Trump Has Now Shifted $1.9 Million From Campaign Donors To His Business

  • 📰 Forbes
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Since January 20, 2017, the day Trump officially declared his intent to run for re-election, his campaign has put $1.9 million of donor money into the President’s private business DanAlexander21

None of Trump’s businesses have accepted more cash from the campaign than Trump Tower Commercial LLC, an entity that holds office and retail space inside the president’s most famous New York City building. So far, the re-election effort has paid $1.3 million to Trump Tower Commercial, in which the president maintains a 100% interest. The Republican National Committee, working in coordination with the campaign, shelled out an additional $225,000 from September 2017 to January 2018. Of the $1.

The next-biggest beneficiary is the Trump International Hotel in Washington, D.C. The president’s second home on Pennsylvania Avenue has taken in $126,000 of Trump campaign money, according to an analysis of FEC filings. Those payments, however, seem to be slowing down. From October to December of 2019, the campaign paid no money directly to the D.C. hotel.

More campaign contributions headed to Trump Plaza LLC, which leases a parking garage, retail space and two brownstones near Third Avenue and 61Street in Manhattan. So far, Trump Plaza LLC, which the president owns outright, has collected $84,000 from the campaign, according to FEC filings. The documents list those expenses as “rent,” though they do not say what exactly the Trump campaign is renting. The reelection effort does not seem to be using Trump Plaza LLC’s retail or parking spaces.

As long as the Trump campaign is paying fair-market rates, all of these transactions appear to be legal. When asked about the payments, a Trump campaign official ignored a detailed set of questions and sent a general statement. “The campaign pays fair-market value under negotiated rental agreements and other service agreements in compliance with the law,” the statement said. “The campaign works closely with campaign counsel to ensure strict compliance in this regard.

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 MY
 

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

DanAlexander21 LOL

DanAlexander21

DanAlexander21

DanAlexander21 say you're not taking a salary to make yourself look good but then do stuff behind the scenes. America wanted a business man for president, they got one

DanAlexander21 I’m sure f you checked every candidate and president you find they all do that !! Obama worth 500k a yr before presidency and now worth over 8 mil a yr after his presidency?🤷‍♂️🤷‍♂️🤔🤔🤔🤔🤔

DanAlexander21 I think it's crazy that people are sacrificing their values, morals and sense of decency/justice for this lawless and corrupt ,minority elected, Putin puppet. RemoveTrump

DanAlexander21 attacking the free press, violating immigrants human rights and right to due process, violating campaign finance laws and dereliction of duty. RemoveTrump

DanAlexander21 Knowingly committing treason by conspiring with foreign countries, advocating political violence and insurrection, abuse of power, engaging in reckless conduct, persecuting political rivals. RemoveTrump

DanAlexander21 Impeachable offenses on a weekly basis all of which there is overwhelming evidence of. Obstruction of justice/witness intimidation, profiting from the presidency(emoluments both foreign and us)...RemoveTrump

DanAlexander21 So ? Emphasis on the word donor.

DanAlexander21 Sure he has ;)

DanAlexander21 I bet the maga crowd doesn’t even realize their hard-earned money is going back in realDonaldTrump’s pockets. Hahaha! Sad.

DanAlexander21 Queue the backlash for reporting facts from Trump supporters

DanAlexander21 so in the u.s you can take donated election campaign money and invest in private business? where i live this is called larceny and it's a crime.

DanAlexander21 Slush fund

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines