{"id":119113,"date":"2021-08-01T03:46:35","date_gmt":"2021-08-01T03:46:35","guid":{"rendered":"https:\/\/fin2me.com\/?p=119113"},"modified":"2021-08-01T03:46:35","modified_gmt":"2021-08-01T03:46:35","slug":"trump-raises-big-money-in-early-2021-but-doesnt-spend-much","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/trump-raises-big-money-in-early-2021-but-doesnt-spend-much\/","title":{"rendered":"Trump raises big money in early 2021, but doesn't spend much"},"content":{"rendered":"

WASHINGTON (Reuters) – A fundraising group run by former President Donald Trump raised $62 million in the first half of the year but only spent $3 million, with the biggest chunk of money going to a pro-Trump research center and more than $65,000 to Trump\u2019s own hotels, according to federal records published on Saturday.<\/p>

FILE PHOTO: Former U.S. President Donald Trump speaks during his first post-presidency campaign rally at the Lorain County Fairgrounds in Wellington, Ohio, U.S., June 26, 2021. REUTERS\/Shannon Stapleton<\/figcaption>

Trump, a Republican, established the Save America committee in November shortly after losing the presidential election to Democrat Joe Biden. Under Federal Election Commission (FEC) rules, the committee has broad leeway in how it can use its money.<\/p>\n

A filing with the FEC showed Save America made a $1 million contribution in June to the America First Policy Institute, a nonprofit run by veterans of his administration.<\/p>\n

The group\u2019s leadership includes Brooke Rollins, who led the White House\u2019s Domestic Policy Council under Trump, and Larry Kudlow, who led Trump\u2019s National Economic Council.<\/p>\n

The money spent at Trump hotels was described as covering lodging or meals, according to Save America\u2019s filing.<\/p>\n

Another Trump-controlled committee, a former campaign account now known as the Make America Great Again PAC, spent an additional $13 million in the first half of the year, mostly to cover legal fees and Trump\u2019s efforts to reverse his November election loss, according to a separate FEC filing.<\/p>\n

Together, the two committees brought in the bulk of the nearly $82 million that Trump\u2019s office said he helped raise between January and June.<\/p>\n

Committees affiliated with Trump ended the period with nearly $102 million in cash, a sum that could help the former president exert considerable influence ahead of next year\u2019s elections when Republicans hope to win control of Congress. Democrats have narrow majorities in the House of Representatives and the U.S. Senate.<\/p>\n

But while Trump is his party\u2019s top fundraiser and continues to raise large sums for the Republican National Committee, his committees did not give any money to political candidates during the first half of the year.<\/p>\n

A spokesperson for his office said $5,000 checks were sent in July to candidates he had endorsed. Details on those contributions are expected in FEC filings due later in the year.<\/p>\n

Many of the candidates Trump has endorsed, particularly those challenging incumbent Republicans or seeking open seats, lag far behind their opponents in fundraising. Trump-backed Kelly Tshubaka, who is challenging Republican U.S. Senator Lisa Murkowski of Alaska, had about $2 million less in her campaign\u2019s bank account at the end of June than did Murkowski.<\/p>\n

Republicans will face a well-funded slate of Democrats in next year\u2019s elections.<\/p>\n

Democrats raised over $373 million in online donations in the first six months of the year through ActBlue, the party\u2019s dominant payment processor, according to a disclosure filed on Saturday. That outpaced the $258 million that Republicans raised during the same period through their online payment processor WinRed.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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