U.S. midterm election updates
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Donald Trump entered July with a $ 100m war fund from his 2021 political committees, raising more than other Republicans in online donations during the first half of this year, showing the new funding proposals of the federal campaign.
Trump’s huge cash flow – unprecedented for a former president – has renewed speculation that he plans a 2024 campaign. But not all the money can be used for re-election efforts.
The sum testifies to his enduring popularity among Republicans, even after he lost the 2020 election and was stripped of his favorite communication platform when Twitter banned his account in January.
Most of the money in hand – $ 90 million – came from the Save America (Pac) political action committee. The rest has accumulated in several other fundraising vehicles, some remaining from his presidential campaign in 2020, others just launched, making it difficult to track the money Trump has raised and why he is able to use them. .
Fundraising confirms that Trump could be very influential in the upcoming midterm congressional elections in 2022. Although he has used Save America Pac to approve Republican candidates in those elections did not even donate to their campaign accounts. He also spent little time in state election magazines, despite making the false claim that the elections were “stolen” by him to ask for donations.
He has spent more than $ 13m from his Make America Great Again Pac account, most of it in legal and consulting fees related to election recognition efforts in 2020.
Trump-affiliated groups have raised a total of more than $ 56 million on the online Republican fundraising platform WinRed, skipping the Republican National Committee ($ 19m) and the Republican Senate and House party committees combined ($ 23m raised by the Republican National Senate Committee and $ 26m raised by the Republican National Committee of Congress).
The Trump Make America Great Again Committee, which at $ 35m raised more than all other committees via WinRed, is a common fundraising account that divides its earnings among other Trump committees (75 percent) and the Republican National Committee (25 percent), a direct indicator of how the party always relies on its name to exploit cash, especially from small-dollar online donors.
The two Trump-affiliated beneficiaries of the Trump Make America Great Again committee are the Save America Pac, which Trump created after the 2020 election, and Make America Great Again Pac, which was Trump’s main campaign committee during the election. Trump has another joint venture, the Save America Joint Fundraising Committee, which collects only money for the other two Trump groups.
Trump Victory, a joint venture between Trump and several Republican party committees during his campaign, receives no further contributions but has about $ 2 million in cash to share.
Trump has approved Make America Great Again Action Inc, which has raised more than $ 5 million since its launch in March. Managed by former Trump campaign director Corey Lewandowski, the group is a super Pac, meaning that, unlike Trump-affiliated Pacs, it can collect and spend unlimited amounts of money. However, it cannot coordinate directly with candidates.
Former Georgia Senator Kelly Loeffler, who was defeated by Raphael Warnock in the January special election, wrote the group a $ 250,000 check in May, about the same time as the $ 100,000 contribution. $ by Mike Lindell, executive director of MyPillow.
Of the more than $ 62 million he raised through Save America Pac, Trump spent just $ 3.2 million as of June 30, including a $ 1 million donation to the America First Policy Institute, a nonprofit organization. profit dedicated to promoting the policies of Trump who supported his legal battle against Google’s Facebook, Twitter and YouTube accounts, more than $ 68,000 in Trump hotels.
As a “leadership Pac,” Save America Pac funds cannot be used directly in their own campaign. Otherwise, there are few significant restrictions on how you can spend your money. Campaign finance reform groups like Issue One have warned that Save America, like many congressional leadership Pacs, could be “a manual example of a political slush fund.”
But even outside of Save America, Trump is sitting on tens of millions of dollars in numbers on his various committees. It won’t be until January 2022, the next federal election commission submission date for these committees, that a clearer picture emerges of what Trump plans to do with it.