President Trump makes financial disclosure

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Just In: Trump's Financial Records Released, 1 Detail Is Turning Heads


Trump’s Financial Disclosure Report Shows He Left 500 Positions To Become President


President Donald Trump‘s fiscal disclosure form shows that before taking office in January, the billionaire dropped about 500 business positions, illustrating the vast network of business holdings operated by the Trump Organization.

Trump listed about $315 million in liabilities, including mortgages and loans from Deutsche Bank in a range between $80 million and $175 million.

The report was posted by the Office of Government Ethics.


“President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form; while this filing is voluntary (as no report was due until May 2018), it has been certified by the Office of Government Ethics pursuant to its normal procedures,” said a statement from White House press secretary Sean Spicer.

The report confirmed Trump’s comments that he had sold his stocks last summer.

 

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"President Donald Trump‘s fiscal disclosure form shows that before taking office in January"/

Yes ~

Presidential candidates do not have to file "business connections", or Tax return disclosures.

However the President Elect does have to file a "business connection" and "severance" from such connections that may be in conflict with a Presidents Power to effect Laws, before assuming the Office.

"severance" (legal meaning) is dictated by Law and Regulation {in regard to the President elect} and does not always mean "selling" or "closing the business".

"President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form; while this filing is voluntary (as no report was due until May 2018)"

Yes ~

Filing personal financial disclosure's is not exclusive to the President and does have a required "due" time-frame.

"President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form; while this filing is voluntary (as no report was due until May 2018)"