US President to provide rare look of finances in disclosure report

Vastavam web: President Donald Trump’s latest financial disclosure report is expected to provide a rare glimpse into whether his presidency has helped or hurt his hotels, golf resorts and other parts of his business empire.

The report, which is filed with the Office of Government Ethics and set for release Thursday, will be closely studied for changes in revenue at key properties in 2018, including his Mar-a-Lago resort in Palm Beach, Florida, his Washington, D.C., hotel and his Doral golf resort in Miami.

Experts say the Trump business has taken a hit from the president’s divisive policies and rhetoric, though the Trump Organization says much of the business is fine.

Trump’s biggest revenue generator among his golf properties, Doral, took in USD 75 million in revenue in 2017. By comparison, Trump’s “Summer White House,” his golf club in Bedminster, New Jersey, generated USD 15 million.

While Trump has not released his tax records, he has been filing financial disclosure reports since he ran for president. The latest report, listing 2018 figures, will allow for the first time a 12-month comparison with a previous year. Trump’s report released two years ago stated estimates for revenue over 16 months.

The reports filed with the government ethics agency each year are for revenue, not profits, and the figures are given in ranges and so provide only a partial picture of the finances of Trump and other executive branch officials who file them. When Trump took office, he refused to fully divest from his global business, a break with presidential tradition.