Trump’s corporate picks raise conflict of interest fears

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Financial Times 19h ago

Trump’s corporate picks raise conflict of interest fears - Financial Times

Quick Summary:

If nominees are forced to sell financial assets, the government gives them a “certificate of divestiture” that allows them to defer capital gains taxes indefinitely.

Daniel Weiner, director of the Brennan Center for Justice’s elections and government programme, said: “The concern is not necessarily with people’s backgrounds, I think it’s more with is this administration going to take conflicts of interest and avoiding conflicts of interest seriously.

Kathleen Clark, a law professor at Washington University in Missouri, said: “This Musk venture is simply an attempt to do an end run around government ethics laws while also being able to exert a huge amount of governmental power.