criminals convicted of child rape.
This past December, that law was used for the first time.
So yes, it is possible for a person to be convicted of child rape in Florida
and put to death on an 8-4 jury recommendation, but because of two separate laws.
What do I think about them?
Well, I'm always open to changing my mind, but this is an area where my opinion has never changed. I do not support the death penalty
in any case, and I don't support bills that expand it. For the law passed in April, it's easy for me
to hold that position consistently. For the law passed in May, it feels a little harder because
of the absolutely gruesome and heinous nature of the crime. in May, it feels a little harder because of the absolutely
gruesome and heinous nature of the crime. It's hard to imagine a person committing an act so
vile and hurtful, but as unimaginable as it is, those perpetrators are still people. And the same
logic I use in other cases still applies. Ending their lives does not undo the harm they cause,
and study after study says the death penalty doesn't work
as a deterrent. Not convinced? Consider that by some estimates the wrongful conviction rate is 4%.
Consider that not every government prosecutor and officer is scrupulous. We wrote a piece in
September about how the FBI is still entrapping people, in some cases violating the civil rights
of Americans, because the public sees anyone who
committed these two crimes as subhuman, terrorism and child abuse. Consider that it's possible for
a person to be accused of attempted child rape just for meeting an adult police officer pretending
to be a teenager. With all that in mind, do you think it's a good idea to make it easier for people
to be put to death? I don't. All right, that is it for today's
reader question, which brings us to our under the radar section. The Biden administration is
quietly easing its proposed requirements to aggressively cut tailpipe emissions and ramp
up electric vehicle sales. Automakers have urged Biden to moderate its policy,
saying electric vehicle technology is still too costly for most U.S. consumers and more time is
needed to build charging infrastructure. In 2023, the Environmental Protection Agency, the EPA,
proposed a 56% reduction in new vehicle emissions by 2032, which would require automakers to aim for 60% of their new
vehicle production to be electric vehicles by 2030. Under the new regulations that are expected
to be unveiled next month, the EVs will account for less than 60% of total vehicles produced by
2030, though the final number is not yet clear.
clear. All right, next up is our numbers section. The sum of the financial penalties and fines imposed on Donald Trump as a result of civil litigation since 2023 is now $443.7 million.
The amount of Trump's presidential campaign and his other fundraising organizations have spent
on legal fees over the last two years is now $76.7 million. That's according to the Associated Press. The amount Trump's leadership
political action committee, Save America, spent on legal fees in 2023 alone is $51.2 million.
The amount raised by Save America over the final six months of 2023, it's $36.7 million. And the highest effective tax rate Trump paid on his income between 2015 and 2020 is 4.1%.
All right.
And last but not least, our Have a Nice Day section.
Chad McIntyre is a long-haul truck driver from Illinois who travels with his co-pilot,
a spirited 15-pound cat named
Tyler. At a truck stop in Nevada, Tyler managed to escape. Somehow, he turned up hundreds of miles
away at another truck stop in Wyoming, where he was taken to the local animal shelter and microchipped.
The shelter contacted John Nickum, a volunteer pet rescue organizer who coordinated Tyler's
multi-leg cross-country return journey from
Wyoming to St. Louis, Missouri. He's grounded from going on the truck for a while, Chad's wife,
Brandi McIntyre, said. My husband and I have decided that maybe it's better if he stays home
for at least a while, and then maybe down the road he can go again. Cowboy State Daily has
the story, and there's a link to it in today's episode description.
All right, everybody, that is it for today's podcast.
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Our podcast is written by me, Isaac Saul, and edited and engineered by John Wall.
The script is edited by our managing editor, Ari Weitzman, Will Kabak, Bailey Saul, and Sean Brady.
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We'll be right back. begins to unravel a criminal web, his family's buried history, and what it feels like to be in the spotlight. Interior Chinatown is streaming November 19th, only on Disney+. The flu remains a serious disease. Last season, over 102,000 influenza cases have been reported
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Learn more at flucellvax.ca.