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

Wray: FBI deemed Jan. 6 attack domestic terrorism

FBI Director Christopher Wray said Tuesday that officials have classified the deadly Jan. 6 attack on the U.S. Capitol by former President Trump Donald TrumpProsecutors focus Trump Organization probe on company's financial officer: report WHO official says it's 'premature' to think pandemic will be over by end of year Romney released from hospital after fall over the weekend MORE's supporters as domestic terrorism. "That attack, that siege, was criminal behavior, plain and simple, and it’s behavior that we, the FBI, view as domestic terrorism," Wray told lawmakers on the Senate Judiciary Committee. Wray said the FBI has received more than 270,000 tips from Americans that have helped the bureau identify the numerous people who allegedly participated in the attack. ADVERTISEMENT "Citizens from around the country have sent us more than 270,000 digital media tips. Some have even taken the painful step of turning in their friends or their family members,” ...

Matt Gaetz's ex-girlfriend to cooperate with federal authorities in sex trafficking investigation

Washington (CNN) Federal authorities investigating alleged sex trafficking by GOP Rep. Matt Gaetz have secured the cooperation of the congressman's ex-girlfriend, according to people familiar with the matter. The woman, a former Capitol Hill staffer, is seen as a critical witness, as she has been linked to Gaetz as far back as the summer of 2017, a period of time that has emerged as a key window of scrutiny for investigators. She can also help investigators understand the relevance of hundreds of transactions they have obtained records of, including those involving alleged payments for sex, the sources said. News of the woman's willingness to talk, which has not been previously reported, comes just days after the Justice Department formally entered into a plea agreement with Joel Greenberg, a one-time close friend of Gaetz whose entanglement with young women first drew the congressman onto investigators' radar. CNN reported last week that investigators were pressing for the...

Biden Wants to Hire 87,000 Additional IRS Agents to Go After Wealthy Tax Dodgers

The Biden administration is proposing hiring 87,000 new workers for the Internal Revenue Service (IRS), effectively doubling the agency’s size, as part of a plan to beef up enforcement efforts and find billions of dollars in tax revenues that go uncollected each year. Enforcement efforts would primarily target individuals and corporations with higher incomes and profits, the administration has suggested. The hiring, which would be part of President Joe Biden’s overall $80 billion spending plan to increase enforcement efforts at the IRS, would not happen all at once. Instead, it would be carried out in phases, with a 15 percent growth in employment at the agency per year until that 87,000 hiring benchmark is reached. The move would help recoup (and go beyond) some of the employment losses the agency has seen over the past decade, as the IRS has lost more than 33,000 workers over the past decade. The drop in employment at the agency has resulted in fewer audits, particularly for filers w...