Trump is cashing in on the presidency like no president ever has
Summary
President Donald Trump has taken actions that allow him and his family to avoid tax audits, profit from government decisions, and manage large personal crypto and stock portfolios while in office. These steps are unprecedented and break traditional norms followed by past presidents to avoid conflicts between their businesses and public duties.Key Facts
- President Trump and his family are protected from federal audits and criminal investigations of their past tax returns until May 2026.
- Trump’s crypto business earned more money in 16 months than his entire real estate business did from 2010 to 2017.
- Past presidents, including Carter, Reagan, Bush, Clinton, and Obama, avoided direct business conflicts by using blind trusts or holding only diversified assets.
- Trump allowed his family to do business while he is president, a change from his first term when they did not.
- The Justice Department added language barring future tax investigations of Trump’s past returns as part of a lawsuit settlement.
- Trump’s businesses have continued domestic and international operations that may benefit from government policies under his administration.
- Many lawmakers also trade stocks while in office, raising ethical concerns about conflicts of interest.
- This situation sets a new precedent for how presidents and their families can handle personal wealth during their time in office.
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