Interest charge

How much did Donald Trump’s company charge Secret Service agents to protect him and his family?

Another “shocking” revelation about the former president has come to light. The House Oversight Committee released documents on Monday that say show the Trump Organization charged the Secret Service ‘exorbitant rates’ for security details to stay at Trump hotels while protecting him and his family members.

Documents obtained by the panel show the Secret Service paid in some cases, almost double the average hotel rate and five times the government-approved nightly rate. Over the four years of expenditure examined, covering until September 2021, the Secret Service was billed an amount which “appears to exceed $1.4 million of taxpayers’ money.”

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Trump Organization Charged Secret Service ‘Excessive Overnight Rates’

Recently released spending reports show that the Trump Organization in at least 40 cases charged the Secret Service amounts far higher than authorized. In a statement by New York Democratic Rep. Carolyn Maloney, chair of the committee, the Secret Service was charged up to $1,185 a night, five times the government-approved rate.

In one particular case in March 2017, Eric Trump stayed at the former Trump International Hotel in DC, now the Waldorf Astoria Washington DC, with a security detail. The Trump Organization charged the Secret Service an overnight rate of $1,160. It was almost double the average rate the hotel charged in 2017 and well over the $242 allowed by the government.

This contradicts what the former president has claimed in the past. His son Eric even said that any services to the Secret Service or other government agencies at Trump properties “were provided at cost, heavily discounted, or free.”

Trump Hotel in DC raised rates in 2017 for all guests above industry average

Otherwise, the hotel began charging rates almost 25% more than the competition after Trump took over as president. According to information from the Wall Street Journal and the Washington Post, guests paid an average of $652.98 per night in 2017, based on documents released by the General Services Administration.

Other luxury hotels such as the Four Seasons, Hay-Adams and Willard charged an average of $495 a night at that time. The Trump International Hotel in DC also made a windfall profit in the first four months of this year.

Instead of booking a forecast loss of $2.1 million, the former president’s hotel made a profit of $2 million. This happened despite an occupancy rate one-third lower than the rest of the industry.

Concerns over former president’s conflicts of interest and efforts to cash in on presidency

“The exorbitant rates charged to the Secret Service and the agents’ frequent stays at Trump-owned properties raise significant concerns about the former president’s personal dealings and may have resulted in a taxpayer-funded windfall for former President Trump’s struggling businesses,” Rep. Maloney wrote.

The President said that the members still haven’t received full information on rates per night or total amount spent by the agency despite searching for records over the past two years from the Secret Service. She called on Secret Service Director Kimberly Cheatle to comply by October 31, 2022 with the commission’s request for information.

“Given the longstanding concerns surrounding the former president’s conflicts of interest and his efforts to cash in on the presidency, the committee has every interest in obtaining a full account of federal government spending on Trump properties. The Committee continues to review potential legislation to prevent the President’s personal dealings and profits, as well as to reduce conflicts of interest by ensuring future presidents cannot exert undue influence over Secret Service spending,” she wrote.