Donald Trump has fundraised over $100 million as he eyes a possible 2024 presidential run, despite being banned from social media, report says
Paul Hennessy/Anadolu Agency via Getty Images
- Donald Trump raised millions of dollars through his fundraising operations, a Washington Post report says.
- Although barred from using the money to fund a presidential campaign, he can use it for other political activities.
- The former president has been increasingly hinting at a 2024 presidential run.
Former President Donald Trump has raised millions of dollars through his fundraising committees despite being banned from social media, a new report from The Washington Post says.
In July, the most recent date, his three primary fundraising arms were required to report their donations to the Federal Election Commission. The committees declared more than $100 million in cash on hand, the paper said.
Advisers say that the former president has been consistently raising more than $1 million per week, often reaching totals nearing $2 million, according to the paper.
Trump's three primary fundraising sources are Save America PAC, Save America Joint Fundraising Committee, and the Make America Great Again PAC.
The former president is legally barred from using money raised through these committees to finance a presidential campaign directly. It would require them to operate under different fundraising and spending limitations.
He can use the money to fund his current political operations, including paying for staff and rallies but would have to start from scratch if he announces a presidential run.
However, the vast sums of money Trump has shown that he remains a formidable political candidate.
Trump could also transfer the money to an outside group that supports his candidacy, The Post said, or if nothing else, it could give him a headstart in establishing a donor base.
The former president has managed to raise these funds despite social media bans which have seen him permanently barred from Twitter and barred from Facebook until at least 2023.
Despite his ban, his political action committees have been allowed to continue buying ads and operating on Facebook through the "Team Trump" Facebook page.
According to The Washington Post, Save America has spent more than $100,000 a week this month on Facebook ads, many soliciting donations from his supporters.
The ads often cite false claims of electoral fraud, criticisms of President Joe Biden and Vice President Kamala Harris, and false warnings that Democrats favor immigrants over American citizens.
Some of the ads offer donors the chance to win a trip to meet the former president and attend one of his rallies.
"DO YOU MISS TRUMP? DONATE TO STAND WITH PRESIDENT TRUMP," the ads often say.
His groups also fundraise by holding donors' events and sending barrages of emails and text messages to supporters.
Trump also recently launched a newly rebranded Super PAC called Make America Great Again, Again!.
The new committee is due to support "Trump-endorsed candidates across the country who have proven to be fighters of the MAGA movement."
Before rebranding, it reported $5.6 million in cash at the end of July, The Post reported.
Although Trump has not yet announced a 2024 election run, he has been increasingly hinting at it.
This week his former chief of staff Mark Meadows said he would bet all of his money on the former president running in the next election.
Contributer : Business Insider https://ift.tt/3BtFAVV
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Sunday, October 31, 2021
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