What Happens To Trump’s $101 Million War Chest If He Announces He’s Running For President?

  • 📰 Forbes
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

His leadership PAC, a group called Save America that he formed in November 2020, has collected nearly $130 million. The moment he declares another run for the presidency, however, Trump’s grasp on that money will loosen.

The exact amount of control he’ll lose is an open question—one that depends on how much the former president is willing to push campaign-finance boundaries and whether the Federal Election Commission is willing to rein him in.

Leadership PACs like Save America are often used by politicians to raise funds for other people seeking higher office. So far, Trump’s group, which had $101 million on hand as of May 31, has spent much of its money on things that look like traditional campaign expenses—buying ads, booking travel and hosting rallies. If Trump announces that he’s running for president again, most experts say those costs would have to be paid by his official campaign committee, not Save America.

It’s not all cut and dried, though. If, for example, Trump hosts a campaign-style rally for another candidate, but the former president spends plenty of time on stage, can Save America pick up the tab? Well, maybe. Saurav Ghosh, who helps dig up campaign-finance violations for a nonprofit named the Campaign Legal Center, admitted that the rules surrounding leadership PACs are “murky.

Robert Maguire, research director at a watchdog group called Citizens for Responsibility and Ethics in Washington who stressed that he is not a lawyer, said politicians have previously used leadership PACs in questionable ways, leading him to believe Trump may have plenty of flexibility.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What happens to crazy Nancy insider trading w hubby How about focus on the here n now and what these corrupt fks are doing to Americans!! Piss poor reporting .. again

Hopefully he just uses it to get desantis elected

NY or some other Kook is going to sue him once again 😂😂😂😂😂😂😂😂😂😂😂😂

If DonTheCon Announces he is running again, You want to let everyone you have in Jail and Prison out, because if you can't put Him and His minions in prison for trying to Take over your Country/Gov't. Other then Murdering/Raping someone, What would you go to prison for?

It’ll go to all his rich friends in the most legal way possible.

He's still not in jail?

POTUS DonaldJTrumpJr would never watch Russia invade Ukraine You just incapable You should resign you know that deep down No offense

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Republican Party needs more Larry Hogans and fewer Donald TrumpsOpinion: The Republican Party needs more Larry Hogans and fewer Donald Trumps
Source: ladailynews - 🏆 332. / 59 Read more »

Ted Cruz says Trump announcing 2024 run would 'significantly' clear GOP fieldSen. Ted Cruz told Fox News Digital Friday that former President Donald Trump is 'going to do what he wants' when it comes to running in 2024. tedcruz UNUTHER PAWLYTYKUWL CORRUPTOR… THAY ZSTAR’T VWYTH DRUMP.. AN FUWNNEL’Z DOUWN DA CHAYN… THRU DA GOP PARTEE MEMBR’Z… N DA VWYTE OUZSE… MY’D TERM’Z R EER NOO EW 2 VOWTE 4… RE-MEMBR IV U VOWTE AH VWAY OUWR.. DEMAWKRACY… IT’Z VEREE AR’D 2 GYT’T IT’T BAK… 🇺🇸🏛 tedcruz Please let’s calm him Rafael tedcruz This guy wasn’t even honest about jumping on a plane whilst Texas was in lock down.
Source: FoxNews - 🏆 9. / 87 Read more »

Trump claims 'persecution' of him would 'immediately stop' if he decided not to run for political office'If I announced that I was not going to run any longer for political office the persecution of Donald Trump would immediately stop,' Trump said at a rally in Arizona. TRUMP IS TRYING TO AVOiD BANKRUPTCY AND A JAIL CELL NEXT TO BANNONS. HE WILL TELL ANY LIE. GILF COURSES ARE EMPTY.GO PLAY A ROUND OF GOLF SUPPORT YOUR FORMER PRESIDENT . I'd like to think that Washington is honest enough to prosecute criminals just because they're criminals, and not as a political tactic. But sadly, no.
Source: CBSNews - 🏆 87. / 68 Read more »

Steve Bannon Convicted of Contempt for Defying Jan. 6 Committee SubpoenaThe longtime ally of former President Donald Trump faces up to two years in federal prison when he's sentenced on Oct. 21.
Source: THR - 🏆 411. / 53 Read more »

Zelensky says new HIMARS from U.S. to 'speed up' Ukraine's 'liberation'The Ukrainian president cheered an additional $270 million in military assistance announced by the White House on Friday. Robbing the US without using a gun. Money laundering Do you agree with this new aid package to Ukraine?
Source: Newsweek - 🏆 468. / 52 Read more »

Donald Trump Jr. leaves open possibility father could announce run for presidency before midtermsFormer President Donald Trump's son did not take the possibility he could announce for 2024 before November off the table in an interview on Saturday. DonaldJTrumpJr What a great way to screw up what should be a historic R midterm blowout by making it all about his toxic personality flawa despite the greater good at stake.. On brand..
Source: FoxNews - 🏆 9. / 87 Read more »