Health Care

Trump & his DC hotel rip off taxpayers

Trump & his DC hotel rip off taxpayers”

Money is rolling in at President Trump's D.C. hotel, turning a almost $2 million profit so far in 2017 - a number that far exceeds original profit projections, according to a report by The Washington Post.

Exhibit one: The opulent - and may say "tacky" - Trump International Hotel in what once was the old Post Office Pavilion on Pennsylvania Avenue between the White House and the Capitol.

"The Trump International is, if not the, then one of the top rate-getters in the city", said Marc Magazine, an executive at the real estate firm Savills Studley. Nightly rates at competing luxury hotels like the Hay-Adams and the Four Seasons hover around a measly $495.

Who's scooping up the overpriced space?

Numerous bills, of course, are paid for by the taxpayers - which means federal funds, which means conning the government and breaking the law.

Oregon Congressman Peter A. DeFazio calls the whole thing "a highly ethical arrangement".

Government watchdog groups, competing businesses and state attorneys general have sued over what they call unfair business practices that allow Trump to use the presidency to enrich himself - a tension likely to be heightened by the hotel's nearly immediate profitability. Those gains easily outweighed underperformance by the hotel's retail, parking and Spa by Ivanka Trump, which all failed to meet the company's expectations. Trump claims he will donate any money paid by the many foreign government officials staying at the hotel and using the facilities to the U.S. Treasury but Trump has a long string of broken promises.

Ivanka Trump, the president's daughter, led the development of the project as a Trump Organization executive before resigning to join the White House. The most recent legal challenge to Trump's ownership of the property, filed by the watchdog group Citizens for Responsibility and Ethics in a NY district court on August 4, claimed that "no previous president has come to office with such disregard for conflicts-of-interest principles, or presented remotely the same risk of financial entanglement, foreign and domestic".

Since Trump's inauguration, the hotel has become a popular meeting place for Republican leaders, members of Trump's cabinet and conservative groups as well as a destination for Trump supporters.

They are proud of ripping off the government while their father destroys what little is left of the government and reputation of the United States.



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