$111.7 million in the bank, but only $13.5 million in the tank: How Trump can and cannot use his political operation’s cash.
Trump formed a new campaign committee – Donald J. Trump for President 2024 – that will serve as the primary fundraising vehicle for his presidential bid, adding a new node to his sprawling political operation that already includes his leadership PAC, three joint fundraising committees, a PAC and four super PACs controlled by close Trump allies.
That political operation has raised more than $500 million since the 2020 presidential election and funneled millions of dollars from donors to cover legal bills or into the coffers of Jan. 6 rally organizers, OpenSecrets previously reported.
But most of the $111.7 million Trump’s political operation reported on hand as of Oct. 19 won’t be available to his reelection campaign.
But Soros and the Facebook Founder donated greater than $5000 to entities in the 2020 election and no one protested that.