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Trump’s Donor Money Just Plummeted by $101 Million — What Happens to Election Funds If They Go Negative?
I come on my fellow Trump ass-wipes, let dig deep in those pockets and make Trump Donor Money great?!!
As his legal peril intensifies, so do Donald Trump’s legal fees. Most of these lawyer charges have been paid by draining funds from his political action committee (PAC), Save America, and shifting funds from Trump-supporting Super PACs.
Save America, the leadership PAC founded by former President Donald Trump, has less than $4 million cash on hand, after siphoning over $101 million to pay legal fees for Trump and his allies since the beginning of 2022, reports the New York Times.
Mid-year tax filings for PACs provide awareness about presidential campaign funding and how those funds are being used. In Save America’s case, money that could be going to necessary campaign needs or political work, is being spent overwhelmingly on the former president’s and his associates’ pending legal cases.
According to its mid-year Federal Election Commission (FEC) filing, the Save America PAC has spent approximately $25 million in the first half of 2023, $21.6 million of that went to legal fees.
A PAC is a tax-exempt, 527 political organization created to raise and spend money to elect and defeat candidates. PACs have donation limits for individuals ($5,000 per year) and can’t accept donations from corporate or labor union treasuries.
PACS differ from Super PACs, which can gather unlimited funds from people, corporations, unions and other PACs to finance campaign expenditures independently. They can help finance travel and events and often pay for advertising to support a candidate or cause (or to oppose another candidate) but can’t coordinate directly with candidates or contribute money to political parties or campaigns.
https://www.yahoo.com/finance/news/trump-donor-money-just-plummeted-113018905.html
I come on my fellow Trump ass-wipes, let dig deep in those pockets and make Trump Donor Money great?!!
As his legal peril intensifies, so do Donald Trump’s legal fees. Most of these lawyer charges have been paid by draining funds from his political action committee (PAC), Save America, and shifting funds from Trump-supporting Super PACs.
Save America, the leadership PAC founded by former President Donald Trump, has less than $4 million cash on hand, after siphoning over $101 million to pay legal fees for Trump and his allies since the beginning of 2022, reports the New York Times.
Mid-year tax filings for PACs provide awareness about presidential campaign funding and how those funds are being used. In Save America’s case, money that could be going to necessary campaign needs or political work, is being spent overwhelmingly on the former president’s and his associates’ pending legal cases.
According to its mid-year Federal Election Commission (FEC) filing, the Save America PAC has spent approximately $25 million in the first half of 2023, $21.6 million of that went to legal fees.
A PAC is a tax-exempt, 527 political organization created to raise and spend money to elect and defeat candidates. PACs have donation limits for individuals ($5,000 per year) and can’t accept donations from corporate or labor union treasuries.
PACS differ from Super PACs, which can gather unlimited funds from people, corporations, unions and other PACs to finance campaign expenditures independently. They can help finance travel and events and often pay for advertising to support a candidate or cause (or to oppose another candidate) but can’t coordinate directly with candidates or contribute money to political parties or campaigns.
https://www.yahoo.com/finance/news/trump-donor-money-just-plummeted-113018905.html