Posted on 12/15/2016 10:27:28 AM PST by SeekAndFind
Sen. Elizabeth Warren of Massachusetts promised on Thursday that she, along with four other Democratic senators, will introduce legislation to force President-elect Donald Trump to divest entirely from his business empire.
"Americans deserve to know that the president is doing what's best for the country not using his office to do what's best for himself," she tweeted. "The only way for @realDonaldTrump to eliminate conflicts-of-interest is to divest his financial interests and place them in a blind trust."
The Massachusetts Democrat wrote that Sens. Ben Cardin of Maryland, Chris Coons of Delaware, Dick Durbin of Illinois, and Jeff Merkley of Oregon will introduce the legislation next month that seeks to implement the Emoluments Clause, a passage in the Constitution that forbids government officials from receiving gifts from foreign governments.
As The Washington Post reported last month, a payment from a foreign official or state-owned company to a Trump hotel or other company bearing his name may violate the clause. So could favorable legislation or treatment overseas from a government aimed at benefiting a Trump property. But, some have argued that the clause does not apply to the presidency.
After canceling a highly anticipated press conference set for Thursday on what he would do regarding his business empire, Trump announced in a series of tweets early this week that "even though I am not mandated by law to do so," he would leave his businesses prior to inauguration.
(Excerpt) Read more at businessinsider.com ...
it’s not illegal
I don’t really care about your opinion.
Wouldn’t Trump benefit from capital-gains tax-breaks for forced sale of assets? If so, this might save Trump a bundle. That would be irony. Does anyone know what the rules are?
She added a rider to a Fed minimum wage bill several yrs ago made an exception for workers on American Samoa.
Her husband owns a lot of Starkist stock.
Facts: Speaker of the House Nancy Pelosi's home district includes San Francisco.
Star-Kist Tuna's headquarters are in San Francisco, Pelosi's home district.
Star-Kist is owned by Del Monte Foods and is a major contributor to Pelosi.
Star-Kist is the major employer in American Samoa employing 75% of the Samoan workforce.
Paul Pelosi, Nancy's husband, owns $17 million dollars of Star-Kist stock.
In January, 2007 when the minimum wage was increased from $5.15 to $7.25, Pelosi had American Samoa exempted from the increase so Del Monte would not have to pay the higher wage.
This would make Del Monte products less expensive than their competition's.
Last week when the huge bailout bill was passed, Pelosi added an earmark to the final bill adding $33 million dollars for an 'economic development credit in American Samoa'.
Pelosi has called the Bush Administration 'corrupt'.
She should know.
If it is not law now, I think it would be illegal to make retroactive laws.
Blind trust run by family should be enough.
How about a DNA test there Lizzy? Cost about $125 don't they?
As these politicians get further away from reality, it makes me appreciate the honesty, integrity and sincerity of professional wrestling even more. When is Joe Isuzu going to run for office?
That’s envy.
It’s what drives Liberals wild.
Pray tell if Warren has divested, or is she still making a killing from insider trading like the rest of the pack of Congress Critters she runs with?
My bet is she holds stock, a freaking ton of it.
Excellent post
What’s with the nastiness? Get up on the wrong side of the bed?
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