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Over the past year, Trump has been fundraising with numerous allies through various vehicles, including his Save America PAC and his presidential campaign committee-turned PAC, Make America Great Again PAC.
Save America, in particular, was set up as a leadership PAC, which is designed to allow former and current lawmakers or prominent political figures to raise money and boost their allies, often with the purpose of advancing their political influence.
Last year, Save America raised $700,000 in a joint fundraising operation with Sen. Lindsey Graham, R-S.C. More recently, the PAC raised roughly $202,000 with Trump-endorsed Florida House hopeful Anna Paulina Luna, new disclosure filings show.
Save America had also raised massive sums with the Republican National Committee in the weeks following the 2020 election, but the two have since stopped officially fundraising together. The RNC and other GOP party committees, however, continue to frequently appeal to donors by using Trump’s name in fundraising emails and messages.
Trump Raises $495 Million Since Mid
President Trump has raised $495 million since mid-October, with $207.5 million of it pouring in after Election Day an extraordinary haul resulting from Trumps post-election fundraising effort using a blizzard of misleading appeals about the integrity of the vote.
The sum raised since Oct. 15 far exceeds fundraising records set by the Trump operation in roughly comparable time periods at the height of the 2020 presidential campaign and is an unusually large amount to raise after the election.
That means between Oct. 15 and Nov. 23, Trump raised an average of nearly $13 million per day a massive amount fueled by a deluge of email and text fundraising appeals sent out by the Trump Make America Great Again Committee, a joint fundraising committee that raises money for the presidents campaign, the Republican Party and Trumps new leadership PAC, Save America.
The figures were announced by the campaign Thursday and are to be made public in federal filings this month and in January. The Biden campaign had not released figures as of Thursday evening.
Much of the money raised since the election probably will go into Save America, a political action committee that the president can use for various activities after he leaves office. Some of the contributions will go toward what is left of the presidents legal fights over the certification of election results, which have failed to gain traction in the courts.
Josh Dawsey contributed to this report.
Trump’s Fundraising Extends Massive $122 Million War Chest
He raised $51M in the second half of 2021, down from $82M in the first half.
Former President Donald Trump announced Monday night that his political committees raised more than $51 million over the second half of last year, to buttress what is now a massive $122 million war chest.
Trump’s latest fundraising haul is a drop from the first half of last year, when his various committees together raised a total of $82 million from January through June of 2021.
It is possible that the $82 million sum Trump’s team announced for the first half of last year included transferred money raised in the final weeks of 2020, though the exact amount transferred from the previous year is unclear.
Trump’s war chest puts him in a uniquely strong position heading into the 2022 midterms and ahead of a potential 2024 presidential run.
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The Big Ripoff: Jan 6 Committee Lays Out How False Election Claims Fueled Trump Fundraising
Washington The House select committee probing the charted a path Monday showing how the Trump campaign and allies used baseless claims of election fraud to raise millions of dollars from the former president’s supporters money that was then funneled into the pockets of entities with close ties to Trump.
The fundraising roadmap was laid out by Rep. Zoe Lofgren, a Democrat from California who played a leading role in the committee’s second day of hearings, which focused on how Trump embraced unfounded claims the election was stolen even as close administration and campaign advisers knew that wasn’t the case.
The Trump campaign, she said, “used these false claims of election fraud to raise hundreds of millions of dollars from supporters who were told their donations were for the legal fight in the courts. But the Trump campaign didn’t use the money for that. The ‘Big Lie’ was also a big ripoff.”
According to the committee’s findings, detailed in a video played near the end of the hearing, the former president’s campaign pushed the narrative of a rigged election even as legal challenges raising the same claims had failed before dozens of judges, including some appointed by Trump himself.
Video from the rally shows Guilfoyle spoke for less than three minutes before handing the microphone over to Trump Jr., the former president’s eldest son.
A Year After Insurrection Trump And Republicans Are Raking In Money Like It Never Happened
Donors were trying to distance themselves from the GOP around this time last year, and for good reason: Donald Trump had fomented a violent insurrection at the U.S. Capitol, and his allies in the House and Senate still voted to overturn the 2020 election results. Revelations about Trumps efforts to subvert democracy and the complicity of Republican lawmakers have only multiplied in the 12 months since, thanks to the work of the congressional committee investigating January 6 and to Trumps own cavalier admissions. But if the GOP had ever truly become a pariah to the donor class, that no longer appears to be the case: Both Trump and his party are raising money hand over fist, with Republicans outpacing Democrats in fundraising ahead of this falls crucial midterms where Republicans could not only regain control of Congress, but set the stage for the former president to launch another White House bid.
House Democrats record-breaking fundraising shows were ready to compete across the battleground, Democratic Congressional Campaign Committee Spokesperson Chris Taylor added in a statement, and make sure voters know just how dangerous Republicans extremist agenda is.
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Money Tracker: How Much Trump And Biden Have Raised In The 2020 Election
Which presidential candidate has the fundraising advantage?
Here’s how much money the campaigns of President Trump and former Vice President Joe Biden raised, according to their Federal Election Commission filings.
This is the final update, reflecting contributions through November 23.
Of course, the universe of campaign finance is far bigger than what one candidate raises alone. Each party has its own committee to help elect a president, which can work in concert with the official campaign and further contributes to the war chest.
And campaigns often announce those joint fundraising totals before filing their FEC paperwork, so what this tracker has and what the campaign says can differ.
Also, groups like super PACs, which can raise and spend unlimited amounts, can help or hurt the fortunes of a presidential nominee. On both Biden’s and Trump’s sides, these independent groups have raised tens of millions of dollars on their own.
This story was originally published on May 20, 2020.
This Is How Much Money Donald Trump Has Raised Since He Left The White House
No matter where you might sit on the political spectrum, there is one thing that you’ll have to give former president Donald Trump credit for and that’s having built an efficient fundraising machine. Fundraising efforts have allowed Trump’s political action committees Save America, and Make America Great Again, as well as a third fundraising arm, to gather up a political war chest with a head-turning total of $102 million. Much of that cash was raised from supporters who believe the big lie, and that election fraud cost the Trump the 2020 election .
While Trump staffers told The Washington Post that their boss had raised $82 million of that total during the first six months of 2021, the bulk of that amount was actually the result of transfers from other accounts which had been raising funds last year. Still, it must be recognized that Trump’s record campaign haul is, in Politico’s words, “unprecedented,” because in no time throughout the history of the United States did a former president manage to raise more than a hundred million to fund his own political machine. Trump raised more money than the GOP’s House and Senate fundraising groups combined, and only sightly less than the Republican National Committee did.
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Trump Raised $200m From False Election Claims What Happens To The Money Now
The president could use the funds to ensure he and his allies remain a powerful force in US politics
The battle is lost. The supreme court and electoral college have spoken. Even the Senate majority leader, Mitch McConnell, so adept at remaking the rules for political advantage, has acknowledged that Donald Trump will not be the next president.
But the money flowing into Trumps political coffers suggests that defeat will not drive the soon-to-be-former president into the political shadows.
Trump has been on a fundraising drive since the election, rapidly bringing in an astonishing $200m or more on the back of his false claims that the vote was rigged.
His campaign bombarded supporters with emails and text messages as many as 30 a day pleading for donations to a fighting fund to challenge the result. But with the election settled, that is not where the money is going.
Most of the cash is directed to Save America, an organisation formed as a leadership political action committee shortly after the election. Leadership Pacs were designed to allow individuals to raise money in support of a favoured candidate and Trump cannot legally use the proceeds to directly fund a run for office himself, such as another bid for the presidency in four years.
But Brendan Fischer, a campaign finance specialist at the Campaign Legal Center, said Trumps fundraising was unprecedented and evidence of undimmed political ambition.
Trump Donations To Michigan Candidates A Mess May Have To Be Returned
LANSING A political action committee affiliated with former President Donald Trump is investing in Michigan legislative races, backing candidates he says support his false claims of widespread voter fraud in the 2020 election.
Its a rare move for former presidents, who usually pump money into federal races. And it may backfire for Trump: Much of the money his PAC, Save America, doled out to Michigan candidates may have exceeded campaign donor limits and could have to be returned.
Save America gave $5,000 apiece to nine Trump-endorsed candidates for state legislative races on Dec. 28, campaign reports filed this week reveal.
Trouble is, Save America is listed in state records as a political PAC, which means the limit for such contributions is $2,100 for state Senate candidates and $1,050 for state House hopefuls. That means, $33,450 of the $45,000 could have to be returned, due to restrictions under Michigans campaign finance law.
Bradley Crate, treasurer of Save America, did not return a call for comment.
One beneficiary, Livingston County businessman Mike Detmer, who is running for state Senate, received a $5,000 contribution to a committee he established to run for the state House in 2020.
Reached by phone Tuesday, Detmer said he was unaware the check went to an account he hasnt touched for years.
Other candidates who received contributions did not return messages Tuesday.
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Fundraising In The 2020 United States Presidential Election
Fundraising plays a central role in many presidential campaigns, and is a key factor in determining the viability of candidates. Money raised is applied for the salaries of non-volunteers in the campaign, transportation, campaign materials, and other contingencies. Under United States law, officially declared candidates are required to file campaign finance details with the Federal Elections Commission at the end of every calendar month or quarter. Summaries of these reports are made available to the public shortly thereafter, revealing the relative financial situations of all the campaigns.
According To The Rnc July’s Massive Haul Is Not Only A Record For The Month But Also Eclipses The Total Raised In Any Single Month Of 2016 July Was Also The Largest Online Fundraising Month Ever For The Re
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Trump Has Raised $170 Million Since Election Day
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President Trump has raised about $170 million since Election Day as his campaign operation has continued to aggressively solicit donations with hyped-up appeals that have funded his fruitless attempts to overturn the election and that have seeded his post-presidential political ambitions, according to a person familiar with the matter.
The money, much of which was raised in the first week after the election, according to the person, has arrived as Mr. Trump has made false claims about fraud and sought to undermine public confidence in the legitimacy of President-elect Joseph R. Biden Jr.s victory.
Instead of slowing down after the election, Mr. Trumps campaign has ratcheted up its volume of email solicitations for cash, telling supporters that money was needed for an Election Defense Fund.
In reality, the fine print shows that the first 75 percent of every contribution currently goes to a new political action committee that Mr. Trump set up in mid-November, Save America, which can be used to fund his political activities going forward, including staff and travel. The other 25 percent of each donation is directed to the Republican National Committee.
A donor has to give $5,000 to Mr. Trumps new PAC before any funds go to his recount account.
The Former President Remains A Potent Force In Republican Politics
- Losing Support: Nearly half of G.O.P. voters prefer someone other than Donald J. Trump for president in 2024, a Times/Siena College poll showed.
- Trump-Pence Split: An emerging rivalry between Mr. Trump and Mike Pence, his former vice president, reveals Republicans enduring divisions.
- Potential Legal Peril: From the Justice Departments Jan. 6 inquiry to an investigation in Georgia, Mr. Trump is in legal jeopardy on several fronts.
In his statement, Mr. Stepien added that the money also positions President Trump to continue leading the fight to clean up our corrupt elections process in so many areas around the country, and to build on gains from the 2020 elections so we can take back the House and build on our Senate majority in 2022.
Mr. Trumps next political steps are much discussed in both parties, and his nonstop fund-raising in the month after his loss at the polls ensures his new political operation whatever shape it takes will continue to be well financed. He can use the new PAC to hire staff members and pay for political travel, like his rally on Saturday in Georgia, where two runoff elections on Jan. 5 will determine control of the United States Senate.
Some of Mr. Trumps fund-raising solicitations have veered from simply disputing the results of Novembers election. His campaign, for instance, offered donors who gave $45 on Thursday an iconic Christmas ornament .
Rachel Shorey contributed reporting.
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Trump Directed $250 Million In Donations To Leadership Pac
Former U.S. President Donald Trump raised $250 million in donations in the weeks after the November 2020 presidential election for an organization ostensibly intended to fund court challenges in support of his false claims that the election was fraudulent. Instead, he directed that money to an unrelated political action committee, or PAC, according to congressional investigators.
In its second hearing about its findings, the House Select Committee to Investigate the January 6th Attack on the United States Capitol made the case that the former president knew that he had lost the election but continued raising money from his supporters by sending out appeals for donations to an Election Defense Fund.
The committee played recordings of depositions given by former employees of Trump’s campaign, one of whom said, “I don’t believe there is actually a fund called the Election Defense Fund.”
Another former Trump campaign staffer said the fund was simply a “marketing tactic.”
Money went to leadership PAC
The committee said some of the money Trump’s campaign raised in the weeks after the election went to paying down campaign debt and into the coffers of the Republican National Committee. A large amount also went to a new leadership PAC called Save America, which was formed three days after the election.
Under law, politicians with leadership PACs have broad latitude to spend the money they collect as they see fit.
Spending connected to Trump allies
Unethical but not illegal