The Super-Rich People Backing the Trump Agenda – Public Citizen

North America Democracy

Donald Trump’s allies have put together a sprawling political operation that continually collects money from major donors, many of whom have interests before the Trump administration.Six groups funded by dozens of ultra-wealthy donors have raised more than $50 million to support President Donald Trump and his agenda since his inauguration, a sharp reversal from his three-year-old pledge to be independent from moneyed interests, a Public Citizen analysis (PDF) has found.It’s a sharp contrast with Trump’s first run for office, which was famously dysfunctional. Our analysis of Federal Election Commission data found that since the start of 2017, the six pro-Trump groups had raised $54.4 million from 136 megacontributors who donated at least $100,000 each, with an average contribution of nearly $400,000.The money has been used to promote Trump’s agenda through ads and support Republican candidates.These six groups, including America First Action and Trump Victory, are fueled with contributions from corporate CEOs, largely from the gambling, finance, real estate and energy sectors, as well as from dark money groups that do not disclose their donors.We analyzed contributions by the six largest groups used by big-money donors to support Trump and Vice President Mike Pence from January 2017 to mid-October 2018. The analysis excludes Trump’s official campaign committee, which is subject to the federal $2,700 cap on individual donations.As the 2020 election season gets underway, the report highlights the growing influence of Trump’s fundraising operation and provides further evidence that moneyed interests, rather than the working class, are the true beneficiaries of Trump’s presidency.With significant contributions from the gambling, finance, real estate and energy sectors, Trump’s bogus claim to be a populist president looking after the common man rings ever hollower.Here’s a look at where the big Trump money is coming from:

Source: The Super-Rich People Backing the Trump Agenda – Public Citizen


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