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You are here: Home / 2020 Campaign / How Trump Funnels Campaign Funds to His Businesses

How Trump Funnels Campaign Funds to His Businesses

July 21, 2020 at 1:57 pm EDT By Taegan Goddard 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.”

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Filed Under: 2020 Campaign, Campaign Finance

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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