US midterm elections updates
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Donald Trump entered July with a war chest of more than $100 million from his 2021 political committees, raising more than other Republicans in online donations in the first half of this year, according to new filings of federal campaign finance.
Trump’s massive cash flow — unprecedented for a former president — has revived speculation that he’s considering a 2024 campaign. But not all of the money can be used for reelection efforts.
The amount 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.
Most of the cash — $90 million — came from the Save America (Pac) political action committee. The rest has been collected in various other fundraising vehicles, some left over from his 2020 presidential campaign, others launched recently, making it difficult to keep track of the money Trump has raised and what he can use it for.
The fundraising confirms that Trump could be highly influential in the upcoming 2022 midterm congressional elections. While he has used Save America Pac to support Republican candidates in those elections, he has not yet donated any money to their campaign accounts. He has also spent little on state ballot reviews, despite using the false claim that the election was “stolen” from him to solicit donations.
He has spent more than $13 million from his Make America Great Again Pac account, most of it on legal and advisory fees related to the 2020 election recount.
Trump-affiliated groups have raised a total of more than $56 million on the online Republican fundraising platform WinRed, surpassing the Republican National Committee ($19 million) and Republican Senate and House Party Committees combined ($23 million raised by the National Republican Senatorial Committee). Committee and $26 million raised by the National Republican Congressional Committee).
The Trump Make America Great Again Committee, which has raised $35 million more than any other committee through WinRed, is a joint fundraising account that splits the proceeds between Trump’s other committees (75 percent) and the Republican National Committee (25 percent). , a direct indication of how the party still relies on its name to make money, particularly from small dollar online donors.
The two Trump-affiliated 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 served as Trump’s main campaign committee during the campaign. election. Trump has another joint venture, the Save America Joint Fundraising Committee, which raises money only for the other two Trump groups.
Trump Victory, a joint venture between Trump and several Republican party committees during his campaign, has stopped receiving contributions but has about $2 million left to pay out.
Trump has approved Make America Great Again Action Inc, which has raised more than $5 million since its March launch. Run by former Trump campaign manager Corey Lewandowski, the group is a super Pac, meaning that unlike the Trump-affiliated Pacs, it can raise and spend unlimited amounts of money. However, it cannot directly coordinate with candidates.
Former Georgia Senator Kelly Loeffler, who was defeated by Raphael Warnock in the January special election, wrote a check for $250,000 to the group in May, about the same time as MyPillow CEO Mike Lindell’s contribution of $100,000.
Of the more than $62 million he raised through Save America Pac, Trump spent just $3.2 million on June 30, including a $1 million donation to America First Policy Institute, a nonprofit organization dedicated to promoting Trump’s policies and those are 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 for its own campaign. Otherwise, there are few meaningful restrictions on how it can spend its money. Campaign finance reform groups such as Issue One have warned that Save America, like many congressional leaders’ Pacs, could be “a textbook example of a political slush fund.”
But even outside of Save America, Trump sits on his various committees on tens of millions of dollars in cash. It won’t be until January 2022, the federal election commission’s next filing date for these committees, that a clearer picture of what Trump plans to do with it will emerge.