phrodeau
Literotica Guru
- Joined
- Jan 2, 2002
- Posts
- 78,588
Good news. Now people and corporations can influence Donald Trump with their contributions.
http://www.bloomberg.com/politics/a...nald-trump-to-seek-donations-to-fund-campaign
http://www.bloomberg.com/politics/a...nald-trump-to-seek-donations-to-fund-campaign
Money Matters
Donald Trump’s presidential campaign is building a finance operation that will raise money for the general election, two people familiar with the plan said.
The finance team will seek to raise money for the Trump campaign directly, as well as under the auspices of a joint fundraising committee, or JFC, with the Republican National Committee, once both sides settle on the terms of the venture.
“I’ll be putting up money, but won’t be completely self-funding, as I did during the primaries,” Trump told the Wall Street Journal in an interview confirming his decision.
Top aides suggested he would need to raise about $1 billion to take on expected Democratic opponent Hillary Clinton. The much-needed funds will come with certain political risk for Trump, whose political ascent was largely built upon his argument that he self-funds his campaign and therefore is not beholden to anyone.
"The fact of the matter is that if Trump’s campaign committee participates in a JFC, Trump is raising private funds—because his committee will receive a portion of the funds raised by the JFC," said Paul Seamus Ryan, deputy executive director of the Campaign Legal Center. "To the extent Trump is raising funds for a JFC, he’s not self-financing.
