Donald Trump stated on February 1, 2016 in a campaign rally
in Iowa: "I'm self-funding my own campaign." President Donald Trump
wouldn’t be beholden to special interests, he says. Why? Because billionaires aren’t paying for
his campaign. "You know a lot of
times you see these really dumb deals," he said of current political
leaders at an Iowa rally Feb. 1. "And you'll say that's dumb. It doesn't
make sense. But then when you think, it does make sense because these politicians
are representing interests, whether it's a country or a company, where doing
the stupid deals actually makes sense only for that politician and for that
company or country." In contrast,
Trump said, "I'm self-funding my own campaign. It's my money." Trump talks about self-funding his own
campaign almost every day, it seems.
Trump’s campaign brought in about $19.4 million by the end of 2015.
Trump contributed nearly $13 million of that himself. Most of the remainder
comes from individual contributions, which federal law caps at $2,700 per
candidate per election. Trump is
contributing much, much more of his personal wealth than any other presidential
contender. The only other candidates contributing to their own campaigns are:
retired neurosurgeon Ben Carson, who has so far reported contributing $25,000;
former Secretary of State Hillary Clinton at $368,147; and former Florida Gov.
Jeb Bush at $388,720. Although a
significant portion of his campaign funds, about 34 percent, come from
individual contributions, Trump doesn’t appear to be actively soliciting these
donations with high-profile fundraising events. The Sunlight Foundation, which
advocates for transparency in money in politics, tracks political fundraisers
with its Political Party Time tool. It has no record of any events to benefit
Trump. Trump also has minimal political
action committee support compared with his opponents. PACs have raised just
$1.8 million on Trump’s behalf, which is the lowest among all candidates still
in the race, with the exception of Vermont Sen. Bernie Sanders, and Republican
former Virginia Gov. Jim Gilmore, whose PAC fundraising for both candidates
remains at $0. Trump seems to be
friendly with at least one PAC created in his honor. He attended a New York
fundraiser hosted by the Make America Great Again PAC in July and said he’s
grateful for their support, reported Politico. The group also received a
$100,000 donation from the in-laws of Trump’s daughter Ivanka. The PAC shut down in October following
allegations that it coordinated with Trump’s campaign. Of course, that was then. Now is a different story, however. Donald
Trump has not given a dime to his current reelection campaign, opting instead
to fund the entire effort with his donors’ money. His business, meanwhile, has
continued to charge the campaign for things like food, lodging and rent. The
result is that $2.2 million of contributions from other people has turned into
$2.2 million of revenue for Trump. And that’s just counting the money flowing
directly through the president’s campaign. His reelection apparatus also
includes two joint fundraising committees, which work with the Republican Party
to raise money for Trump. Since he took office, those entities—named Trump
Victory and the Trump Make America Great Again Committee—have funneled another
$2.3 million into the president’s private business, according to a review of
Federal Election Commission records. Then there’s the Republican National
Committee, which has spent an additional $2.4 million at Trump properties. Add
it all up, and the president, working in concert with the party he leads, has
helped push $6.9 million into his businesses since taking office. Then here is now!!! President Trump was proudly litigious before
his victory in 2016 and has remained so in the White House. But one big factor
has changed: He has drawn on campaign donations as a piggy bank for his legal
expenses to a degree far greater than any of his predecessors. In New York, Mr. Trump dispatched a team of
lawyers to seek damages of more than $1 million from a former campaign worker
after she claimed she had been the target of sexual discrimination and
harassment by another aide. The lawyers have been paid $1.5 million by the
Trump campaign for work on the case and others related to the president. In Washington, Mr. Trump and his campaign
affiliates hired lawyers to assist members of his staff and family — including
a onetime bodyguard, his oldest son and his son-in-law — as they were pulled
into investigations related to Russia and Ukraine. The Republican National
Committee has paid at least $2.5 million in legal bills to the firms that did
this and other legal work. In
California, Mr. Trump sued to block a law that would have forced him to release
his taxes if he wanted to run for re-election. The Trump campaign and the
Republican National Committee have paid the law firm handling this case, among
others, $1.8 million. Mr. Trump’s
tendency to turn to the courts — and the legal issues that have stemmed from
norm-breaking characteristics of his presidency — helps explain how he and his
affiliated political entities have spent at least $58.4 million in donations on
legal and compliance work since 2015, according to a tally by The New York
Times and the nonpartisan Campaign Finance Institute. The spending on behalf of Mr. Trump covers
not only legal work that would be relatively routine for any president or
candidate and some of the costs related to the Russia inquiry and his
impeachment, but also cases in which he has a personal stake, including
attempts to enforce nondisclosure agreements and protect his business
interests. Many of the bills being paid
by donors to Mr. Trump and his party have come from the Republican National
Committee’s “recount account.” It is a special fund created after 2014 when
Congress — at the request of campaign finance lawyers and leaders of both
parties — allowed much larger contributions by individuals to the political
parties, totaling $106,500 per person, compared with the normal $2,800 limit. It is impossible to know based on Federal
Election Commission filings how much of the $58.4 million in total legal bills
went to routine legal work. Payments from the political committees to lawyers
and law firms are not itemized by case, so the filings do not break down how
much donor money went to pay for specific legal actions. A spokesman for the
Trump family would not say how much Mr. Trump had paid out of his own pocket or
his company’s in legal fights, including Mr. Trump’s attempt to block access to
his personal financial records. It is
also hard to differentiate between legal clashes the president has initiated
and those in which he is the target of opponents. And a growing portion of the
overall legal spending has come recently as his campaign has stepped up its
efforts to battle Democratic actions to make voting easier. But an examination of spending by his various
campaign arms documents how the intermingling of his presidency, business
interests, campaigns, defense against the Russia investigation, impeachment and
eagerness to penalize rivals have led to millions of dollars in donor money
going to help bankroll litigation. Drawing
on donations to pay many legal expenses is permitted by campaign finance law.
But as he has done with other aspects of the presidency, Mr. Trump has
redefined the practice in ways that have unsettled even some Republicans, who
point in particular to examples like his efforts to enforce nondisclosure
agreements with former staff members.
All in all, there is only one conclusion one can draw from all of
this...Donald Trump is the most corrupt President in the Nation’s history and a
vote to re-elect him to the office of President is a vote for lies,
incompetence, and massive corruption.
No comments:
Post a Comment