Most people associate Donald Trump, the President-elect, with glitzy hotels, luxury golf courses, and casinos in major cities in the U.S and in several countries around the globe. After all, many of his businesses feature his surname in bold letters. Actually, Trump's business and interests go far deeper than that. People would know much more if Trump released his tax returns, a thing he promised to do so in the near future.
According to a report by NPR, a disclosure from submitted to the Office of Government Ethics showed that, aside from golf courses and office-tower rents, Trump has far-flung interests in media, retail, entertainment, and much more. These business operations are a potential source of conflicts of interests, which, if proven, is a blatant violation of the U.S Constitution.
One clear source of controversy is Trump's business interests in other countries. Trump has business dealings in the Philippines, India, Indonesia, and other third-world countries. There is no guarantee that U.S corporations in those places, for example, Marriot International Luxury Hotels, will have fair treatment during Trump's presidency.
Another source of conflicts is Trump's golf courses, which are often at odds with environmental agencies due to water usage and storm water drainage. Trump did complain about wind farms and filed cases against residents near his golf courses.
Trump has plenty of commercial real estate deals. Once he became president, he can name the head of the Internal Revenue Services (IRS) or veto tax-related legislations to give his properties favorable tax deals. Basically, Trump can work his way to lower taxes on real estate to increase the value of his holdings.
Trump also has dealings in hotels, food, and retail; industries that often employ large numbers of low-wage workers. Simply, would-be President Trump can veto laws increasing minimum wages to lower labor costs. Trump can also meddle with bureaus in Federal Trade Commission to lower consumer protections, import taxes, and imports.
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