US midterm elections updated
Join myFT Daily Digest to be the first to have news on US midterm election news.
Donald Trump entered July with a war coffin of more than $ 100 million from his political committees in 2021, which during the first half of this year raised more than other Republicans in online donations.
Trump’s enormous cash flow – unprecedented for a former president – has repeatedly speculated that he is considering a 2024 campaign. But not all the money can be used for re-election efforts.
The sum is a testament to his enduring popularity among Republicans, even after he lost the 2020 election and was stripped of his preferred communications platform when Twitter banned his account in January.
The majority of the cash – $ 90 million – came from the Save America (Pac) political action committee. The rest have built up at several other fundraising vehicles, some left over from his presidential campaign in 2020, others newly started, making it difficult to keep up with the money Trump has raised and for which he can use it.
The fundraiser confirms that Trump could be very influential in the upcoming 2022 by-elections in Congress. Although he used Save America Pac endorse Republican candidates during the election, he has not yet donated money to their campaign accounts. He also spent little on polling station reviews, despite the false claim that his election was “stolen” to solicit donations.
He spent more than $ 13 million on his Make America Great Again Pac account, the bulk of it on legal and consulting costs related to the 2020 election campaign.
Trump-affiliated groups raised a total of more than $ 56 million on the online Republican fundraising platform WinRed, along with the Republican National Committee ($ 19 million) and the Republican Senate and House committees ($ 23 million raised by the National Republican Senators Committee and $ 26 million raised by the National Republican Congressional Committee).
The Trump Make America Great Again Committee, which raised $ 35 million more than any other committee through WinRed, is a joint fundraising account that shares its proceeds between Trump’s other committees (75 percent) and the Republican National Committee (25 percent). divided, a direct indication of how the party still relies on its name to mobilize cash, especially from small donors of small dollars.
Trump’s two beneficiaries of the Trump Make America Great Again Committee are the Save America Pac, which Trump launched in the aftermath of the 2020 election, and the Make America Great Again Pac, formerly Trump’s most important campaign committee. during the election. Trump has another joint venture, the Save America Joint Fundraising Committee, which only raises money for the other two Trump groups.
Trump Victory, a joint venture between Trump and several Republican party committees during his campaign, no longer receives contributions, but has about $ 2 million in cash left to pay out.
Trump has endorsed Make America Great Again Action Inc., which has raised more than $ 5 million since it began in March. The group, run by former Trump campaign manager Corey Lewandowski, is a super Pac, meaning that unlike the Trump-affiliated Pacs, it can raise 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 a $ 250,000 check to the group in May, about the same time as MyPillow CEO Mike Lindell. $ 100,000 contribution.
Of the more than $ 62 million he raised through Save America Pac, Trump spent only $ 3.2 million on June 30, including a $ 1 million donation to the America First Policy Institute, a nonprofit goal to Support Trump’s policies that supported his support legal battles against Facebook, Twitter and Google’s YouTube, plus more than $ 68,000 at Trump hotels.
As a “Leadership Pac”, Save America Pac funds cannot be used directly on its own campaign. Otherwise, there are few significant restrictions on the way he can spend his money. Campaign funding reform groups, such as Issue One, have warned that Save America, like many Pacs of Congress, could be ‘an example of a textbook of a political fund’.
But even outside of Save America, Trump sits on millions of dollars in cash in his various committees. It will not be until January 2022, the next date of submission by the Federal Election Commission to these committees, a clearer picture emerges of what Trump intends to do with it.