Why is Trump stockpiling so much cash? [View all]
Business leaders and wealthy donors are surrendering to President Donald Trump’s demands for more money, and his team said it expects to amass an eye-popping $500 million by summer.
According to Axios, Trump is hoarding cash partly because he doesn’t want his second administration to be seen as a lame duck, even though he’s constitutionally prohibited from running again. Of course, the fundraising efforts will benefit Trump first and foremost. With half a billion dollars in his coffers, Trump could surely continue wielding control over the GOP, using the money to punish his dissenters.
“The money is just pouring in at Mar-a-Lago. Trump doesn’t have to lift a finger. Everyone’s coming to him,” one anonymous Trump adviser told Axios. The adviser added that Trump’s team is “on track” to raise $500 million by June. “It’s sort of a target but it’s just a realistic projection of what’s happening.”
The money is feeding into several accounts, including Trump’s inauguration fund, the MAGA Inc. super PAC, the Securing American Greatness nonprofit, the Republican National Committee, and the fund for Trump’s future presidential library.
https://www.dailykos.com/stories/2025/1/21/2297105/-Why-is-Trump-stockpiling-so-much-cash
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