Politics

Trump donates second quarter salary to Small Business Administration, White House says

Key Points
  • President Donald Trump donated his quarterly salary to the Small Business Administration.
  • The president earns a total annual salary of $400,000. 
  • The donation to the SBA will be used for a 7-month intensive program for veterans called Emerging Leaders.
President Donald Trump boards Air Force One before departing from Andrews Air Force Base in Maryland on October 2, 2018.
Mandel Ngan | AFP | Getty Images

The Small Business Administration received a donation from President Donald Trump, which totaled out to the amount of his 2018 second quarter salary, the White House announced on Wednesday.

During a White House press briefing on Wednesday, administrator Linda McMahon thanked the president for his support and accepted the contribution.

"He clearly understands the value of small businesses," McMahon said of the 30 million small businesses in the U.S.

She said the money will be used in SBA's veterans program called Emerging Leaders. This program will be a seven month intensive training that helps veterans transition from military life into the private sector.

The president earns a total annual salary of $400,000.

Since taking office, Trump has donated his quarterly salaries to various government departments such as Veterans Affairs, Transportation, Health and Human Services, National Park Service and the Education department.

But, that will all change according to the 2019 budget proposal the Trump administration released in February.

According to this Washington Post report, the proposed changes to funding in Trump's budget will make cuts to executive departments and agencies, including SBA's funding by 25%, in order to pay for additional defense spending, the border wall and an infrastructure plan.

WATCH: Trump's White House has been a money-making machine

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The White House has been a money-making machine
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Key Points
  • White House press briefings have grown scarce during Trump's second year in office.
  • Press secretary Sarah Huckabee Sanders held only one briefing in September, and the number of briefings has been steadily declining all year.
  • The void once occupied by Sanders and Trump's press team is, in fact, being filled — by Trump himself.