On Monday, Donald Trump claimed that he is preparing to release an “extremely complete” report of his financial records. He did not offer any real specifics or a clear timeline.
Trump spoke to reporters outside of the White House and suggested that the release of the “extremely complete” financial records would dispel any notion that his real estate empire is in need of taxpayer money or that his businesses needed business to be driven there throughout his presidency.
Trump’s latest claim is a result of a controversy that was made public last week by Politico. Reportedly there were several instances that U.S. Air Force crews stated in Trump’s Turnberry golf resort in Scotland while refueling at a small government-owned airport approximately 23 miles from Trump’s resort.
“I own a lot of different places,” Trump told reporters. “Soon, you will find that out because I will be, at some point prior to the election, I will be giving out a financial report of me. And it will be extremely complete. I’m going to give out my financial condition.”
Trump’s finances have been a major issue since he began campaigning for president back in 2016. The issues stem from his refusal to release his income taxes, which breaks a decades-long tradition for major party nominees.
Democrats in the House have been embroiled in a legal battle with the White House as well as top banks with whom he’s conducted business in an attempt to compel their release for some time now, but clearly, chances of getting the issue resolved before the 2020 presidential election do not look good.
This is not the first time that Trump has pledged to release information about his personal finances, but failed to do so, He initially stated that he could not release his tax records because he was under audit, but an audit would not prevent him from releasing his records.
Donald Trump is required as president to submit annual financial disclosures. It is unclear whether he was referring to these less revealing documents on Monday. He has not made any type of financial disclosure since May.
On Monday, Trump pledged that the financial statements he would release would show that his properties are not hurting for business.
“You will be extremely shocked at the numbers,” he told reporters. “Many, many times what you think. I don’t need to have somebody take a room overnight at a hotel.”
Since moving into the Oval Office, Trump has been dogged by accusations that he is profiting from his presidency. Trump did not release ownership of his businesses after taking office instead he placed his holdings in trust, which is designed to hold the assets for his benefit. Trump can receive money from the trust any time that he chooses.
Since the beginning of his presidency ethics officials and lawmakers have raised major concerns about foreign officials staying at Trump hotels, noting that Trump supporters and industry groups regularly hold events at Trump-owned locations. Trump recently announced that next year’s G-7 Summit may be held at his Doral golf resort in Florida. Trump stayed at his Turnberry resort in Scotland during an official visit to the UK and Mike Pence and his family recently stayed at a Trump resort while on an official visit to Ireland.
Revenue at Trump’s Turnberry golf resort in Scotland increased by $3.1 million in 2018.