Attorneys General for the District of Columbia and the state of Maryland filed a lawsuit on Monday alleging that he violated anti-corruption clauses in the Constitution.
The lawsuit, brought by government entities and notably the first of its kind, centers on President Trump choosing to retain ownership of his company when he became president. In January, Trump told the American people that he was shifting his business assets into a trust managed by his sons to eliminate potential conflicts of interests.
The Attorneys General claims that Trump failing to shed his private business actions undermines public trust and is a violation of constitutional bans against self-dealing.
Attorneys general for D.C. and Maryland filed a lawsuit against President Trump on June 12, alleging that he violated anti-corruption clauses in the Constitution by retaining ownership of his company as president. Attorneys general for the District of Columbia and the state of Maryland say they will file a lawsuit on June 12 against President Trump. (Video Courtesy of PBS Newshour)
District of Columbia Attorney General Karl A. Racine (D) and Maryland Attorney General Brian E. Frosh (D) filed the lawsuit based upon Trump’s many broken promises to keep separate his public duties and private business interests. One example argued—Trump’ son Eric Trump stating that his father, President Trump would continue to receive regular updates about his company’s financial health.
The complaint treads upon uncharted legal territory. No state has filed a lawsuit or accused a president of violating the emoluments clauses of the Constitution.
Article I, Section 9, Clause 8 of the U.S. Constitution prevents anyone holding an “Office” from accepting presents or emoluments from “any King, Prince or Foreign State.” The Founders’ idea here, of course, is to prevent foreign powers using gifts or money to corrupt the President’s loyalty to the U.S.
A second clause prohibits the president from accepting economic benefits from the federal or state governments, other than his salary.
Mr. Trump continues to own and profits from his business empire, as cited in the lawsuit: “It’s unclear on whether Trump is making decisions in the country’s best interest or out of “self-interested motivations grounded in the international and domestic business dealings in which President Trump’s personal fortune is at stake.”
One allegation in the lawsuit is that businesses owned by Mr. Trump divert customers away from businesses the District of Columbia and Maryland either own, license or tax, causing those governments direct financial harm. Second, the attorneys argue in their lawsuit that the Trump International Hotel in Washington competes with convention facilities owned by the city’s government, as well as with a resort in Prince George’s County that generates tax revenue for Maryland.
President Trump’s misuse of his position to increase patronage of his family’s hotels and the restaurants by foreign diplomats is but one example of abuse of power, and public trust argued in the lawsuit. Although the businesses pay taxes, State attorney argues that it puts the District of Columbia and Maryland at a competitive disadvantage.
The lawsuit, filed in a Maryland federal court, cites similar arguments in a lawsuit filed earlier in a New York Federal Court this year by Citizens for Responsibility and Ethics in Washington. The Justice Department at the time asked a federal judge to dismiss the complaint their chief complaint was that the emoluments clauses do not prohibit presidents from owning businesses.
In their 70-page brief filed by the Justice Department on Friday—they argued that while Mr. Trump’s business interests did violate the Constitution, it would be up to Congress, not a federal court, to devise a remedy.
The Justice Department also contended that the plaintiffs in that case, such as the owner of the hotel and restaurant, did not report any revenue loss as a result of Mr. Trump’s businesses.
Apple Pledges $350 billion Investment in US economy Over Next Five Years
Apple is about to give the U.S. economy a huge boost in the form of a $350 billion five-year investment. As part of that, it will commit $55 billion this year alone and plans on adding 20,000 new jobs over that time frame. Following in the footsteps of Amazon, it also plans to add a new campus somewhere in the U.S. this year.
There is a lot of news here. Let’s start with the big-picture investment of $350 billion, which Apple says does not include ongoing tax payments, the tax revenues generated from employees’ wages or the sale of Apple products.
It will, however, involve taxes on repatriation of some of Apple’s cash reserves, which are currently in the $256 billion range. It anticipates $38 billion coming from repatriation taxes, but much of it will be capital expenditures on the part of the company.
For starters, there will be $30 billion, which will help fund a number of projects, including building the aforementioned new campus. The plan is for this to initially house technical support for customers. Apple says it will announce the location of this new facility later this year, with a plan to make the building run on 100 percent renewable energy sources.
But wait, it’s not done yet. It will also invest $10 billion of that money in new data centers in the U.S., adding to the seven already in operation or planned. There is a new one coming in Iowa and they broke ground on one in Reno just today, in addition to data centers already in operation in North Carolina, Oregon, Nevada and Arizona. (This number includes co-location facilities not owned and operated by Apple.)
Apple announced that it planned several investments that will contribute more than $350 billion to the United States economy over the next five years. (Photo/NationalTurk).
The company also plans to expand the advanced manufacturing fund it started last spring, from $1 billion to $5 billion. The idea is to bring advanced manufacturing jobs to the heartland and it is already funding projects in Kentucky and rural Texas.
Finally, Apple plans to expand its coding initiatives, helping students and teachers from K-12 and at community colleges across the country learn valuable coding skills.
While there is clearly a large public relations element to this announcement, the amount of money and investment involved from a private company here is just staggering and should help create new jobs, stimulate local economies and help educate students for the next generation of jobs. Hard not to like that.
Amazon Reveals ‘20 Cities’ That Could Be The Home Of Its Next Headquarters
Amazon has revealed 20 cities that could be the next home of its second North American headquarters, dubbed HQ2.
The candidates, selected out of 238 applicants, will move to the next round of Amazon’s selection process, the company said Thursday. Amazon will make a final decision on the site of its next headquarters this year.
The list of candidates includes Atlanta, Austin, Boston, Chicago, Dallas, Denver, Washington, DC, and Columbus, Ohio.
Amazon said it will work with each city to “dive deeper into their proposals, request additional information, and evaluate the feasibility of a future partnership that can accommodate the company’s hiring plans as well as benefit its employees and the local community.”
Amazon has promised a $5 billion investment and up to 50,000 high-paying jobs to the city that wins its selection process.
“Getting from 238 to 20 was very tough – all the proposals showed tremendous enthusiasm and creativity,” said Holly Sullivan, head of public policy for Amazon. “Through this process, we learned about many new communities across North America that we will consider as locations for future infrastructure investment and job creation.”
Here are all the potential candidates:
- Atlanta, GA
- Austin, TX
- Boston, MA
- Chicago, IL
- Columbus, OH
- Dallas, TX
- Denver, CO
- Indianapolis, IN
- Los Angeles, CA
- Miami, FL
- Montgomery County, MD
- Nashville, TN
- Newark, NJ
- New York City, NY
- Northern Virginia, VA
- Philadelphia, PA
- Pittsburgh, PA
- Raleigh, NC
- Toronto, ON
- Washington DC
Source: Business Insider
Former Heavyweight Champion: Mike Tyson’s 40-arce Marijuana Ranch
Former Heavyweight Champion: Mike Tyson’s 40-arce Marijuana Ranch
Former undisputed heavyweight champion of the world, Mike Tyson, and his two business partners plan to open a 40-acre marijuana ranch 60 miles southwest of Death Valley National Park. According to mirror.com Tyson Ranch will allow growers to cultivate their crop and there will also be a cultivation school to help growers get the most out of their strains.
The operating company, Tyson Holistic, will employ mainly veterans and bring much needed jobs to the city it’s in.
#MustWeed Mike Tyson Preparing to Revolutionize Marijuana Industry, Breaks G… http://Fortune420.com/News #Cannabis #Stocks & #Crypto
Tyson is a long time believer in the medicinal benefits of marijuana use and with California legalizing recreational use of the plant, his plans to open the ranch are free to move full steam ahead.v
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