Trump solicits fund to settle election debts
Mandatory Credit: Photo by Evan Vucci/AP/Shutterstock (10434333bm) Donald Trump, Sauli Niinisto. President Donald Trump speaks during a meeting with Finnish President Sauli Niinisto in the Oval Office of the White House, in Washington Trump, Washington, USA – 02 Oct 2019

Meanwhile, Trump has set up a GoFundMe account tagged ‘election defence fund’ to solicit money for settling his election expenses.

The UK Guardian reports that Trump spent a little more money than he had for his re-election to the tune of $1.6 billion which he now needs help in repaying.

It said those donating may believe that the money would go towards challenging the election result but the newspapers found that part of the donations would be used in settling election expenses.

Donations can be made to two different funds – Trump’s personal fund, and his joint fund with his party.

READ ALSO: TRUMP BLOCKS BIDEN TRANSITION, SOLICITS FUND TO SETTLE ELECTION EXPENSES

“President Trump needs YOU to step up to make sure we have the resources to protect the integrity of the election!” the wording on both funds says, which is featured in a huge pop-up on Trump’s re-election webpage.

It continues: “Please contribute ANY AMOUNT IMMEDIATELY to the Official Election Defense Fund and to increase your impact by 1,000%!”

It is unclear who matches the donations.

On Trump’s personal fund, it dictates that of all donations raised, only 50 per cent will go towards a recount effort, and that “50% of each contribution, up to a maximum of $2,800 ($5,000), [will] be designated toward DJTFP’s 2020 general election account for general election debt retirement until such debt is retired”.

On his joint fund with the RNC, the donations work as follows: “60% of each contribution first to Save America, up to $5,000/$5,000, then to DJTP’s recount account, up to a maximum of $2,800/$5,000. [And] 40% of each contribution to the RNC’s Operating account, up to a maximum of $35,500/$15,000.”

Leave a Reply

Your email address will not be published.