Donald Trump Reacts to Leaked Tax Returns

Trump's campaign said he is a "highly skilled businessman" after The New York Times revealed Trump may not have paid federal income tax for nearly two decades.
2:44 | 10/03/16

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Transcript for Donald Trump Reacts to Leaked Tax Returns
Now to the race for the white house. 36 days until the election. The October surprise about Donald Trump and his taxes. "The New York times" saying they were mailed a document revealing trump has a $916 million loss in 1995, raising big questions. Tom llamas is at trump tower. Reporter: Good morning to you. Donald Trump has refused to release his tax returns, cites an audit. Now, one of his returns is public. He's very upset about this because it's raising new questions. This morning, Donald Trump facing accusations he's a tax dodger. Part of the billionaire's 1995 return leaked to the New York times, shows he took nearly a billion dollar loss following the collapse of casinos, his airline, and the plaza hotel. His loss raising the possibility that, while following the law, he hasn't paid federal income tax in nearly two decades. Maybe he doesn't want the American people to know that he's paid nothing in federal taxes. That makes me smart. Reporter: Trump's cap pains not deanying the authenticity of the tax return. Saying trump is a highly skilled businessman who has a if I disturb area responsibility to his business, his fame lurks and his employees to pay no more tax than legally prooirpd adds he's paid hundreds of millions of dollars in a variety of tax. In 1994, trump sounded confident while facing a mountain of debt. I had $975 million worth of personal debt. That's down now to about $115 million. I'll pay that off very quickly. Reporter: It took years but trump did bounce back. Something some of his allies are using one word to describe. My response is he's a genius. A genius? Absolute genius. No one who has shown more genius in their way to maneuver around the tax code as he rightfully used the laws to do that. Reporter: But trump himself has railed against the wealthy taking advantage of tax loopholes, possibly the same way he did. I know people that are making a tremendous amount of money and paying virtually no tax. It's unfair. We talk about the rigged system out there. Donald Trump embodies that. Reporter: Now, as trump is dealing with this tax story, the associated express out with an investigation citing former staffers and contestants on the apprentice accusing Donald Trump of sexual harassments. One saying trump would ponder which were tigers in bed. The trump team denies these accusations.

This transcript has been automatically generated and may not be 100% accurate.

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