Throughout the general election, President-elect Donald Trump promised that, if elected, he would turn over control of his businesses to his children so he could govern without any major conflicts of interest.
Since winning the election on Nov. 8, Trump has not commented very much on how he will extract himself from his businesses — until now. In a Facebook post (as well as a series of tweets), Trump explained that an announcement would be forthcoming.
Trump stated that he would be holding a “major news conference” on Dec. 15 to address his businesses. The Facebook post stated that he would be leaving his businesses “in total,” but few other details were provided.
“While I am not mandated to do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses. Hence, legal documents are being crafted which take me completely out of business operations. The Presidency is a far more important task!” he wrote.
If Trump’s plan is to turn over control of his company to his kids (which has not been confirmed at this point), that would not completely eliminate any potential conflicts of interest because his children have been heavily involved in his transition team.
In a possible sign that Trump might not be turning over his business to only his children, Politico noted that Trump’s incoming chief of staff Reince Preibus wouldn’t actually confirm that Trump was still planning to give control of his company to his children.
“I’m not ready to reveal any of that,” Preibus explained when asked about the plan. “You should know that he’s got the best people in America working on it. And I think what you see in those tweets is a person at the top that understands and is willing and showing the American people that he’s working hard on it and he’s taking it seriously.”
For Trump, cutting himself off from his businesses is going to be a monumental task because, as CNN reported, Trump has positions in more than 500 companies — something that no president before him has ever had.
Trump has shown, so far, that he is taking his new job seriously, so there is no reason to expect that he won’t take the necessary steps to ensure that as president he doesn’t have any conflicts of interest.
There are sure to be more details about this plan in the next few days, and we will bring you those as they come out.
Like us on Facebook – USA Liberty News
What do you think the legal documents will look like? Scroll down to comment below!