President Trump Hits Back Against New York Times Tax Return Report

The video discusses a New York Times report alleging President Trump paid minimal federal income taxes in 2016 and 2017, labeling it as fake news. It highlights Trump's questionable tax deductions and his refusal to release tax returns, despite promising to do so. The report also brings attention to an IRS audit of a significant tax refund Trump received, which could lead to penalties. Democratic nominee Joe Biden capitalized on the news, using it in a campaign ad, and it is expected to be a topic in the upcoming presidential debate.

What potential consequence was mentioned regarding the IRS audit of President Trump's tax refund?

How did Joe Biden respond to the news about President Trump's tax payments?