President Donald Trump made a massive 2020 announcement this week that not many saw coming.
While speaking to reporters on Monday from the White House, the president said he will release a detailed financial report of his personal holdings to the public before the 2020 presidential election.
“At some point prior to the election, I’m going to be giving out a financial report of me, and it’ll be extremely complete,” Trump said.
“I’m going to give out my financial condition and you’ll be extremely shocked that the numbers are many, many times what you think,” Trump said. “I don’t need to have somebody take a room overnight at a hotel.”
Each year, Trump is required to file a report with the Office of Government Ethics that details his personal finances and business dealings.
Trump’s disclosure filed this year revealed he had roughly $453 million in revenue in 2018 and had around $300 million in loans from various banks.
This is not unusual given he was a businessman before he ran for office in 2016.
But more importantly, this will steal potential ammo from his Democratic rivals given many continue to claim the president has something to “hide” in his personal finances.
Democrats have been desperately trying to find new dirty tricks to remove Trump from office before the 2020 election.
After their Russia collusion hoax failed in spectacular fashion, House Speaker Nancy Pelosi and Democrats admitted last month that they won’t get Trump’s tax returns before the 2020 presidential election.
Washington D.C. District Court Judge Timothy McFadden handed Pelosi and the Democrats some bad news.
McFadden rejected the Democrats’ motion to speed up the court proceedings.
Last month, Democrats tried going through the state of New York to obtain Trump’s state tax returns.
But that effort failed after the president filed a lawsuit against New York’s Attorney General and the House Ways and Means Committee to block the disclosure of his tax returns.
Trump’s lawyers argued that the Democrat-controlled House panel “lacks a legitimate legislative purpose” to use a recently passed New York state law to get Trump’s returns.
They also claim that state law violated the president’s First Amendment rights, because it was enacted to “discriminate and retaliate against President Trump for his speech and politics.”
There is currently no law requiring U.S. presidents or presidential candidates to release their tax returns, but Democrats apparently don’t care about the rule of law.
Democrats flopped on their Russia collusion theories and now they are conceding that they won’t get Trump’s tax returns until after the 2020 election.
House Democrats could be waiting a very long time, even forever, for Trump’s tax returns.
Democrats are obviously terrified of taking on Trump in the 2020 election — which is why they keep plotting behind the scenes to remove POTUS before the election.
But Trump releasing a detailed financial statement before the election will steal political ammo from Democrats who are looking for anything to use against POTUS.