We Just Got More Proof That Donald Trump Is Profiting From The Presidency
#Kleptocracy
Donald Trump is making a killing off the presidency, according to a new financial filing.
Trump’s Washington D.C. hotel – you know the one where he is both the landlord and the tenant – has recorded nearly $2 million in profit so far this year.
The hotel had anticipated losing about $2 million in the first year of operation, but thanks to all the people trying to curry favor with the president, the hotel is making massive amounts of money.
According to The Washington Post, ”
Trump’s company turned a $1.97 million profit at its opulent Trump International Hotel so far in 2017, dramatically beating its expectations and giving the first hard numbers to critics who charge that Trump is profiting from his presidency.”
The hotel has only been in business for 4 months.
Trump’s hotel has become the hub of Republican politics in Washington D.C. with GOP insiders and Trump associates spotted at the property on a daily basis.
Guests at the hotel have spent $8.2 million on food and drinks so far this year. That’s a lot of money on food and drinks.
Ethics watchdogs have filed legal complaints citing the Constitution’s Emoluments Clause and even Trump’s hotel lease agreement which specifically states that the lessee cannot be a government employee.
The Washington Post also notes, “This year, guests have paid an average of $652.98 a night to stay there, beating the company’s expectations by 57 percent, according to documents posted online recently by the General Services Administration.”
Read the full Washington Post report here.
[image via Twitter]
