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babylonsister

(170,962 posts)
Thu May 18, 2017, 05:41 PM May 2017

Senate Dems say Trumps company a pass-through for income to president


Senate Dems say Trump’s company a ‘pass-through for income’ to president
By Darren Samuelsohn
05/18/2017 02:58 PM EDT


Senate Democrats called Thursday for President Donald Trump’s company to disclose significant more details about how it’s been operating since its owner became president.

In a letter to the Trump Organization’s new leadership, including the president’s adult sons Donald Trump Jr. and Eric Trump, Sen. Patrick Leahy and 16 other Democrats also questioned whether their company remains “effectively a pass-through for income” that repeatedly puts the president in violation of the Constitution’s ban on accepting gifts or payments from foreign government officials or the U.S. government itself.

Citing a spate of recent media reports, the senators said Trump’s pre-inauguration pledge to extricate himself from his company didn’t square with his son Eric Trump’s recent statement that he’s giving his father business updates “probably quarterly.” They also challenged Trump over a trust arrangement he set up that allows him to take “net income or principle” from his trust whenever he wants.

“It defies common sense to believe that this type of arrangement resolves the President’s conflicts of interest,” the senators wrote. “It also raises serious questions regarding how such an arrangement could credibly insulate the President from unending Emoluments Clause violations.”

The Democrats posed a series of specific information requests to the Trump Organization. They want to know whether the company is generating any income from federal or state governments or foreign governments, and if it is, the Democrats called on the company to say whether that money is separated and reported in a different account.

They also asked for a “complete accounting” of federal funds paid to the Trump Organization for space at Trump Tower or at the president’s golf courses to rent golf carts; and they pressed for an estimated value from the 38 Chinese trademarks that the Trump Organization recently obtained, as well as an additional 157 pending trademark applications in 36 countries detailed in a recent New York Times report.


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http://www.politico.com/story/2017/05/18/senate-democrats-question-trump-business-income-238564
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Senate Dems say Trumps company a pass-through for income to president (Original Post) babylonsister May 2017 OP
Laurence Tribe says Dumpf was in violation of Constitution Panich52 May 2017 #1

Panich52

(5,829 posts)
1. Laurence Tribe says Dumpf was in violation of Constitution
Thu May 18, 2017, 06:00 PM
May 2017

on Jan 20, and every day since, because of numerous foreign entanglements.

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