Democrat lawmakers are now complaining that President Trump’s new hotel in Washington, D.C. fell short of its projected revenue by over $2 million in the first two months of operation.
Democrats on the House Oversight and Transportation committees cited a letter that they had obtained from the Government Services Administration in which they wrote to GSA chief Timothy Horne asking how the agency planned to handle the alleged breach of Trump’s lease on the hotel.
According to The Hill, “Democrats stated in their letter that a provision in Trump’s lease, which was signed several years before he began his presidential campaign, prevents any federal elected official from being included on or benefiting from the lease.”
As Trump was sworn into office on Friday, Democrats claim this violates the lease on the property.
“Our hope has always been that President Trump would resolve these breach-of-lease and conflict of interest issues prior to being sworn in as President on January 20. Unfortunately, President Trump has refused to address these concerns, and taxpayer dollars may now be squandered as career public servants are forced to take remedial action to cure this breach,” Democrats wrote.
House Democrats, who asked for copies of all correspondence between the GSA, the Trump Organization and transition team, asked Horne if the agency would notify Trump of his lease violation. They also wanted to know how the GSA plans to deal with the alleged breach and how it would handle the claims that workers had not been paid for services contributed to the hotel.
Correspondence revealed that Trump has a 76.7 percent stake in the hotel, and included hotel’s revenue from September and October 2016 – its first two months of operation, versus estimates.
“The Trump hotel made $1,301,000 in revenue in September, though it was projected to make $2,087,000, a roughly $700,000 shortfall. The hotel made $2,771,000 in revenue in October, versus a projected $4,276,000. That’s nearly $2.3 million less than projected in total,” The Hill reported.
“The possibility that President Trump will profit from large increases in hotel revenues because he was elected President highlights the grave concerns we have raised for months about his conflicts of interest and potential violations of the Emoluments Clause of the Constitution,” wrote the Democrats.
The president’s hotel has been a constant issue for Democrats and ethics officials, “claiming it could be used by foreign governments and businesses” to garner “favor with the president.”
H/T: The Hill
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