Ever since Donald J. Trump defeated Hillary Clinton in the 2016 presidential election, Democrats and their liberal media allies have been demanding he cut ties with all of his business entities immediately.
Now, documents provided by the Trump Organization to CNN show just that: President Trump has officially resigned from positions at over 400 business entities he was affiliated with.
From CNN Money:
The text of the 19-page letter reads: “I, Donald J. Trump, hereby resign from each and every office and position I hold” in more than 400 entities listed on the following pages. The letter is signed by Trump and dated January 19, the day before he was sworn into office.
At a press conference January 11, Trump pledged to transfer his business holdings to a trust run by his sons, though not sell his ownership stake. Sheri Dillon, a lawyer for Trump, said at the time that Trump would still receive reports on the overall profit of the Trump Organization.
She also said Trump’s two adult sons, Don Jr. and Eric, would lead the company after he resigned, and Trump would not discuss the business with them. White House Press Secretary Sean Spicer acknowledged the move at a briefing Monday afternoon.
“He has resigned from the company as he said he would before before he took office,” Spicer said. “Don and Eric are fully in charge of the company.” Trump Organization General Counsel Alan Garten said in a statement to CNN on Monday that Trump “resigned from all positions of management and authority with The Trump Organization and its affiliates.”
For months, liberals were in panic mode that a successful businessman was about to become America’s 45th president, and did everything in their power to minimize and question his legitimacy to hold office.
From day one, the left falsely claimed that President Trump’s business ties were a conflict of interest and erroneously claimed he would run his company while simultaneously serving as president of the United States.
Donald Trump had always vowed to step down from his companies when he became president and this finally puts to rest the liberal media freak-out over whether he would step away from his businesses to run the country.
Do you support President Trump’s decision to resign from all his companies? Share your thoughts below!
As we have all come to expect from this site and Trump, the usual mix of lies and exaggerations. Here’s some truth:
Trump sued for violating the Trump sued for violating the Emoluments Clause of the Constitution
The Emoluments Clause states, “[N]o Person holding any Office of Profit or Trust under them [i.e., the United States], shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.”
Since Trump refused to divest from his businesses, he is now getting cash and favors from foreign governments, through guests and events at his hotels, leases in his buildings, and valuable real estate deals abroad. Trump does business with countries like China, India, Indonesia and the Philippines, and now that he is President, his company’s acceptance of any benefits from the governments of those countries violates the Constitution. When Trump the president sits down to negotiate trade deals with these countries, the American people will have no way of knowing whether he will also be thinking about the profits of Trump the businessman.
The plaintiffs will not be seeking monetary damages. Instead, they are looking for something much more dangerous for Trump. They want access to his tax returns.
Citizens for Responsibility and Ethics in Washington (CREW) is bringing a federal lawsuit to stop President Trump from violating the Constitution by illegally receiving payments from foreign governments. The lawsuit will be filed in the Southern District of New York when the court opens at 9 AM on Monday.
CREW will have two hurdles to overcome in this lawsuit. First, they will need to demonstrate that they have legal standing. They will also need to successfully argue that the Emoluments Clause covers payments from a foreign government to a member of the president’s family. President Trump has been very crafty over the years with putting his kids’ names on his business interests.
If the CREW legal team, which includes Norman Eisen, Richard Painter, Erwin Chemerinsky, Laurence H. Tribe and Zephyr Teachout, and Deepak Gupta of Gupta Wessler PLLC is successful, America will finally find out what it is that Donald Trump is hiding.