Trump tax: Donald gets first cut of RNC cash with new fundraising agreement
By
Annabella Rosciglione
March 22, 2024 8:41 am
Former President Donald Trump‘s new way of dividing fundraising money means the Republican National Committee won’t see as much of it as usual.
Under Trump’s joint financing agreement, donations are directed to the Trump campaign or the Save America PAC, which helps pay for Trump’s legal bills, before the RNC gets a cut of the money. “No other candidate has used a leadership PAC the way the Trump campaign has,” Adav Noti, the executive director of the nonpartisan Campaign Legal Center in Washington, told the Associated Press. He said this type of fundraising is unusual and that normally, candidates prioritize raising money that can be directly spent on campaign efforts.
An invitation to a fundraising event obtained by the Associated Press shows that donors’ contributions to the Trump 47 Committee are squeezed through several levels of diversion. All funds are first directed to give the maximum amount allowed to Trump’s campaign. Once the cap on campaign contributions has been hit, donations will go into Trump’s Save America PAC for the federal maximum allowed. Any leftover funds will be given to the RNC.
The Save America PAC is structured as a “leadership PAC,” which means it cannot spend funds on Trump’s campaign. This year, Save America spent 85% of its funds on Trump’s legal expenses, amounting to $8.5 million.
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https://www.washingtonexaminer.com/news/campaigns/2933558/trump-gets-first-cut-rnc-cash-with-new-fundraising-agreement/