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View Full Version : Cubs co-owner takes over President Donald Trump's re-election fundraising




Zippyjuan
02-03-2019, 12:27 PM
https://sports.yahoo.com/cubs-co-owner-takes-president-donald-trumps-re-election-fundraising-035439004.html

While Trump has claimed his campaigns are all "self funded" he has been having fundraisers almost since the day he was sworn in and already has a record of over $130 million in funds for 2020. Some Republicans complained that Trump was drawing away funds from their own efforts at fundraising and that they did not benefit from shared appearances.


The Republican National Committee announced Friday that Chicago Cubs co-owner Todd Ricketts will oversee the fundraising for President Donald Trump’s re-election campaign in the 2020 presidential election.

Ricketts’ official title will be finance chairman of the Trump Victor Committee, a joint venture between the RNC and Trump’s campaign.

“I am honored to continue to support President Trump and the Republican Party through the Trump Victory Committee,” Ricketts said in a statement per the Chicago Sun-Times. “As we head toward 2020, I will work to ensure President Trump and his campaign have the resources they need to fight for the American people.”

Ricketts is the son of TD Ameritrade founder Joe Ricketts and a member of a billionaire family that has wielded much influence in the Midwest, particularly with Ricketts’ brother Pete serving as the current governor of Nebraska. The family purchased a majority stake in the Cubs in 2009.

Ricketts has served as the RNC as its finance chair since Jan. 2018, though he has also made his own contributions to political causes, including an ad praising Supreme Court nominee Brett Kavanaugh’s strong moral character. He received the RNC position after withdrawing his name from consideration for the position of deputy commerce secretary in the Trump administration due to an inability to divest from his financial holdings.

It’s quite a turnaround that Ricketts is now running Trump’s fundraising given that his family fought Trump’s bid for the Republican nomination in the 2016 primary. The family, excluding Todd’s sister Laura, initially supported then-Wisconsin governor Scott Walker, they also made smaller donations to Jeb Bush, Ted Cruz, Marco Rubio and Lindsey Graham. They also helped fund an anti-Trump super PAC called Our Principles.

That activity drew the ire of Trump, who called out the Ricketts by (misspelled) name and threatened to expose some skeletons in the family’s closet.

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Of course, that hatchet has since been buried. That started with a $1 million contribution to Trump’s campaign once he won the Republican nomination.


https://www.huffingtonpost.com/entry/trump-fundraising-for-himself_us_5c54cba5e4b0871047537723


“Most presidents help raise money for candidates,” said Al Cardenas, once the state Republican Party chairman in Florida and a close ally of the Bush family. “Is there really justification to suck all the oxygen out of the room so quickly?”

Trump did donate $2,000 each to 106 House and Senate candidates in July, but with House campaigns today often costing millions of dollars, those were of token benefit at best. Trump could have, had he wanted, spent far more money on “independent expenditures” to benefit candidates in tight races, had he done so without coordinating with the campaign in question.

He did not, however, and instead most of the money he raised went toward fundraising costs, staging rallies around the country and selling Trump-branded campaign gear. Hundreds of thousands more went to Trump properties that he personally profits from ― $150,167 in the final three months of 2018 to Trump Tower alone, where he rents office space from himself.

“He had all the money in the world,” Wilson said, adding that some of that could have made the difference in races that were lost by thousands or even hundreds of votes. “I’m not surprised that he wouldn’t and he didn’t.”

Zippyjuan
02-03-2019, 12:31 PM
https://thehill.com/homenews/campaign/427972-fec-trump-campaign-owes-treasury-dept-over-1-million-in-travel-expenses


FEC: Trump campaign owes Treasury over $1 million in travel expenses

The Trump campaign owes the Treasury Department over $1 million in travel expenses, according to a new filing released by the Federal Election Commission (FEC) Thursday.

The filing reveals that the campaign owed the government an estimated $1,006,954 and is still indebted to other organizations for smaller amounts regarding event staging, video production services and other miscellaneous expenses. It owes a total of $1,035,597.62.

The Trump campaign did not immediately respond to a request for comment from The Hill.

The campaign also said it raised about $21 million in the last three months of 2018, bringing its total fundraising so far for Trump's reelection to $129 million.

In total, Trump's reelection committee finished 2018 with $19.3 million cash on hand.

“This is a true testament to President Trump’s fulfillment of his promises made to the forgotten men and women of America,” Michael Glassner, chief operating officer for the campaign, told The Washington Post.

The campaign boosted its spending to $23 million in the final quarter of 2018, much of it aimed at boosting midterm candidates.

Trump started fundraising for his reelection effort almost immediately after taking office. Former President Obama did not headline his first reelection fundraiser until after halfway through his first term, and former President George W. Bush raised about $268,423 in his first two years in office, according to Bloomberg News.

oyarde
02-03-2019, 12:39 PM
The Oyarde Victor Committee is also taking cash donations .