Sunday, May 28, 2023

Trump aides form new fundraising committee

Former President Donald Trump’s aides are creating a new Political Action Committee (known in English as “Super PACs”) that will be the main tool for pumping money into November’s elections and if he decides it will. Could be an important part of their campaign infrastructure. To run as a presidential candidate in 2024.

The election campaign committee, called MAGA Inc., will replace the existing Super PAC without the usual restrictions, reports online newspaper Politico. Documents for the new committee were filed with the Federal Election Commission on Friday. MAGA stands for Make America Great Again, which has been Trump’s motto since the beginning of his political career.

Trump is under pressure on many fronts. The Justice Department is criminally investigating hundreds of confidential documents found at his Mar-A.Lago estate in Palm Beach, Florida, and state and federal officials are probing his attempts to reverse the 2020 election result he won. Democrat Joe Biden.

This week, New York State Attorney General Letitia James launched a civil lawsuit accusing Trump and the company that names him of decades of fraudulent accounting to mislead banks.

There are less than two months left for the November 8 midterm election, when several Republican candidates are struggling to raise money to campaign against the well-funded Democrats.

“President Trump is committed to saving America, and Make America Great Again, Inc. will ensure that is achieved at the ballot box in November and beyond,” said spokeswoman Taylor Budovich, the organization’s executive director.

Other members of the committee will be Republican strategist Chris LaCavita, pollster Tony Fabrizio and communications advisers Steven Cheung and Alex Pfeiffer.

Until now, Pac Save America – which is subject to very strict fundraising and spending rules and is under investigation – has been their main political vehicle. Super PACs can raise funds without limits and spend them independently, but cannot coordinate directly with missions.

The former president is notorious with his own money, and his officials have declined to say how much he plans to spend in November’s election or how much he wants to transfer from his Save America PAC, which ended August with over $90 million. in its treasury. The Associated Press reported that their partners are discussing the possibility of moving at least part of those funds to a new or reformed Super PAC, though financial experts disagree on the legality of such transfers.

World Nation News Desk
World Nation News Desk
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