Friday, January 29, 2021

The U.S. Supreme Court Rejects Lawsuits Alleging Trump Profited Off Presidency; You Knew Trump Sacrificed While Working for Free as President, Now We're Learning How Big a Financial Hit He's Taking

Michael M. Santiago/Getty Images
Supreme Court rejects lawsuits over Trump emoluments case:
The US Supreme Court on Monday dismissed lawsuits that accused former President Donald Trump of illegally profiting from his four years in the White House as “moot” because Trump has left office.
“The judgment is vacated, and the case is remanded to the United States Court of Appeals for the Second Circuit with instructions to dismiss the case as moot,” the court wrote in an order released Monday. The court released no other comment.
The attorneys general of Maryland and the District of Columbia sued over whether Trump benefited financially from the Trump International Hotel in Washington, DC, while the Citizens for Responsibility and Ethics in Washington sued over the Trump International Hotel in Manhattan.
Maryland and DC accused Trump of profiting from his hotel whenever foreign dignitaries or people seeking to curry favor with his administration stayed at the property. --->READ MORE HERE
AP Photo/Jacquelyn Martin
You Knew Trump Sacrificed While Working for Free as President, Now We're Learning How Big a Financial Hit He's Taking:
Like many American business owners, Donald Trump took a huge financial hit in COVID America in the past year. But since leaving office, we’re getting a look at how much worse things have gotten for him.
At the White House, Trump worked for free, donating his $400,000 yearly salary to charities and government programs. In civilian life, his companies, run by his kids while he was in the White House, were bleeding money, according to financial disclosure forms he filed before leaving office.
The Washington Post reported:
Financial disclosure forms … revealed that his hotels, resorts and other properties had lost more than $120 million in revenue last year, as the pandemic forced long-term closures and kept customers home.

Those losses were worst in the places where Trump could least afford it: His Washington hotel, which has a $170 million loan outstanding, saw revenue drop more than 60 percent. His Doral resort in Miami — also carrying a huge debt load — saw a 44 percent drop.


But there were also sharp declines at … his Doral resort in Florida, and his Turnberry resort in Scotland. Their combined revenue fell from $149 million in 2019 to $71 million last year, a drop of more than half.

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