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How Trump Funnels Campaign Funds to His Businesses

July 21, 2020 · 1:57 pm ET · Leave a Comment

“Donald Trump has not given a dime to his reelection campaign, opting instead to fund the entire effort with his donors’ money. His business, meanwhile, has continued to charge the campaign for things like food, lodging and rent. The result is that $2.2 million of contributions from other people has turned into $2.2 million of revenue for Trump,” Forbes reports.

“And that’s just counting the money flowing directly through the president’s campaign. His reelection apparatus also includes two joint fundraising committees, which work with the Republican party to raise money for Trump. Since he took office, those entities—named Trump Victory and the Trump Make America Great Again Committee—have funneled another $2.3 million into the president’s private business.”

“Then there’s the Republican National Committee, which has spent an additional $2.4 million at Trump properties. Add it all up, and the president, working in concert with the party he leads, has helped push $6.9 million into his businesses since taking office.”

2020 Campaign, Campaign Finance

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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