The Bulwark

The Bulwark

Home
Watch
Shows
Newsletters
Chat
Special Projects
Events
Founders
Store
Archive
About
The Triad

Trump Has Another Huge Problem (Besides the Indictments)

It's all about the Benjamins.

Jonathan V. Last's avatar
Jonathan V. Last
Jul 19, 2023
∙ Paid
(Composite by Hannah Yoest / Photos: GettyImages / Shutterstock)

1. Office Tower Economics

Put aside the looming third indictment for a moment: Donald Trump has another problem—a big, expensive one. Two of them, actually. They have to do with real estate.

And these problems partially explain why running for president again was something Trump had to do.

Back in 2022 the House released some of Trump’s tax information. Buried in the documents was disclosure about Trump’s ownership stake in two office towers.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Bulwark Media · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture