Trump Has Now Shifted $1.3 Million Of Campaign-Donor Money Into His Business
Donald Trump has charged his own reelection campaign $1.3 million for rent, food, lodging and other expenses since taking office, according to a Forbes analysis of the latest campaign filings. And although outsiders have contributed more than $50 million to the campaign, the billionaire president hasn’t handed over any of his own cash. The net effect: $1.3 million of donor money has turned into $1.3 million of Trump money.
None of this seemed likely when Donald Trump first got into politics. “I don’t need anybody’s money,” he announced on the day he launched his 2016 campaign, standing inside the marble atrium at Trump Tower. “I’m using my own money. I’m not using the lobbyists. I’m not using donors. I don’t care. I’m really rich.”
At first, he acted like it, spending $50 million of his own money from April 2015 to June 2016. But the following month, when he was officially named the Republican nominee for president, his financing model changed. From July to November of 2016, outsiders contributed $234 million while Trump put up just $16 million.
Remember when Trump promised he would not take any corporate or billionaire money and thus would not be enslaved to special interests?