Donald Trump raises $100 million war fund
US midterm elections updates
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Donald Trump entered July with a war fund of more than $100 million from his political committees for 2021, and collected more than other Republican donations online during the first half of this year, according to new federal campaign funding filings.
Trump’s massive cash flow – unprecedented for a former president – has renewed speculation that he is considering the 2024 campaign. But not all of the money can be used for reelection efforts.
That amount is a testament to his continued 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.
The majority of the available funds – $90 million – came from the Political Action Committee to Save America (PAC). The rest has been piled up across many other fundraising avenues, some left over from his 2020 presidential campaign, others newly launched, making it difficult to keep track of the money Trump has raised and what he can use for it.
The fundraiser confirms that Trump could make a big impact in the upcoming 2022 congressional elections. Although he used the Save America Pac to make friends Republican candidates in that election, have not yet donated money to their campaign accounts. He also spent little on state ballot reviews, despite using the false claim that the elections were “stolen” from him to solicit donations.
He has spent more than $13 million from his Make America Great Again Pac account, the bulk of which has been on legal and advisory fees related to the 2020 election recount effort.
Trump-related groups have raised a total of more than $56 million on the Republican Party’s online fundraising platform WinRed, surpassing the Republican National Committee ($19 million) and the Senate and House Republican committees combined ($23 million raised by the Senate Republican National Committee and $26 million raised by the Republican National Congress Committee).
The Trump Committee Make America Great Again, which has raised $35 million more than every other committee via WinRed, is a joint fundraising account that splits its proceeds between the other Trump committees (75 percent) and the Republican National Committee (25 percent), a direct indication of how The party continued to rely on its name to harness funds, particularly from small online donors.
The two Trump-related beneficiaries of the Trump Make America Great Again committee are the Save America Pac, which Trump created in the wake of the 2020 election, and the Make America Great Again Pac, which was Trump’s primary campaign committee during the election. Trump has another joint venture, the Save America Joint Fundraising Committee, which raises money only for the other two Trump groups.
The Trump Victory, a joint venture between Trump and several Republican Party committees during his campaign, no longer receives contributions but has nearly $2 million in cash left.
Trump endorsed Make America Great Again Action Inc, which has raised more than $5 million since its launch in March. Run by former Trump campaign manager Corey Lewandowski, the group is a Super Buck, which means that unlike Trump’s Buck, it can collect and spend unlimited amounts of money. However, it cannot coordinate directly with the candidates.
Former Georgian Senator Kelly Loeffler, who was defeated by Raphael Warnock in the January special election, wrote a $250,000 check to the group in May, at the same time that Mike Lindell, CEO of Maybelle, gave $100,000.
Of the more than $62 million raised through the Save America Pac, Trump has spent just $3.2 million as of June 30, including a $1 million donation to the America First Policy Institute, a nonprofit dedicated to promoting Trump’s policies that have supported him. Legal battles For Facebook, Twitter, and Google’s YouTube, plus more than $68,000 in Trump hotels.
As a “leading pac”, Save America Pac’s money cannot be used directly in his campaign. Other than that, there are few meaningful restrictions on how it spends its money. Campaign finance repair kits like the first issue have warned That Save America, like many of the Pacs’ leaders, could be “a typical example of a political cutback box.”
But even outside Save America, Trump is sitting on tens of millions of dollars in cash across his various committees. A clearer picture of what Trump plans to do with it won’t emerge until January 2022, which is the next date for the Federal Election Commission to submit these committees.