Trump Organization Refutes House Democrat Report on Trump’s Finances

The Trump Organization denied on Jan. 4 that former President Donald Trump improperly profited from his presidency, describing House Democrats’ claims to the contrary as “insane.”

A new report published by the Democrats on the House Oversight Committee asserts that the 45th president’s businesses took in at least an estimated $7.8 million from 20 foreign governments—including those of China, Saudi Arabia, the United Arab Emirates, and others—during his term, in violation of the Constitution.

The outlined payments mostly included spending on rent at Trump Tower and Trump World Tower—both in New York—and on stays at the Trump International Hotels in Washington and Las Vegas.

The report also alleges that President Trump allowed those payments to influence his foreign policy moves, citing his decision not to sanction the Industrial and Commercial Bank of China (ICBC)—which leases office space in Trump Tower—as an example.

But Kimberly Benza, a Trump Organization spokesperson, told The Epoch Times via email that such claims were ridiculous.

Read Full Article Here