Trump’s Campaign Finances Take A Hit As Millions Go For Legal Defense & Melania’s Designer
Former President Donald Trump‘s 2024 White House campaign may be struggling to find fundraising, according to a new analysis conducted by The Guardian.
Though his PACs and committees have a reported $95 million, $78 million is unusable in most cases.
Large donors have distanced themselves from Trump’s third presidential campaign. Some of these mega-donors include private equity firm Blackstone’s CEO Stephen Schwarzmann and Ronald Lauder, heir to cosmetic company Estée Lauder, both of whom have voiced their belief that its time for the Republican party to turn to new leadership.
Even more concerning for Trump, is that the numbers indicate that the small-donor stream that his 2016 campaign relied on, seems to be dwindling.
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Trump turned in sky-high fundraising numbers during election cycles. Since then, he reported bringing in $500 million. Much of this money has gone toward paying his many legal fees as he is currently the subject of numerous investigations. Now other large costs that have eaten up the pile of money have included Melania Trump‘s personal designer and helping January 6 rioters.
The analysis found that Trump’s Save America leadership PAC has around $21 million left over after the midterms, but he is unable to use those funds on his campaign in most instances as leadership PACs exist to help other candidates.
The other $57 million comes from Super PACs, but under the law, they cannot directly “coordinate with the campaign.” The money rather can go toward supporting Trump’s campaign or attacking those challenging him.
Trump has tried in recent months to work around the laws, leading a campaign watchdog to file a complaint with the Federal Election Campaign.
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