Trump team announces $122 million war chest

Trump’s various political arms raised more than $51 million in the second half of the year, according to a statement from Trump’s Save America political action committee, which also claimed he had contributed more than $1. $.35 million to his favorite candidates and causes.

“President Donald J. Trump has built a political organization that continues to capture and define the future of the Republican Party,” his spokesman Taylor Budowich said in the statement. “There is no doubt that the MAKE AMERICA GREAT AGAIN (MAGA!) wave is about to crash midway through and continue into 2024.”

Trump’s executive committee, Save America, gave a total of $205,000 to dozens of candidates endorsed by the former president between July and December last year, according to its latest fundraising report filed Monday. Recipients of Trump’s contributions ranged from incumbents like Republican Sens. Florida’s Marco Rubio, Kentucky’s Rand Paul and Louisiana’s John Kennedy to insurgent GOP challengers like Harriet Hageman, who is running against Rep. Liz Cheney in Wyoming and received a $5,000 Save America contribution in December .

Save America also donated $1 million in July to the Conservative Partnership Institute, where its former chief of staff Mark Meadows is a senior partner, according to the new documents. The donation — which came after the House Select Committee was formed to investigate the Jan. 6 riot on Capitol Hill — is PAC’s largest contribution during the six-month period covered by the filing.

Trump’s super PAC, “Make America Great Again, Again!” spent just $476,577 between October and the end of 2021, according to the filing. (The super PAC was renamed from its previous iteration, the Make America Great Again political action committee, in October.) Most of that money was spent on running costs, a poll conducted by the longtime pollster Trump date, Tony Fabrizio, and several Trump allies who have contractual agreements. with the group, including former Florida Attorney General Pam Bondi and former US Ambassador to Germany Ric Grenell.

A Trump spokesperson did not immediately respond to a request for comment.

Fueled by larger donations from fewer donors, MAGA, Again! kicked off 2022 with around $9.5 million in its coffers, after raising $4.3 million in the last three months of 2021.

How Trump spends money

Although the former president began doling out endorsements — including to insurgent GOP candidates who challenge incumbent Republicans — as early as last February, he didn’t start spending much on the candidates and their causes only got started. in the second half of 2021.

As the midterm cycle heats up, Trump aides expect him to use his war chest for ads for candidates he has endorsed and to cover costs associated with his mega rallies, including it has hosted two so far this year – in Arizona and Texas.

So far, a notable share of Trump’s spending appears to have been pocketed by various aides and allies who remain in his orbit. Prior to its rebranding, the Make America Great Again PAC, for example, paid $30,000 to the Trump campaign’s top lawyer, Alex Cannon, in July alone. Another aide, Sean Dollman, was paid $130,000 by the same committee between July and December. Meanwhile, Trump’s Save America PAC has handed out year-end bonuses to some of its employees and paid the salaries of a small contingent of young aides who stay by its side at Mar-a-Lago.

Then there are expenses for attorney fees and legal advice. In the final six months of 2021, Trump’s post-presidency super PAC spent more than $1.7 million on legal fees, according to a CNN review of the group’s latest FEC report.

Since leaving office, Trump has built a network of campaign committees, including his primary fundraising vehicle, the Save America and Make America Great Again, Again! Steering Committee, which is led by the longtime Trump ally and former Florida Attorney General Pam Bondi.

Save America entered 2022 with $105 million in cash. A significant portion of its funds appears to have been spent on ads on Facebook, which has suspended Trump’s account on its platform until at least next January. From June to December, ad spend on Facebook ranged from $2 to over $16,000 in a single day.

Earlier today, Trump’s MAGA, Again! super PAC filed a report with federal regulators showing it raised approximately $10 million in the last quarter of 2021. This haul included a transfer of $5.725 million from MAGA Action, a now-defunct super PAC which had been led by Trump’s former campaign manager. Corey Lewandowski.

The committee spent $476,577 during the same period, most of which went to operational costs and polls conducted by former Trump campaign pollster Tony Fabrizio. His expenses also included $12,000 in event, catering and transportation costs to Trump’s Mar-a-Lago Estate and Golf Club in Palm Beach, Florida.

The cash position announced by Trump’s team on Monday far exceeds the cash reserves of the Republican National Committee, which said it started this year with $56.3 million remaining in the bank.

The RNC has helped underwrite some of the former president’s legal bills in recent months.

This story was updated with additional details on Tuesday.

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