Trump Raises $170 Million as He Denies His Loss and Eyes the Future

The president’s campaign has ratcheted up its appeals for cash, but the first 75 percent of every contribution is going to a new political action committee that could fund his next political move. 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. Trump’s 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. Trump’s new PAC before any funds go to his recount account. Still, the Trump campaign continues to urgently ask for cash. On Monday, Mr. Trump signed a campaign email that breathlessly told supporters that the end of November — nearly four weeks after Election Day — represented “our most IMPORTANT deadline EVER.”The Washington Post reported earlier on Monday that Mr. Trump’s postelection efforts had raised more than $150 million. Tim Murtaugh, a spokesman for Mr. Trump’s campaign, declined to comment on the fund-raising. The $170 million figure, raised in less than four weeks, is an enormous sum that rivals the amounts of money brought in at the peak of the campaign. While a breakdown of the money was not immediately available, the deluge of donations would appear to have paid off any remaining Trump campaign debt (in the first days after the election, the fine print showed that contributions were earmarked for that purpose). The money is also likely to provide Mr. Trump with a sizable financial head start in paying for his post-presidency political activities. Despite the influx of cash, both the Trump campaign and the R. N. C. have reduced the size of their staffs since the election. In October, Mr. Trump’s campaign began automatically checking a box on its website so that more donors would make additional, weekly donations from their accounts through Dec. 14 — the day the Electoral College will vote — to create a postelection revenue stream. Donors can opt out with an extra click, but critics called the tactic misleading. Mr.


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Article Link: https://www.nytimes.com/2020/11/30/us/politics/trump-campaign-donations.html


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