President Trump has assembled the richest administration in history. With the nomination of Vincent J. Viola as secretary of the Army, Trump’s cabinet now has a combined net worth of about $13 billion and includes four billionaires. Federal ethics regulations require many of these cabinet appointees to sell off some of their investments to avoid conflicts of interest. However, cabinet members who do sell investments are allowed to keep all of the profits without paying a capital gains tax. Listen to learn more about Trump’s cabinet and then debate the benefits and drawbacks of having a very wealthy people in key government positions.
Story Length: 3:37
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AIR DATE: 12/20/2016