Politics: Trump's financial disclosure report shows income from Mar-a-Lago and Trump Hotel - PressFrom - US
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PoliticsTrump's financial disclosure report shows income from Mar-a-Lago and Trump Hotel

21:20  16 may  2019
21:20  16 may  2019 Source:   cbsnews.com

Ocasio-Cortez suggests Trump may be 'vulnerable to shady activity' due to alleged business losses

Ocasio-Cortez suggests Trump may be 'vulnerable to shady activity' due to alleged business losses Rep. Alexandria Ocasio-Cortez said President Trump may be “vulnerable to shady activity” after a report claiming he lost billions of dollars from his businesses over three decades ago. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); The New York Democrat tweeted about a New York Times report that alleged that Trump claimed to have lost $1.17 billion from his real estate businesses on his federal income tax returns for the decade between 1985 and 1994.

Trump's financial disclosure report shows income from Mar-a-Lago and Trump Hotel© / Getty Images gettyimages-1148896534-594x594.jpg

President Trump's annual financial disclosure report has been released through the Office of Government Ethics, revealing his assets and liabilities.

The president's 2019 financial disclosure report, covering 2018, reveals $22.7 million in income from Mar-a-Lago in the last year, and $40.8 million from his Trump Hotel International in Washington, D.C. The previous year in 2017, the president drew in $25.1 million in income from his Mar-a-Lago property and $40.4 million from Trump Hotel in D.C.

What Is Donald Trump Hiding?

What Is Donald Trump Hiding? President Trump owes the American people a fuller account of his financial dealings, including the release of his recent tax returns, because politicians should keep their promises, because the public deserves to know whether his policies are lining his pockets and because the integrity of our system of government requires everyone, particularly the president, to obey the law. Mr. Trump promised to release his tax returns before his presidential campaign and in the early stages of that campaign, then reneged, offering a long series of inconsistent excuses for breaking his promise. Now Mr.

The report is a window into Mr. Trump's personal financial situation, offering general information on income, assets and liabilities in ranges, but not specific dollar amounts. The report does not specify whether Mr. Trump's businesses ran a profit that year, or offer any insight into what kind of taxes the president paid.

Last year's 92-page report revealed the previously undisclosed reimbursements made to his former lawyer and fixer Michael Cohen, after the president's lawyer Rudy Giuliani acknowledged on live television that Mr. Trump reimbursed Cohen despite Mr. Trump saying he was unaware of the payments. The disclosure was made as a footnote in a section on Mr. Trump's liabilities. The head of the Office of Government Ethics (OGE) flagged that discrepancy to then-Deputy Attorney General Rod Rosenstein in case it was "relevant to any inquiry you may be pursuing."

Trump financial disclosure reveals revenue dips at Mar-a-Lago, mixed results at other businesses

Trump financial disclosure reveals revenue dips at Mar-a-Lago, mixed results at other businesses The information about the president's properties was released by the Office of Government Ethics.

The president's report last year also shows him reaping significant revenue from his Trump International Hotel, blocks from the White House in Washington, D.C., while the profits of many other Trump properties around the country foundered.

Mr. Trump did not divest his businesses as many critics called on him to do, handing day-to-day responsibilities to his sons Donald Trump Jr. and Eric Trump instead.

The president has declined to release his tax returns, which would give a fuller picture of the president's financial situation. The Treasury Department declined a request from the House Ways and Means Committee Chairman Richard Neal to obtain the last six years' worth of the president's tax returns.

The New York Times reported earlier this month that Mr. Trump lost more than $1 billion over a decade during the 1980s and 1990s. Citing printouts of IRS tax transcripts, the Times reported Mr. Trump lost roughly $1.17 billion between 1985 and 1994 from his business endeavors involving casinos, hotels and residential properties.

Read More

Trump appeals ruling allowing banks to hand his financial records to Congress.
The Trumps and Trump Organization appealed a court order allowing Deutsche Bank AG and Capital One to hand their financial records over to Democratic lawmakers. They are asking the 2nd U.S. Circuit Court of Appeals in Manhattan to overrule U.S. District Judge Edgardo Ramos, who on Wednesday refused to block the banks from responding to subpoenas issued last month by two U.S. House of Representatives committees. Deutsche Bank, Capital One, the House Financial Services Committee and House Intelligence Committee did not immediately respond to requests for comment.

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