Trump Organization Uses Foreign Profits to Pay Down U.S. Government Debt Trump Organization Uses Foreign Profits to Pay Down U.S. Government Debt – NTK Network

Trump Organization Uses Foreign Profits to Pay Down U.S. Government Debt

Many have accused the president of a conflict of interest, with foreign governments using his hotels. Now he's donating the profits to the country.

By NTK Staff | 02.26.2018 @4:00pm
Trump Organization Uses Foreign Profits to Pay Down U.S. Government Debt

The Trump Organization announced on Monday that it donated all of its profits from foreign governments to the U.S. treasury, according to the Associated Press.

Commentators accused President Trump of a conflict of interest, arguing that profiting off foreign governments using his clubs and hotels potentially compromised the president’s judgement.

But Trump’s company is turning the controversy on its head, making sure that the United States benefits from its business:

A Trump Organization executive said Monday that the company has donated profits from foreign government patrons at its hotel properties to the U.S. Treasury, but he wouldn’t say how much.

Executive Vice President and Chief Compliance Counsel George Sorial said in a statement that the donation was made on Feb. 22 and includes profits from Jan. 20 through Dec. 31, 2017. The company declined to provide a sum or breakdown of the amounts by country.

The donations to the U.S. treasury will help the federal government cover the expenses of its operations, helping the government avoid racking up more in debt.

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