WASHINGTON: US President Donald Trump said on Monday that being president has cost him between US$2 billion and US$5 billion that he would have made if he had continued running his business instead of getting into politics, a claim unsupported by evidence.
After Trump made a similar claim in August, Forbes wrote"Trump is not losing US$3 billion to US$5 billion. His income isn’t anywhere near US$3 billion." Unlike other recent US presidents, Trump has refused to release his income tax returns and has battled Congress and the courts to keep his finances under wraps.On Monday, Trump expressed annoyance at having to reverse his decision to stage the Group of Seven summit in June at his Trump National Doral golf resort in the Miami area.
Trump dismissed what he called"this phony emoluments clause," a line in the US Constitution that says presidents and lawmakers may not profit from their offices. Critics frequently accuse Trump of violating the emoluments clause.
Must everything has a price tag?
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