Trump raised $ 200m from false electoral claims. What happens to the money now? | Donald Trump


Lost the battle. The Supreme Court and the electoral college have spoken. Even the Senate majority leader, Mitch McConnell, therefore specializes in following the rules for political gain, has acknowledged that Donald Trump will not be the next president.

But the money flowing into Trump’s political coffins suggests that the defeat will not soon take the former president into political shadow.

Trump has been on a fundraising campaign since the election, rapidly bringing in $ 200m or more on the basis of his false claims that the votes were rigged.

His campaign bombarded supporters with emails and text messages – which, as 30 a day – request donations to a fighting fund to challenge the outcome. But with the election settled, that money is not going where.

Immediately after the election, most of the cash is directed to save America, an organization formed in the form of a Leadership Political Action Committee (PAC). The Leadership PAC was designed to allow money to be raised in support of a preferred candidate and Trump cannot legally use the proceeds to fund a run for office directly, such as the presidency in four years Another quote for.

But Brendan Fisher, a campaign finance expert at the Campaign Legal Center, said Trump’s fundraising was unprecedented and was evidence of unspecified political ambition.

“I cannot think of any other president who formed a leadership PAC immediately after losing the election and started fundraising for it. It is completely unique, ”he said.

“I think it’s basically going to be the vehicle for Trump’s post-White House political operation.”

Trump raised money in an onslaught of appeals for what he referred to the US as an “official election defense fund” without explicit mention. An aggressive sales pitch was built around the president’s false claims that the election was rigged – even one legal challenge after another.

An email stated, “We need your help to improve the integrity of our election.”

Another email pushed the subject line forward: “Results were out.”

Money was spent to fight the outcome of the elections already decided but most of it will not go anywhere. Some were used to pay Trump’s campaign debt, and 25 cents of every dollar goes directly to the Republican Party. The remainder is paid to save America.

“We hope that by this point the leadership is well over $ 100m in the PAC account,” Fisher said. “He is extraordinary. This is a lot of money, far more than any other leadership I can think of that has raised. “

Fisher said that this is an indication that Trump is not planning to quietly retreat from the political stage to write his memoirs.

“The creation of his leadership PAC is certainly an indication that Trump plans to remain very active in politics, and aims to remain a major political player,” he said.

“Because the lead PAC is loosely regulated, it can use the money not only to keep its campaign staff on payroll, but also to potentially benefit financially.” The leadership pack can use itself to pay salaries, to pay salaries to family members. There are a lot of things you can do with it. “

Jennifer Victor, associate professor of political science at George Mason University, said it would be smart for Trump to use the money to fund the election of political loyalists for Trump.

“Is he sufficiently prudent as a political operative to use that money to essentially form a broad coalition, in which he is the center and the doller-out of the money that would strengthen his political position It is difficult to say because their political movement has so far been centered around themselves, ”she said.

“He should be interested in building the Republican Party around Trumpism, which has been happening naturally over the years. But to state that a permanent feature of the Republican Party would be to use the political capital it has built around its name for the benefit of the party, which means giving to other candidates. “

Victor said that if he hopes to overtake Trump becomes a headache for the leadership of the Republican Party.

He said, ‘He will not be just a past president and candidate, but a candidate who gets the second highest number of votes ever for any American candidate, second only to Joe Biden. So they have this huge base of followers. At the same time, he always defied democratic norms and Republican Party norms.

Then there is Trump’s desire for the presidency again in four years.

“Cannot be used to support Trump’s campaign to save America, but there are many ways it can be used to build the basis for a run for office in 2024,” Fisher said said.

“Probably where it’s going to be more useful is to campaign in support of Trump’s other candidate. This could potentially pay for rallies in support of another candidate. It can be used to pay for advertisements that are run independently of the candidate he is supporting. “
This may include running funding for the office by a child of their own. There is already speculation about the possibility of Ivanka Trump running for the US Senate in Florida.

All of which maintain the president’s political profile and influence in the Republican Party, especially when he has proven adept at turning other people’s campaign events into actual Trump rallies.

Trump cannot use donations to solve the legal and financial problems encountered while leaving the White House that may stand in the way of future political ambitions.

District Attorney Cyrus Vance Jr. of Manhattan is conducting a criminal investigation of Trump’s business dealings. New York’s state attorney general, Letitia James, is leading a civil investigation after former president Michael Cohen, the president, said Congress Trump increased the value of his assets to secure bank loans and then cut them tax Of.

The investigation recently expanded to examine consultation fees that may have gone to Ivanka, the president’s daughter. He responded by calling the news of the inquiry Politically motivated harassment.

Trump loses his protection from criminal prosecution when he steps down. While he claims the power to pardon himself before he departs the White House, any such move would only apply to federal offenses, not the charges brought by New York or any other state.

The President is also facing heavy debt repayment. According to the New York Times, Trump personally guaranteed $ 420 million owed by his businesses, which would have to be repaid in the coming years.

The bulk of those loans are with Deutsche Bank. Last month, Reuters reported that the bank was trying to deepen relations with the president.

The Trump Organization, the president’s umbrella group that is currently overseeing his two sons, owes about $ 340 million to Deutsche Bank. The loans, which are against Trump assets, start coming in two years.

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