Trump properties have made over $17 million from the campaign and the RNC since 2016
Source: MSN
President Donald Trump's properties have made over $17 million from the Trump campaign and his joint fundraising committees since 2016.
That includes close to $400,000 recently paid by Trump Victory, Trump's joint fundraising committee with the Republican National Committee, to the Trump Hotel Collection.
The payments to the president's business came in the second quarter, as the coronavirus pandemic was spreading. The payments were largely for the RNC donor retreat at Trump's private Mar-a-Lago resort in early March, just before the end of the first quarter, according to a Republican official familiar with the matter.
At the weeklong event, Trump tried to reassure donors that his administration had everything under control regarding the virus, as CNBC first reported. Vice President Mike Pence at the time echoed Trump's some sense of calm.
Read more: https://www.msn.com/en-us/news/politics/trump-properties-have-made-over-17-million-from-the-campaign-and-the-rnc-since-2016/ar-BB16ShpZ?li=BB141NW3
It is amazing to think that Trump's original con was that he was self-funding his campaign because he was so rich.
https://www.theatlantic.com/politics/archive/2016/05/trumps-self-funding-lie/482691/
Its not just that Trump is now courting major donors. (Sheldon Adelson, perhaps the most famous conservative donor not named Koch, has a column in todays Washington Post explaining why he backs Trump, even though Trump has (1) bashed major donors and (2) been extremely aloof to Israel, Adelsons major cause.) Its also that hes opening up to super PACs. Formally, Trump can do little to stop super PACsaccording to the federal rules, its illegal for campaigns to coordinate with them. But candidates, including Trump, have found ways to send messages. In October, Trump demanded that super PACs backing him close up shopthough only after the Post spotlighted the close ties between the Trump campaign and one of the super PACs. In April, Trumps campaign sent a cajoling letter to Great America PAC, a new super PAC backing him, complaining that the group could confuse backers and muddy his message.
More recently, however, after Great America hired former Ronald Reagan operative Ed Rollins, Trump seemed to be more accepting, calling Rollins tremendous. Rollinswho to be fair has a reputation for being a loose cannon with little regard for bossesseemed confident about the PACs role, saying, Usually a super PAC is frosting on a cake. Were going to be part of the cake.
Calling this simply a flip-flop lets Trump off the hook, though. Trump has made self-funding a major point of his campaign, proof that unlike his rivals, hes not beholden to anyone. There are highly popular Facebook posts
and its been a staple of his stump speech. At Trump events, backers have repeatedly told me and other reporters that Trumps self-funding and refusal to take money is a major selling point. Too often, the press was content to report those claims without scrutiny. In fact, Trump was never really self-fundingat least not in any traditional sense.
ProfessorGAC
(65,381 posts)...of debt service! Maybe not one week.
They are hiding the tax docs because it will show nearly zero liquidity.
Zero liquidity means he's far from being a billionaire.
yaesu
(8,020 posts)bucolic_frolic
(43,476 posts)Link to tweet
The Hoarse Whisperer
@HoarseWisperer
Making sequential payments below $10k to evade reporting requirements on a single larger payment is called structuring and it is a federal crime.
David Fahrenthold
@Fahrenthold
· 5h
In just two days, @realdonaldtrumps campaign pumped $380K into Trumps private business, in 43 separate payments. Trump Org says this was for a weeklong donor retreat, held in early March at Mar-a-Lago.
Campaign donations turned into private revenue for POTUS
mdbl
(4,976 posts)If we had an independent justice system this would have been investigated and prosecuted.
ansible
(1,718 posts)riversedge
(70,441 posts)not_the_one
(2,227 posts)He needs to be slapped with money laundering for Russian mobster oligarchs (easily proven through real estate transactions going back for decades), under RICO, and take every penny of his assets. At least have them frozen until we can get to the bottom of it.
NY could have dealt with this years ago, but didn't. I wonder why? Which is why I am not holding my breath for Letitia to ride in and save the day...
He is pilfering every penny he can, as we speak. He'll show us...
dalton99a
(81,700 posts)Ivanka Trump and Jared Kushner made as much as $135m last year
In their second year as White House aides, couple took in funds from real estate holdings, stocks, and a book deal
Associated Press
Fri 14 Jun 2019 20.14 EDT