Donald Trump’s Legal Woes Lead to Depletion of PAC Funds Over $101 Million
As former President Donald Trump faces mounting legal challenges, his legal fees have soared, impacting the finances of his political
As former President Donald Trump faces mounting legal challenges, his legal fees have soared, impacting the finances of his political action committee (PAC), Save America. Reports from the New York Times indicate that over $101 million has been funneled from the PAC to cover legal expenses for Trump and his associates since the start of 2022.
Save America, a leadership PAC established by Trump, now holds less than $4 million in cash reserves. The mid-year tax filings for PACs shed light on how presidential campaign funding is being utilized, and in this case, a substantial portion of Save America’s funds have been allocated to pending legal cases, rather than being invested in crucial campaign needs or political activities.
According to the PAC’s Federal Election Commission (FEC) filing for the first half of 2023, approximately $25 million was spent during that period, with a staggering $21.6 million directed towards legal fees.
PACs, being tax-exempt political organizations, are designed to raise and spend money to support or oppose candidates. However, they have limits on individual donations (capped at $5,000 per year) and cannot accept contributions from corporate or labor union treasuries.
In a peculiar development, the pro-Trump Super PAC, Make America Great Again Inc., returned $12.25 million out of the $13.1 million it raised in 2023 back to Save America. Described in federal campaign filings as a “refund,” this transfer is believed to be the largest on record in the history of federal campaigns, according to The New York Times.
As Trump’s legal battles continue to intensify, the financial strain on his political action committee persists, raising questions about the impact on his political activities and fundraising efforts.