Trump Using Campaign Loophole To Funnel Millions Into Presidential Run - Ring of Fire

[TexasTowelie]

Campaign finance experts are raising concerns about Donald Trump funneling millions of dollars from his existing political action committees into his new MAGA Inc PAC. This was entirely predictable (and we said this would happen weeks ago), as the new PAC is the only one that can be used to fund a Trump presidential run, and he's now funneled close to $30 million from his existing PACs into the new one. Ring of Fire's Farron Cousins explains what's happening.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

If you had any doubt that Donald Trump was in fact going to run for president again in 2024, then let me go ahead and make sure that you don't doubt it after this segment. Couple weeks ago we talked about the fact that Donald Trump had formed a new political action committee set up slightly differently from the other ones that he has set up, and it's called Make America Great Again Incorporated on which, by the way, Trump lawyer, Alina HaBO, was recently promoted to the Board of Advisors and the Make America Great again Incorporated Political action committee is unlike his other two Super pacs, able to be used to fund a Donald Trump run for office. That is the only difference, by the way, between the MAGA Inc. And his say, Save America Pack. The Save America Pack. He can spend that money on just about anything he wants, but he cannot use it to run for office himself.

So he did exactly what we predicted when we first talked about this story a couple weeks ago. According to new reports, Donald Trump has funneled about $30 million from his other political action committees into the mag in Pack $30 million. And nobody knows yet just what he is gonna do with it. But because of the way our campaign finance laws are written, there is a loophole that 100% allows him to do it. There's a couple legal experts out there that are kind of saying, Well, we don't know if it's completely legal. It is, and even if it wasn't completely legal, do you think that FEC is gonna do anything about it? Like they don't do anything about anything. They can have the most glaring violation of the law sitting right in front of their face and they're not gonna do anything. Maybe they'll issue a fine and then say, just try not to do it again.

So until he announces of course, officially that he is running for President, Trump is able to funnel as much money from his two existing packs into the new pack. Once he announces he is running for president, that's when that loophole closes and he can no longer just freely transfer money between the political action committees and by transferring the 30 million prior to the midterms, he of course is able to say, Listen, I'm transferring this money in case I need to give it out to any candidates out there. You know, we got a week to go. I wanna make sure that everything is okay and my, my brothers and sisters out there don't need any money. But if they do, I got it over here. I got their backs. I hate to say it's a brilliant plan, but it is a brilliant plan. It's a brilliant plan, not just because he's gonna get away with it, but because the FEC is just gonna let it happen. It's not because he's sneaky

And doesn't think anybody notices, it's just that the people who are supposed to notice don't give a so he can do whatever the hell he wants and he is gonna continue doing whatever the hell he wants, possibly even after he announces a run for president. But the only reason to cha to take money outta your other packs and put 'em in the MAGA ink pack is because that money can be used to run for office yourself. If he actually wanted to give money to struggling Republican candidates out there, there's nothing stopping him from doing that with his current packs. He's just very greedy and isn't spending much of that money at all helping anybody other than of course paying his own businesses.