To that end it has written checks for 342,000 to the government. Treasury to make good on its promise to hand over profits from foreign governments using its properties. Trump's son, Eric Trump, a top executive at the Trump Organization, said last week that the company donated $151,470 of profits from foreign governments. The Trump Organization did pledge that while Trump was president it would donate any profits from foreign entities to the treasury. President Donald Trump’s company says it has donated nearly 200,000 to the U.S. Trump has promised to turn over any foreign payments to the U.S. The Trump Organization announced last month that, as President Donald Trump previously pledged, it donated profits from foreign government officials patronizing its hotels to the Treasury Department. But the president's namesake business did not say how much money was donated. The luxury hospitality business our president is keeping a grip on is of a. Elijah Cummings of Maryland, ranking member of the House Committee on Oversight and Government Reform, sent letters Monday to George Sorial, Trump Organization executive vice president and chief compliance counsel, and Treasury Secretary Steven Mnuchin requesting the information. 45th President of the United States Donald Trump’s team addressed concerns about his potential conflicts of interest on Wednesday by saying he would donate all money spent by foreign governments on bills at his hotels to the U.S. He frequents the Trump International Hotel near the White House and often spends weekends at Mar-a-Lago, his private club in Palm Beach, Fla.A top Democrat is requesting documentation of how much money from foreign governments the Trump Organization donated to the Treasury Department last month.ĭemocratic Rep. Unlike other recent presidents, Trump did not divest himself of his business holdings or put them in a blind trust when he took office. Although The Trump Organization has pledged to donate foreign government profits from its hotel business to the U.S. The calculation does not include other profits - for example, on rent paid by the government of China for space at Trump Tower - or non-monetary benefits for Trump properties in other countries, or payments or benefits from state governments.īookbinder said that even if those problems were solved, the president might be influenced simply by knowing that foreign officials stayed at his properties. Trump promised to donate profits from foreign governments to the Treasury. The payments are calculated on profits from foreign governments at Trump hotels and similar properties, as explained in a pamphlet from the Trump Organization. The payment "is woefully inadequate," said Noah Bookbinder, executive director of Citizens for Responsibility and Ethics in Washington, a plaintiff in one of the lawsuits.
Sorial's statement doesn't refer to emoluments. The payment comes as the Justice Department is defending President Trump in three lawsuits that allege he is violating the foreign emoluments and domestic emoluments clauses of the Constitution - anti-corruption provisions that bar the president from taking rewards or gifts from foreign or state governments. Treasury the profits made from foreign governments since President Trump’s election. The transactions the payment was based on and the foreign governments involved were also not disclosed. The Trump Organization on Monday told The Associated Press that the company has donated to the U.S. The size of the payment was not disclosed. "This voluntary contribution fulfills our pledge to donate profits from foreign government patronage at our hotels and similar businesses during President Trump's term in office," George Sorial, the company's chief compliance counsel, said in a written statement on Monday.Ī Treasury spokeswoman confirmed the payment was received. Treasury an undisclosed sum last week, in the first of what it says are annual payments to compensate for hotel profits from foreign officials. Seven Things Agencies Could Buy With Trump’s Donation to Treasury The Trump Organization reportedly donated 151,000 to cover hotel profits from foreign visitors in a nod to ethics concerns. Treasury, an executive said in a statement. Lawsuits have been filed that allege he is violating anti-corruption provisions in the Constitution. WASHINGTON (AP) The Trump Organization has donated 151,470 in foreign government profits at its hotels and similar businesses last year to the U.S. After winning the election, Trump did not divest himself of his business holdings or put them in a blind trust. Donald Trump, center, then the Republican presidential nominee, attends the opening of the Trump International Hotel in Washington, D.C., in October 2016.
0 kommentar(er)
