Wealthy donors now allowed to give over half a million dollars each to support Trump's reelection

[RandySF]

Donors to President Trump’s reelection are now permitted to give nearly $600,000 per year, boosting the president’s ability to raise money from wealthy supporters months before the general election contest begins in earnest.

Under an agreement announced Wednesday by Trump Victory, a joint fundraising committee for the Trump campaign and the Republican National Committee, a single donor can give as much as $580,600 this year to support Trump’s reelection — higher than the committee’s previous caps on contributions.

That means the Republican National Committee’s biggest contributors could end up having shelled out as much as $1.6 million to support Trump’s 2020 reelection over the course of the four-year election cycle, according to a Washington Post analysis.

Trump has raised and spent more money than his predecessors, and this change is expected to give him a further fundraising advantage. Trump entered 2020 with nearly $200 million in cash, party officials said — a huge war chest that outstrips the resources of his Democratic opponents as they head into primary contests.




https://www.washingtonpost.com/politics/2020/01/15/wealthy-donors-now-allowed-give-over-half-million-dollars-each-support-trumps-re-election/

[JDC]

1. And this is exactly how we got here. Get the money out of politics

[brooklynite]

2. Just to be clear, the Democrats do the same...

This is known as a combined campaign: what the donor is doing is giving to Trump ($5600), the RNC ($35,500) and 22 State Committees (variable contribution rates).