It's, you know, good to be a Biden. And look, at what point does a loan become income? You know, I don't know. That's a question for the IR's. Look, If the intent is to defraud the IR's, if it is a fraudulent vehicle, the IR's can bring it for tax fraud. You can't characterize something as a loan that is not, in fact, a loan that doesn't intend to be paid back. And I mean that on the face of it, I gotta tell you, I'd be ready to prosecute right now. Of course, you know, I don't work at the Biden Justice Department. (16:30–16:42)
CLAIM
Asserts that the IRS can prosecute for tax fraud if loans are characterized fraudulently.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
