Reid accuses Trump of overstating wealth

From Politico:

Harry Reid declared Tuesday on the Senate floor that Donald Trump is a “swindler” who is “not as rich as he would have us believe” — as the Nevada Democrat moved to reprise the 2012 strategy that saw him hammer Mitt Romney over his tax returns.

The Senate minority leader repeatedly called out Trump for declining to release his tax returns, suggesting that it’s because those documents would show that Trump has far less wealth than he’s claimed. Trump has said his net worth is $10 billion.

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“He was born with an inheritance but lost his daddy’s wealth … that’s why Donald Trump won’t release his tax returns. That’s certainly one of the reasons, of course: He is not worth nearly as much as he claims to be. That’s a secret he doesn’t want anyone to know,” Reid said in a scathing speech. “He wants everyone to think he’s this big, rich, rich man.”

It’s a strategy reminiscent of Reid’s efforts to paint Romney as a tax dodger in 2012, when Reid repeatedly came to the floor to declare that Romney did not pay any income taxes. Although his claims were ultimately unproven, Reid has never shown any remorse for his attacks on Romney, and in fact on Tuesday showed that he believes the tactics are effective enough to use again on Trump.

Quoting Trump, Reid said that the GOP presidential nominee’s personal wealth fluctuates with the financial markets — which Reid said is cover for a man he said will be “scammer-in-chief.”

“Simply put, Trump is faking his net worth because he doesn’t want us to know that he’s not a good …

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