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☆ The Biden-Trump Plan to Cut Social Security
▼ + stars: | 2023-04-13 | by ( David Mcintosh | ) www.wsj.com time to read: 1 min

“I guarantee you I will protect Social Security and Medicare without any change. Guaranteed,” Mr. Biden said in March. Mr. Trump has said: “I will do everything within my power not to touch Social Security, to leave it the way it is.” A pro-Trump super PAC launched an ad attacking Florida Gov. The Biden-Trump position may sound like a pledge to protect Social Security, but it isn’t. The law “without any change” requires a huge benefit cut in 10 years.

☆ Clarence Thomas' billionaire benefactor Harlan Crow has also spent thousands boosting Ted Cruz, Marco Rubio, and an anti-Trump super PAC
▼ + stars: | 2023-04-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

They include Marco Rubio's 2016 presidential campaign, major Senate campaigns, and an anti-Trump PAC. The Texas billionaire also gave $50,000 in 2015 to "Right to Rise," a super PAC associated with Jeb Bush. Senate super PAC spendingIn addition to being a major super PAC spender at the presidential level, Crow has given thousands to outside spending groups supporting the party's Senate candidates over the years. He also gave $50,000 to "Show Me Values PAC," a super PAC set up to prevent the scandal-plagued former Gov. And in 2016, he gave $55,000 to "Let America Work," a super PAC boosting Sen. Ron Johnson against former Democratic Sen. Russ Feingold.

☆ Trump's camp is trying to force Ron DeSantis to resign and formally declare a 2024 run, accusing the governor of 'taxpayer-funded globetrotting'
▼ + stars: | 2023-04-11 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Ron DeSantis of running an unofficial 2024 campaign. In an email, the Trump campaign said DeSantis is engaging in "taxpayer-funded globetrotting." Ron DeSantis, accusing him of "taxpayer-funded globetrotting." An email from the Trump campaign on Monday accused DeSantis of not formally declaring a 2024 run, and using his salary as governor to fund unofficial campaign travels. The Trump campaign also said DeSantis is trying to go on international trips to "score some last-minute foreign policy credentials for his 2024 presidential campaign," further accusing the governor of "taxpayer-funded globetrotting."

☆ Pro-Ron DeSantis super PAC says it raised $30 million in recent weeks
▼ + stars: | 2023-04-03 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

A super PAC urging Florida Gov. Ron DeSantis to run for president in 2024 has raised $30 million since its launch less than a month ago, an official with the group told CNBC on Monday. None of that money was transferred to the super PAC from another fundraising entity, said the official, who requested anonymity to discuss the group's internal numbers. A pro-Trump super PAC has also accused DeSantis of waging an illegal "shadow presidential campaign" by acting like a candidate without launching a bid. The Trump campaign said it raised more than $5 million since the former president was indicted, NBC News reported.

☆ Trump touts Twitter poll from '@catturd2' showing him with a big lead over Ron DeSantis
▼ + stars: | 2023-03-27 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +4 min

Trump touted a Twitter poll conducted by "@catturd2" showing him with a strong lead over DeSantis. The poll, conducted by the pro-Trump Twitter user "@catturd2," claims to show Trump with a strong lead over Florida Gov. Ron DeSantis ahead of the 2024 race. "You'll see some numbers that are incredible," Trump told the crowd at the rally. —MAGA War Room (@MAGAIncWarRoom) March 27, 2023Shortly after MAGA Inc. reposted the poll, @catturd2 quoted the tweet and wrote, "HAHAHA."

☆ DeSantis said he doesn't really know what Trump's 'Ron DeSanctimonious' nickname means: 'It's got a lot of vowels'
▼ + stars: | 2023-03-22 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

DeSantis says he "doesn't know how to spell" Trump's nickname for him, Ron DeSanctimonious. "I don't really know what it means," DeSantis told Piers Morgan. Ron DeSantis said he doesn't really know what former President Donald Trump's nickname for him, "Ron DeSanctimonious," means. "I don't really know what it means, but I kinda like it, it's long, it's got a lot of vowels. "I mean you can call me whatever you want, just as long as you also call me a winner," DeSantis told Morgan.

☆ A Trump super PAC filed an ethics complaint accusing Ron DeSantis of reaping 'personal financial gain' from his 'lucrative book tour'
▼ + stars: | 2023-03-16 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Trump's Make America Great Again super PAC has filed an ethics complaint against pro-DeSantis PACs. Trump's team wants the Florida ethics commission to investigate if DeSantis' book tour was "unlawful." This ethics complaint kicks off the official dispute between Trump's camp and DeSantis' supporters. Make America Great Again Inc., a Trump-aligned super PAC, filed a complaint with the Florida ethics commission on Wednesday. "An investigation by the Florida Ethics Commission must occur as soon as possible."

☆ Trump super PAC accuses Ron DeSantis of 'shadow' presidential bid in ethics complaint
▼ + stars: | 2023-03-15 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

A pro-Trump super PAC on Wednesday said it is filing an ethics complaint against Florida Gov. Ron DeSantis, accusing him of waging a "shadow presidential campaign" in violation of state ethics and election laws. "Governor DeSantis knows, or should know, that his shadow presidential campaign is illegal under federal election law, Florida ethics laws prohibiting illegal gifts from political committees, and Florida ethics laws prohibiting illegal lobbying payments," it said. The Florida ethics commission did not provide a comment on the letter. Five of the nine members of the Florida ethics commission were appointed by DeSantis, including Chairman Glenton Gilzean, to whom the letter is addressed.

☆ Trump extends lead over DeSantis in new poll of possible GOP primary field
▼ + stars: | 2023-03-15 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Ron DeSantis, who will likely start as the former president's top competitor in the 2024 Republican presidential primary if he runs, according to a poll of a potential GOP field released Wednesday. Quinnipiac University's latest survey of Republican and Republican-leaning voters found Trump winning 46% of support in a hypothetical GOP primary field, with DeSantis receiving 32%. That's a welcome change for Trump, who held just a 6-percentage-point lead over DeSantis in Quinnipiac's February poll of the prospective primary field. None of the 11 other candidates in the poll's hypothetical GOP primary field received more than 2% of the remaining support. Quinnipiac found that larger shares of registered voters have negative views than hold positive views of Biden, Trump, DeSantis, Pence and Haley.

The disclosure by the Friends of DeSantis group, which was formed to back DeSantis' campaigns in Florida's 2018 and 2022 gubernatorial elections, points to it having about $80 million in the bank at the end of last month. read moreFriends of DeSantis' bank account puts DeSantis on a similar financial footing as Trump, who unlike DeSantis has formally launched a 2024 presidential campaign. Trump and an allied Super PAC he has financed reported having close to $80 million across several fundraising accounts at the end of 2022. The Friends of DeSantis group, which is registered in Florida to support DeSantis' gubernatorial campaigns, would also be unable to legally finance a presidential run by DeSantis. Friends of DeSantis said in its disclosure that it has raised $222 million since its founding, including $9.9 million in February, and has spent $140 million.

☆ Democratic Sen. Cortez Masto urges FEC to require campaigns to send illegal contributions to Treasury
▼ + stars: | 2023-02-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Sen. Catherine Cortez Masto, D-Nev., center, her husband Paul, and Sen. Mazie Hirono, D-Hawaii, are seen in the U.S. Capitol on Wednesday, November 16, 2022. Sen. Catherine Cortez Masto, D-Nev., is calling on the Federal Election Commission to require campaigns to send illegal campaign contributions to the U.S. Treasury instead of refunding the money to the original donor. Cortez Masto's call for the new FEC rule comes after numerous foreign donors and companies have been caught making illegal campaign donations. Still, as Cortez Masto points out, the fine could have limited impact on Zekelman as there is expected to be a full refund of the illegal contribution. Though Cortez Masto does not mention cryptocurrency exchange FTX or its co-founder Sam Bankman-Fried in her letter, his contributions to campaigns could come under the same scrutiny by the FEC if it enacted such a rule.

☆ Trump's fundraising for presidential bid gets off to modest start
▼ + stars: | 2023-02-01 | by ( Jason Lange | ) www.reuters.com time to read: +3 min

Tuesday's filings with the Federal Election Commission suggest that Trump's fundraising was also sluggish, leaving him with a far smaller war chest than the more than $100 million Save America had on hand through early 2022. But the Save America group that served as his main fundraising arm was registered to fund other campaigns, not Trump's own. Last year Save America transferred some $60 million to a pro-Trump Super PAC group which is expected to support his presidential run. He also faces a series of legal risks, including a possible investigation into hush money payments to porn star Stormy Daniels during his 2016 presidential campaign. Most of that money was raised through another Trump fundraising group called the Trump Save America Joint Fundraising Committee, which reported having an additional $3.8 million in the bank at the end of the year.

☆ Republicans said they chose Trump's DC hotel out of convenience. They've spent almost nothing there since he sold it.
▼ + stars: | 2023-01-20 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

GOP officials, politicians and PACS spent millions at Trump International Hotel in DC. Insider corroborated its findings through examining FEC spending records. The Trump International Hotel, housed in DC's famed Old Post Office building, closed its doors in May last year, and reopened as the Waldorf Astoria a couple of weeks later. Workers remove the signage for the Trump International Hotel on Wednesday, May 11, 2022. Since the start of Trump's presidency, GOP figures spent around $2.5 million at the hotel while he owned it, FEC records show.

☆ Meet the megadonors backing the Trump super PAC as some top donors opt out of supporting 2024 candidacy
▼ + stars: | 2022-12-11 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

Yet, the latest disclosure, which shows fundraising for the super PAC from Oct. 20 through Nov. 28, also lists nine other individual contributions totaling over $900,000. Wealthy businessman Timothy Mellon contributed $1.5 million to the super PAC on Oct. 5, according to the records. This small group of megadonors arrived in support of the super PAC just prior to other influential financiers deciding they will not back Trump's 2024 candidacy for president. During Trump's first run for the White House in 2016, Pate financed the anti-Trump super PAC We The People Foundation. Anthony Lomangino, a recycling mogul, donated $100,000 to the super PAC on Nov. 4.

☆ GOP megadonor Mercer family has no plans to boost Trump's 2024 campaign as former president loses more allies
▼ + stars: | 2022-11-18 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Robert Mercer and Rebekah Mercer attend the 2017 TIME 100 Gala at Jazz at Lincoln Center on April 25, 2017 in New York City. Rebekah Mercer gave nothing to any pro-Trump group or Trump campaign entity during his last run for president, according to the filings. The 2016 Trump campaign then reportedly used that data to conduct some digital advertising. The Trump campaign paid Cambridge Analytica over $5.9 million for its services during the 2016 election cycle, according to the nonpartisan OpenSecrets. The pro-Trump super PAC funded in part by Robert Mercer also paid Cambridge Analytica just over $5.6 million that cycle, OpenSecrets says.

☆ Private equity is ready to make moves as the economy sours, but its approach to dealmaking might be different than in years past
▼ + stars: | 2022-11-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

When the going gets tough, PE gets going. Insider's Casey Sullivan and Rebecca Ungarino examined one segment of Wall Street that is primed to take off despite an economy that has left almost everyone hurting. The big question is where will PE firms look to deploy capital. How long PE firms resist those types of deals still remains to be seen, though. People who left Wall Street for crypto aren't second guessing themselves.

☆ Blackstone CEO Steve Schwarzman says he won't support Donald Trump in the 2024 presidential primary
▼ + stars: | 2022-11-16 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Blackstone CEO and GOP megadonor Steve Schwarzman says he won't support Donald Trump in 2024. Schwarzman and his wife donated $3 million to a Trump super PAC in 2020. The billionaire joins other prominent Republicans who say they will not support Trump's bid. Schwarzman and his wife, Christine Hearst Schwarzman, are Republican party megadonors. Schwarzman had previously criticized the January 6 Capitol rioters and did not support Trump's false claims that he had won the 2020 election.

☆ A pro-Trump super PAC made illegal contributions to the president's reelection campaign, a watchdog group says
▼ + stars: | 2020-12-18 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +5 min

The nonpartisan Campaign Legal Center accused s uper PAC Our American Century spent illegally large sums of money to redistribute Trump campaign political advertisements. uper PAC Our American Century spent illegally large sums of money to redistribute Trump campaign political advertisements. The Campaign Legal Center accused Our American Century of spending up to $251,000 to redistribute an existing Trump campaign video while failing to reveal the super PAC — not the Trump campaign — bankrolled the ad blitz. A representative for the Trump campaign, which is not accused in the complaint of wrongdoing, also could not be reached. Scenes from the Federal Election Commission headquarters located at 1050 First St. NE Friday Sept. 21, 2018.

☆ Sorry, Biden backers. President Donald Trump actually has more campaign cash now than 4 years ago
▼ + stars: | 2020-09-10 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +10 min

President Trump's campaign ended July with $120 million, about three times more than the roughly $39 million it reported at this point in 2016. This doesn't cost Trump's campaign anything but helps get his message to voters. In addition to the Trump campaign, the Republican National Committee and several pro-Trump super PACs have planned heavy spending before Election Day. The Trump campaign ended July with more than $120 million, compared with about $99 million for Biden. Some areas of Trump campaign spending have even dropped from 2016 to 2020.

☆ Meet the GOP's biggest Hollywood donors
▼ + stars: | 2020-08-26 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +13 min

America First Action, the most notable super PAC backing President Donald Trump, has directly criticized Hollywood. Donors from Hollywood-area ZIP codes also rank among the most generous donors to key Republican senators, including Lindsey Graham of South Carolina and Marco Rubio of Florida. 3 donor ZIP code in the nation, trailing only ZIP codes in Houston and Palm Beach, Florida, which is home to his Mar-a-Lago Club resort. Bill Pugliano/Getty ImagesTrump continues to profit from HollywoodIn messages to supporters this year, Trump has decried "liberal HOLLYWOOD donors" and "MEGA HOLLYWOOD DONORS," while his son Donald Trump Jr. has castigated the "Hollywood Elite." As president, Trump's pension earned him more than $84,000 in 2017, about $91,000 in 2018, and about $78,000 in 2019, his personal financial disclosures showed.

☆ Trump's most important 2016 donor is sitting out 2020
▼ + stars: | 2020-07-24 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +20 min

Robert and Rebekah Mercer ranked among President Donald Trump's most influential backers in 2016. A representative for Priorities USA Action, a leading pro-Biden super PAC, said the organization wasn't underestimating Trump's reelection forces, Mercers or no Mercers. (Bossie, like former Trump campaign manager Corey Lewandowski and many others, has recently found himself back in Trump's favor.) The Cambridge Analytica data that the Trump campaign paid for was "so stupidly wrong" and a "complete joke," Spicer added. But sources familiar with the Mercers' political spending said they have no evidence that the Mercers are doing so.

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