SPONSORED:

New Biden campaign ad jabs at Trump's reported $750 income tax payments

A new ad from Democratic presidential nominee Joe BidenJoe BidenNearly 300 former national security officials sign Biden endorsement letter Trump narrows Biden's lead in Pennsylvania: poll Florida breaks first-day early voting record with 350K ballots cast MORE's campaign targets President TrumpDonald John TrumpNearly 300 former national security officials sign Biden endorsement letter DC correspondent on the death of Michael Reinoehl: 'The folks I know in law enforcement are extremely angry about it' Late night hosts targeted Trump over Biden 97 percent of the time in September: study MORE over details about his tax payments reported by The New York Times on Sunday.

The ad, released on Twitter by the Biden campaign late Sunday evening just hours after the Times's bombshell report was published, features the faces of a number of U.S. taxpayers and their corresponding tax burdens, before comparing their payments to the $750 reportedly paid by Trump during his first year in office. It features no narration.

ADVERTISEMENT

The ad is the Biden campaign's first official comment on the story reported Sunday by the Times, which detailed the numerous financial loopholes pursued by the president to reduce his tax burden, including writing off some expenses such as his own hairstyling costs as business-related.

The president and the Trump Organization have both fiercely denied the story, which comes shortly before Trump and Biden's first debate on Tuesday. At a press conference Sunday, Trump said the story was "totally fake news."

Other Democrats were quick to shred Trump on Twitter over the story, calling his low reported tax rate and years of paying no taxes at all a disgrace to working families.

"Donald Trump paid just $750 in income taxes in 2016 and 2017. He knows better than anyone that there’s one set of rules for the wealthy and giant corporations and another for hardworking Americans—and instead of using his power to fix it, he's taken advantage of it at every turn," tweeted Sen. Elizabeth WarrenElizabeth WarrenOvernight Health Care: Trump takes criticism of Fauci to a new level | GOP Health Committee chairman defends Fauci | Birx confronted Pence about Atlas Senate Democrats call for ramped up Capitol coronavirus testing Government watchdog to investigate allegations of Trump interference at CDC, FDA MORE (D-Mass.).

"Shock of shocks! Donald Trump, the self-proclaimed billionaire, received a $72.9 million tax refund from the IRS while not paying a nickel in federal income taxes in 10 out of 15 years," added Sen. Bernie SandersBernie SandersThe Hill's Morning Report - Sponsored by Goldman Sachs - Tipping point week for Trump, Biden, Congress, voters Biden and Schumer face battles with left if Democrats win big Push to expand Supreme Court faces Democratic buzzsaw MORE (I-Vt.). "Yep. Trump l-o-v-e-s corporate socialism for himself, rugged capitalism for everyone else."