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White House Press Secretary Sarah Huckabee Sanders. Photo: Mark Wilson/Getty Images

White House press secretary Sarah Huckabee Sanders lambasted a bombshell New York Times investigation on Tuesday that explained how Donald Trump raked in millions from tax dodges, arguing that the publication has been largely focused on “attacking the president and his family 24/7 instead of reporting the news.”

The details: The Times reports said Trump participated in "dubious" tax schemes in the 1990s and received at least $413 million in today’s dollars from his father's real estate empire. Sanders, in a statement, characterized the report as a "misleading attack against the Trump family," adding that the “Times can rarely find anything positive about the President and his tremendous record of success to report.”

“Fred Trump has been gone for nearly twenty years and it’s sad to witness this misleading attack against the Trump family by the failing New York Times. Many decades ago the IRS reviewed and signed off on these transactions. The New York Times’ and other media outlets‘ credibility with the American people is at an all time low because they are consumed with attacking the president and his family 24/7 instead of reporting the news. The truth is the market is at an all-time high, unemployment is at a fifty year low, taxes for families and businesses have been cut, wages are up, farmers and workers are empowered from better trade deals, and America’s military is stronger than ever, yet the New York Times can rarely find anything positive about the President and his tremendous record of success to report. Perhaps another apology from the New York Times, like the one they had to issue after they got the 2016 election so embarrassingly wrong, is in order.”
— Sanders said.

Go deeper

The billionaire balloon

Data: World Inequality Report 2022; Chart: Axios Visuals

The super-rich are getting stupid rich: New data out today shows the share of global wealth held by the richest slice of humanity swelled by almost a full percentage point during the pandemic.

Driving the news: The top 0.01% of individuals now hold about 11% of the world's wealth, compared to just over 10% in 2020, according to the "World Inequality Report 2022," written by Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman.

2 hours ago - Science

Exploding demand for laboratory space

Illustration: Brendan Lynch/Axios

Office occupancy rates remain deflated across industries, but one type of workplace is in high demand: labs.

The big picture: A number of trends — in public health, American demographics and venture capital funding — are colliding to supercharge the life sciences industry.

Dan Primack, author of Pro Rata
2 hours ago - Technology

Trump's unconventional social media SPAC

Illustration: Sarah Grillo/Axios

Donald Trump's social media startup is under investigation by federal securities regulators, before it's even launched a product, and every new disclosure seems to invite new questions.

Why it matters: Trump Media & Technology Group was always bound to be controversial, but it's inviting extra scrutiny by keeping basic details secret and making wild promises.