Skip to main content

75% of every donation to Trump's 'election defense fund' could be spent by the president himself on things like paying family members or financing a 2024 bid


Despite losing the general election, President Donald Trump's campaign is seeking donations from voters.

The Make America Great Again Committee donation page says that 75% of every contribution is routed to Trump's newly established leadership PAC, Save America.

These funds could be used to finance the president's life after he leaves office or even go toward a 2024 presidential bid.

"This money could easily — and legally — end up in his own pocket in the coming years," the vice president of policy and litigation at Common Cause told CNN.

Visit Business Insider's homepage for more stories.

President Donald Trump lost the 2020 presidential election but continues to bombard voters with repeated texts and emails seeking donations for his efforts to overturn the results.

"Please contribute $5 RIGHT NOW to the Election Defense Fund to stop the Radical Left from STEALING this Election," one campaign email said on Tuesday.

However, it remains unknown exactly what that money is being used for.

In the days following the election, the fine print on Trump's Make America Great Again Committee donation page said 60% of every contribution would be routed to pay off campaign debt. Trump then directed that share of funds to his new leadership political action committee, Save America, which he launched on November 9, three days after Decision Desk HQ and Insider called the race for President-elect Joe Biden.

The details have been updated again. Now the first 75% of each donation goes to Save America, but the amount is capped at $5,000. Once that dollar amount has been met, a portion of the contribution goes to the Trump campaign's recount account. And 25% of the money is sent to a Republican National Committee account.

A leadership PAC is typically created by current and former politicians to donate money to each other and build relationships. The contributions can be used to fund candidates' travel and events, for example. Trump's PAC has raised questions about whether he will try to maintain political influence after he exits the White House.

Trump's campaign spokesperson Tim Murtaugh said in a statement after the president established Save America that he "always planned to do this, win or lose, so he can support candidates and issues he cares about, such as combating voter fraud."

However, there aren't many restrictions on how the donations can be spent, meaning Trump could use the funds entirely for himself. Multiple reports suggested he could spend the money to help finance a 2024 presidential bid or support his post-presidency life, as well as his family members.

"This money could easily — and legally — end up in his own pocket in the coming years," Paul Ryan, the vice president of policy and litigation at Common Cause, said in a CNN report on Monday. Save America will have to release its fundraising numbers and expenses in its first public report on December 3, according to CNN.

Trump has still not conceded the election, but his administration on Monday evening officially began the transition process for Biden's White House. Trump's plans after January 20 remain unclear.

Comments

Popular posts from this blog

Biden says K-12 education isn't working — calls for free pre-K to "grade 14"

President Joe Biden on Wednesday praised the nation's K-12 education system for fueling America's economic growth for almost a century. But, he stressed, that system may no longer be sufficient as the foundation for future prosperity. Mr. Biden's American Families Plan is taking aim at an issue that has bedeviled economists as well as millions of families struggling to stay afloat financially: A high school diploma is no longer enough to secure a middle-class life. Under the White House proposal, the nation's K-12 system would be expanded on both ends — from free pre-kindergarten education through a "grade 14," funding two years of schooling before kindergarten and two years of post-high school education through free community college. There's plenty of economic research that links rising high school graduation rates throughout the 20th century to faster U.S. economic growth. For example, broadening education help women enter the workforce and enabled men ...

In Trump Farm Bailout, Top 1% Reaped Nearly One-Fourth of Aid

LISTEN TO ARTICLE 4:43 SHARE THIS ARTICLE Share Tweet Post Email Photographer: Daniel Acker/Bloomberg Photographer: Daniel Acker/Bloomberg The Trump administration’s farm bailouts steered an expanding share of subsidy payments to the nation’s biggest farms, according to an analysis by an environmental advocacy group that highlights issues of equity as the Biden administration designs potential new climate-related financial incentives for farmers. Just 1% of farm aid recipients collected 23% of subsidy payments in 2019, up from 17% in 2016, as former President Donald Trump’s trade bailout swelled payments to farmers. Their portion crept up to 24% in the first half of 2020, the most recent period covered in the data, as farm aid hit a record level with coronavirus relief payments, according to the Environmental Working Group analysis. That is the largest share of federal farm subsidies going to the top 1% -- the 7,873 subsidy recipients who got the highest payments -- since 2007, accordi...

Hundreds of Trump supporters stuck in the cold for hours when buses can’t reach Omaha rally

The buses, the huge crowd soon learned, couldn’t navigate the jammed airport roads. For hours, attendees — including many elderly Trump supporters — stood in the cold, as police scrambled to help those most at-risk get to warmth. At least seven people were taken to hospitals, according to Omaha Scanner, which monitors official radio traffic. Police and fire authorities didn’t immediately return messages from The Washington Post early Wednesday and declined to provide reporters on the scene with precise numbers of how many needed treatment. The Trump campaign said it had provided enough buses but that traffic on the two-lane road outside the airport was throttled to one direction after the rally, tweeted Aaron Sanderford, a political reporter at the Omaha World-Herald. The campaign didn’t immediately respond to a message from The Post early on Wednesday. AD AD The confusion and the freezing weather added to the health risks that accompany every Trump rally during the novel coronavirus p...