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Posted on: January 4, 2024 at 12:05:27 CT
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The transactions offer concrete evidence that former President Trump engaged in the kind of conduct that the G.O.P. is seeking to pin on President Biden.
Donald Trump's businesses received at least $7.8 million in payments from foreign governments and government-backed entities from 20 countries while he was in the White House, according to a new report by House Democrats.
Drawing upon 451 pages of documents received from Trump's longtime accounting firm Mazars and a federal agency, Democratic staffers on the House Oversight Committee on Thursday issued their 156-page report entitled "White House for Sale: How Princes, Prime Ministers, and Premiers Paid Off President Trump."
The records, the report said, "demonstrate that four Trump-owned properties together collected, at the least, millions of dollars in payments from foreign governments and officials." The Democrats alleged these payments violated what's known as the Constitution's Foreign Emoluments Clause, which prohibits federal officials from accepting gifts or other benefits from foreign countries without congressional approval.
"This report sets forth the records showing foreign government money — and all the spoils from royals we can find — pouring into hotels and buildings that the President continued to own during his presidency, all in direct violation of the Constitutional prohibition," said Rep. Jamie Raskin of Maryland, the top Democrat on the committee.
While Trump turned over day-to-day operations of his businesses to his sons when he entered the White House in 2017, he declined to divest his assets and retained "personal ownership and control of all his businesses, as well as the ability to draw funds from them without any outside disclosure," the report alleged. This arrangement, Democrats said, "reinforced (rather than severed) his ties to his businesses and enabled him to prioritize his personal interests over those of the nation."
During his presidency, the Trump International Hotel in Washington attracted many foreign diplomats and dignitaries hoping to mingle with Trump allies and administration officials. According to Trump's financial disclosure reports from when he was president, he earned more than $40 million from the D.C. hotel in 2017, and $40.8 million the following year.