Trump: I Reported Business Losses As A “Sport”

The Huffington Post reports:

President Donald Trump tweeted early Wednesday following a report that documented more than $1.1 billion in personal business losses over a 10-year period beginning in 1985.

Trump seemingly tried to downplay the report, saying that “almost all real estate developers” wanted to show losses for tax purposes and renegotiate with banks, and it was “sport.”

His comments came after The New York Times published the article, based on 10 years of tax documents the newspaper acquired covering the years 1985 to 1994.