While Trump promised that he would observe a separation between his business and the presidency, he retains ownership of the business and will personally benefit if the business profits from decisions made by his government. WASHINGTON -- New documents confirm that President Donald Trump retains a direct tie to his business interests through a revocable trust now being overseen by one of his adult sons and a longtime executive of the Trump Organization. Trump is the sole beneficiary of the Donald J. Trump Revocable Trust, which is tied to his Social Security number as the taxpayer identification number, according to documents published online by the investigative nonprofit ProPublica. The Trump trust holds a liquor license for the hotel that opened last fall in the federally owned Old Post Office building. And at any time, Trump can revoke the trust, which was amended three days before his inauguration.
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The Trump Organization also provided a list, signed by Trump on the day before his inauguration, of more than 400 companies from which he had agreed to resign. The company has declined multiple requests to provide company trust agreements that could provide more clarity. Trump Organization representatives did not respond for comment about the documents on Saturday. Congressional Democrats, including Rep. Elijah E. Cummings of Maryland, have been pressing the GSA to conclude that the Trump Organization is out of compliance with the lease. The documents were filed to the alcoholic beverage control board in the District of Columbia to alert the board that oversees liquor licenses at Trump's Washington hotel of the change in the business.
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