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Column: An Independent Audit of Trump's Companies Is Now Necessary
US News and World Report has published Simon's ninth column, "An Independent Audit of Trump's Companies Is Now Necessary," in his weekly Op-Ed series that will every Thursday or Friday.
Be sure to also read his recent column, "The Pernicious Politics of Oil - On Trump's embrace of petro-politics," in which Simon does a deep dive on why Trump 's embrace of plutocratic petro-politics should be worrisome to liberals everywhere.
An Excerpt from "An Independent Audit of Trump's Companies Is Now Necessary"
This week, President-elect Donald Trump thumbed his nose at the government agency that oversees ethics in the Executive Branch by announcing he intends to keep all of his far flung holdings as president. Whether this unprecedented and arrogant act is illegal and unconstitutional and not just unethical will be at the center of what is sure to be a vigorous debate in the coming months.
But the worry about his arrangement is far greater than the issue of propriety and legality. Let me offer a few examples:
It establishes new far weaker norms. Perhaps inspired by Trump's example, we've already seen House Republicans vote to gut their own ethics regime; the Senate GOP is holding hearings on Cabinet nominees without either their FBI background check or ethics clearance completed; challenging anti-nepotism laws, Trump is bringing his son in law, who is also not divesting from all his holdings, into the White House; and Secretary of State nominee Rex Tillerson refuse to recuse himself from overseeing decisions affecting his lifelong employer, Exxon Mobil. In these early days, the new GOP has made it clear it intends to weaken or ignore good government policies put into place decades ago – the very opposite of draining the swamp.
It encourages public corruption. Remarkably, Trump not only refused to adopt the many suggestions outside counsel had for how to ethically manage his holdings, he actually walked back a commitment for the Trump Organization to do no new deals while he is president. In his Wednesday press conference, Trump said the business will in fact be able to do "domestic" deals. This is a clear signal from our next president that investors/courtiers, and one would assume U.S. subsidiaries of foreign companies, should begin lining up at Trump Tower to begin talks on domestic U.S. projects. The benefit of these deals would go directly to the benefit of the Trump family, and since he has not divested, Trump himself. As all of his business dealings are essentially secret, the public would have no way of knowing who was entering into business with the family of the sitting president. The opportunity for public corruption here is perhaps unprecedented in all of American history.