Trump library plans on collision course with Democratic Congress
Summary
President Donald Trump is expected to focus on developing his presidential library, which his foundation plans to finance with donations from companies, allies and other supporters. Democrats, set to take control of Congress in January, have pledged to investigate the project’s finances as questions grow over its fundraising and whether the planned Miami tower will be a library, hotel or both.Key Facts
- Trump shared plans in March for a 47-story tower on donated land in downtown Miami.
- Trump has said the building would most likely be a hotel, while his foundation previously described a traditional library to the IRS.
- The Donald J. Trump Presidential Library Foundation is a Florida nonprofit run by Trump’s son Eric and son-in-law Michael Boulos.
- The foundation projected in an October 2025 IRS application that it would raise $950 million by the end of 2027, including $600 million in 2027.
- Media and technology companies that settled lawsuits with Trump have contributed tens of millions of dollars to the project, according to the article.
- Trump has said a Boeing 747 given to the U.S. by Qatar would go to the library, but Eric Trump and the White House said the plan was not final.
- Democrats have pledged congressional investigations into the library’s finances after taking control of Congress in January.
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