trump foreign business donate us treasury

If you enjoy reading TPM and value what we do, become a member today. We do what other news outlets can’t or won’t do because our members’ support gives us real independence. Many of our best stories were born from reader tips and valuable member feedback. Not only does member support account for more than 80% of TPM’s revenue, our members have helped us build an engaged and informed community. That’s not just marketing speak, it’s true: our work would literally not be possible without readers deciding to become members. Our unique approach to reporting and presenting the news, however, wouldn’t be possible without our readers’ support. They also pointed to our ability to report on important stories and trends long before they are picked up by mainstream outlets our ability to contextualize information within the arc of history and our focus on the real-world consequences of the news. When we asked recently what makes TPM different from other outlets, readers cited factors like honesty, curiosity, transparency, and our vibrant community. Trump Organization sends 151,470 in foreign profits to Treasury Although not a legal requirement, this voluntary donation fulfills our pledge to donate profits from foreign government patronage. In a separate letter, Cummings also asked Mnuchin to turn over any documents the company provided to Treasury about the donation and a copy of the check.īoth Trump Organization and Treasury officials were not immediately available to comment on Cummings’ letters. In Monday’s letter, Cummings pressed for any documents identifying foreign government-sourced payments to the Trump Organization, as well as how the firm calculated its foreign payments and whether the company planned to claim its Treasury donation as “a gift for tax deduction purposes.” Treasury.Ĭummings said that in a “woefully incomplete response” last May, the company provided a pamphlet explaining that it could not identify its patrons because it “would impede upon personal privacy and diminish the guest experience of the brand.” Cummings said the firm “refused to comply” to a bipartisan request from lawmakers last April to provide documents on Trump’s plan to donate his firm’s foreign profits to the U.S.

Sorial, the organization’s executive vice president, Cummings noted that the firm has not disclosed any details behind the donation. Elijah Cummings of Maryland, ranking member of the House Oversight and Government Reform Committee, asked a Trump Organization lawyer Monday to provide documents showing the company’s foreign government payments and how it calculated its donation. By Julia Harte WASHINGTON (Reuters) - President Donald Trumps businesses say it would be 'impractical' to require customers representing foreign nations to identify themselves, raising questions about how Trump will fulfill a pledge to donate all profits from overseas governments to the U.S. President Donald Trump pledged last year to donate profits from foreign government patronage at his company’s properties.

WASHINGTON (AP) - A senior House Democrat asked the Trump Organization and Treasury Secretary Steven Mnuchin on Monday to provide more information on a $151,470 donation the Trump family firm turned over in February to the government.

Trump foreign business donate us treasury