Jon Stewart Finds Himself Playing Defense For Trump 'Overvaluation' Hypocrisy
Jon Stewart argued on the Monday edition of "The Daily Show" that Donald Trump's supposed overvaluation of his properties was "not a victimless" crime, in reference to Trump's civil fraud case.
"Well, it turns out that for a decade, whenever Trump wanted to get a loan or make a deal, he would illegally inflate the value of his real estate. For instance, suggesting that his 11,000-square-foot penthouse was a 30,000-square-foot-penthouse," said Stewart.
"We all do it. I mean, on my license I'm not listed as 5'7''. I'm listed as 30,000 square feet."
Stewart added that New York Attorney General Letitia James "knew that Trump's property values were inflated because when it came time to pay taxes, Trump undervalued the very same properties. It was all part of a very sophisticated real estate practice known as lying."
However, following the segment, podcast host Tim Pool dug up a 2014 New York Times article as proof Stewart benefited from an 829 percent overvaluation of his own home.
Pool notes that Stewart sold his 6,280-square-foot New York City penthouse to financier Parag Pande for $17.5 million in 2014. All the while, Stewart paid significantly lower property taxes for the property, based on the $847,174 assessor valuation price.
An article from the New York Post confirmed several of the details Pool posted on social media.
On Wednesday, Stewart responded to the criticism in a social media post in which he tried to deflect attention toward other accusations against Donald Trump.
"OMG!! I've been caught doing something not remotely similar to Trump," said Stewart on X.
"I guess all I need to do now is start a fraud college, steal classified docs, bankrupt casinos, pay hush money, grab pussies, discriminate in housing, cheat at golf and foment insurrection and you'll revere me!"
Stewart's critics, however, doubled down:
Tim Pool added the following comment under Stewart's response:
"My brother[.] You sold a property NY valued at 1.8M to someone for 17.5M and they lost 4M because of it[.] And you paid taxes on a valuation of 748k. 'When it came time to pay taxes he undervalued his property.'"
Trump has yet to address Stewart's criticism. We suspect he will, shortly.