On Monday, July 20th, 2026, Senate Democratic Leader Chuck Schumer (N.Y.) and fellow Senate Democrats released a report accusing President Trump and his family of systematically converting the power of the presidency into significant personal profits. The report, part of a newly formed anti-corruption initiative, claims that while ordinary American families struggle with rising living costs, the Trump family has seen a staggering increase in net worth since the start of the president’s second term.

Senators Sheldon Whitehouse (D-R.I.), Jeff Merkley (D-Ore.), and Catherine Cortez Masto (D-Nev.) joined Schumer in unveiling the report, which highlights what they describe as Trump’s "rampant self-dealing."

Citing the president’s recent financial disclosure, the Democratic paper titled "The Cost of Corruption" states that Trump has earned $2 billion since returning to the White House in 2025.

Schumer stated, "Trump is without question the most corrupt president in American history," and accused him of betraying the American people by using the highest office to enrich himself at the expense of working families. He announced the formation of an "anti-corruption working group" aimed at exposing Trump’s alleged self-dealing and pushing for reforms to prevent future presidents from profiting personally from public office.

Whitehouse remarked, "The scale of President Trump’s corruption is mind-boggling, and it is directly responsible for the higher costs swamping American families." Merkley added, "The Trump swamp of corruption is a mile deep and MEGA-wide. Trump and his family use his office and official connections to rake in billions for themselves at every turn."

The Senate Democrats intend to link the Trump family’s financial gains to the economic struggles faced by many Americans, emphasizing the broader impact of what they term "corruption costs."

Sources