Trump Financial Disclosures Show Drop In Mar-A-Lago Income

18 May, 2019, 04:20 | Author: Wade Massey
  • Trump’s Prized Business Is in Big Trouble

The Trump International Hotel is located less than a mile away from the White House and a newly-minted magnet for lobbyists and diplomats, generated almost $41 million, an increase in revenue from the year prior.

President Donald Trump reported income of at least $434 million in 2018, according to his annual financial disclosure released Thursday by the White House.

Trump declared on the form that last year he received a 30-year mortgage loan of $5 million to $25 million in 2018 from Professional Bank, a small Florida bank, for a property identified as 1125 South Ocean LLC.

On the campaign trail, when pressed about the lawsuit, Trump repeatedly referred to Curiel as Mexican, although he is from IN, complaining that he could not get fair treatment from him because of his heritage.

Trump also called for the death penalty for killing officers.

"[Trump] checked with the White House counsel, Pat Cipollone, who was in the room, if authorizing such a comment would be a problem legally and was told and affirmed to me that I could say that was his motive and that he was reversing an unjust verdict", Black wrote in his op-ed published by The Guardian. It has become a lightning rod for those critics who have accused the president of illegally profiting from foreign diplomats and state government officials who frequent the property.

Despite the reports of his losing a billion in the 20th century and his declining personal income over the past year, Trump's son Eric Trump said all was well with his father's enterprises.

Last year, Congress approved $12 billion in trade war farm aid.

Last month, a federal district judge ruled in favor of allowing the case to proceed to the evidence-gathering phase. Several foreign embassies have reportedly hosted functions there at a cost of several hundred thousand dollars.

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Scott Amey, the general counsel for the Project on Government Oversight, a Washington-based ethics watchdog, said those suing Trump can cite the revenue at the Old Post Office to argue that "there is a potential violation here".

"There are some legal arguments being made by Trump's team that hotel revenues and income aren't considered an emolument", he said.

"And other administrations didn't want to send it. Someday, you'll explain that one to me", Trump said.

Since 2015, the Post reported, revenue has also been down at other Trump properties, including the Doral resort in Miami, where, the Trump Organization says, fears of the Zika virus and hurricanes drove visitors away. This year's report only listed one, Trump Corporation.

While Trump has continually refused to release his tax records, he has been filing the less-specific financial disclosure reports since he began running for president.

Treasury Secretary Steven Mnuchin testifies before a House Appropriations subcommittee, April 9, 2019, on Capitol Hill in Washington.

At a time when House Democrats are battling the president for his tax returns, new disclosures provide some basic information about his finances. Mnuchin has signaled he won't comply with the subpoena.

But an influx of cash to Trump properties from political campaigns, foreign actors and multinational corporations with a stake in USA policy doesn't appear to have dramatically outweighed the apparent decline in revenue that comes with being associated with a high-profile divisive political figure.

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