Posted on 05/16/2019 2:26:24 AM PDT by blueplum
NEW YORK (AP) — President Donald Trump's latest financial disclosure report is expected to provide a rare glimpse into whether his presidency has helped or hurt his hotels, golf resorts and other parts of his business empire.
The report, which is filed with the Office of Government Ethics and set for release Thursday, will be closely studied for changes in revenue at key properties in 2018, including his Mar-a-Lago resort in Palm Beach, Florida, his Washington, D.C., hotel and his Doral golf resort in Miami.
Experts say the Trump business has taken a hit from the president's divisive policies and rhetoric, though the Trump Organization says much of the business is fine.
Trump's biggest revenue generator among his golf properties, Doral, took in $75 million in revenue in 2017. By comparison, Trump's "Summer White House," his golf club in Bedminster, New Jersey, generated $15 million.
(Excerpt) Read more at hosted.ap.org ...
Info was available last year, too. The businesses are run by his children.
A legitimate successful business man who earns his money vesus the criminal life long politician who steals, rapes, plunders and robs and knows nothing about earning a living, some contast
Who cares? The media is more obsessed with his wealth than he is.
“This one time I’ll let you ask me about my affairs”
WTF does this have to do with ANYTHING concerning AMERICA? Obama and Clinton became astronomically wealthy IN OFFICE as do most politicians!!!!! Congress and a good portion of government is absolutely worthless.
The headline is total BS. Rare look implies he is hiding something. WHen does anyone let anybody look at their finances? Especially the cretins in Washington. Sorry but fuck the media. Sick of them.
I read yesterday that Doral was going broke.
It IS important to look at Profits rather than revenues.
Good catch. This is a fishing trip. If it wasn’t, then why was the report filed with the Office of Government Ethics? They’re not there to determine if anything changed since Trump went into the oval office, that would be with The Federal Statistical System of the United States. They’re there to dig up dirt. Leave it to the AP to try to hide that. They lie like a rug.
rwood
Why can’t President Trump take a position that his financial records can be used to determine his business strategies and strip him of his knowledge advantage in business dealings? Then ask Congress for a $3B surety bond that his records won’t be leaked, paid from the Congressional retirement fund.
It’s an annual thing required by law. Link is at the bottom of this summary:
High-level officials in all three branches of the federal government are required to publicly disclose detailed information concerning their financial holdings and transactions in incomeproducing property and assets, such as stocks, bonds, mutual funds, and real property, as well as information on income, gifts, and reimbursements from private non-governmental sources.
Covered federal officials must disclose this information not only for themselves, but also must disclose much of the same required financial information with regard to their spouses and dependent children.
Public financial disclosure and reporting requirements, originally adopted in the Ethics in Government Act of 1978, apply to the President, Vice President, all Members of Congress (as well as to candidates for President, Vice President, or Congress), federal judges and justices, and to employees in all three branches of the federal government who are compensated at a rate of pay over a particular amount (generally, 120% of the base salary of a GS-15) for more than 60 days in a calendar year.
Covered officers and employees of the federal government must file detailed financial reports on an annual basis by May 15, setting out information for the previous year on income, gifts, reimbursements, financial holdings and assets, financial transactions, outside positions held, and any agreements or understandings for future private employment.
In addition to the annual May 15 reports, all covered public filers must file more frequent public reports throughout the year concerning financial transactions of over $1,000 in assets such as stocks or bonds. Such periodic reports on financial transactions must be filed within 30 days of the receipt of notice of any such covered purchase or sale (but not later than 45 days of the actual transaction).
For the highest-level officials in the executive and legislative branches of government—the President, Vice President, Members of Congress, and executive officials compensated on Level I of the Executive Schedule (Cabinet officials) and Level II of the Executive Schedule (including sub-Cabinet officials and heads of executive branch and independent agencies)—all of the public reports required to be filed, including the annual report and the periodic transaction reports, are to be posted on the Internet for public availability, searching, and downloading. For all other covered employees in the federal government, the financial disclosure reports remain publicly available to individuals and the press at the employee’s agency.
https://fas.org/sgp/crs/misc/R43186.pdf
““Being president has cost me a fortune — a tremendous fortune like you’ve never seen before.” - Trump
Two years of Russia-Russia-Russia and “hate old white men” have done their damage. Article linked below says Doral’s down about 18% - and that tied to losing the Doral Open sponsor. But Trump has since been proved right about Russia and the illegals, so a second term should see an improvement.
While in my position with the DOD, I dealt with this agency.
The United States Office of Government Ethics (OGE), who does this financial reporting, is an independent agency within the executive branch of the U.S. Federal Government which is responsible for directing executive branch policies relating to the prevention of conflict of interest on the part of Federal executive branch officers and employees. Congress is in the legislative branch but can receive the information within the report.
That info is very basic:
Income, gifts, assets, liabilities, transactions, outside positions, agreements, blind trusts. All very standard stuff. But the intent of this surrender is for the agency to determine conflict of interest, not criminal proceedings. They do not investigate anything but conflict of interest in accordance with - Title 5. Administrative Personnel Chapter XVI. OFFICE OF GOVERNMENT ETHICS.
There is nothing within this report that can indicate any criminality of high crimes and misdemeanors within the case congress is trying to accomplish on Trump either for conflicting the protection of an election using Russia or any collusion or obstruction of justice concerning statements or released information by the president or his family in relationship to the above efforts.
Therefore, going after him for his financial history is a witch hunt and has nothing to do with anything but harassment. That’s all this has ever been, background noise.
rwood
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.