Tags: 2020 Elections | Donald Trump | pac | gop | fundraising | republicans

Trump to Form New PAC in Hopes of Retaining Grip on GOP

closeup of trump wearing a suit with one hand near his ear
President Donald Trump (Chip Somodevilla/Getty Images)

By    |   Tuesday, 10 November 2020 10:41 AM

President Donald Trump is expected to form a political action committee in an effort to continue raising money and retain control of the Republican Party even if he leaves office.

The New York Times reported that the announcement of the so-called leadership PAC could come this week.

Mainstream news organizations called the election for Joe Biden on Saturday, but Trump has refused to concede, alleging election irregularities in several states, and has gone to court over the outcome. Newsmax has not called the race, instead waiting for the legal process to play out.

Meanwhile, the Times reported a leadership committee can accept up to $5,000 per donor per year. The figure is less than the donation limits for the committees formed by the Trump campaign and the Republican National Committee.

However, donations from an unlimited number of people can be accepted by a leadership PAC, according to the Times. In addition, it could also accept contributions from other PACs.

And the Times noted the new committee could spend unlimited amounts in so-called independent expenditures to help other candidates.

The newspaper claimed it would allow Trump to retain influence in the party.

“The president always planned to [form the PAC], win or lose,” campaign spokesman Tim Murtaugh said, “so he can support candidates and issues he cares about, such as combating voter fraud.”

Trump has already consolidated his control over the Republican Party, no matter what the final result is in the presidential race, because he performed far better than expected, Axios reported.

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President Donald Trump is expected to form a political action committee in an effort to continue raising money and retain control of the Republican Party even if he leaves office. The New York Times reported that the announcement of the so-called leadership PAC could come...
pac, gop, fundraising, republicans
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2020-41-10
Tuesday, 10 November 2020 10:41 AM
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