Checks and imbalances: the Trump question

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Welcome to the Checks & Imbalances newsletter. Today, we take an in-depth look again at the biggest story in money and politics: Donald Trump.


Trump’s company has now received more than $100,000 in campaign money from the Arizona gubernatorial candidate

Jhe campaign for Arizona gubernatorial candidate Kari Lake has now spent at least $108,000 on the former president’s properties.

In April and May, the lake campaign dropped $18,000 at Mar-a-Lago for “event expenses,” according to a campaign report filed Friday. Lake’s campaign had previously been among the biggest spenders at Trump properties, according to a analysis of federal and state campaign disclosures.

Trump endorsed Lake, a former news anchor for Fox’s Phoenix affiliate, in September. House Minority Leader Kevin McCarthy (R-Calif.) and former football player Herschel Walker, a Georgia Senate candidate, have also spent more than $100,000 in campaign money on Trump businesses. The former president also endorsed them.

Lake’s campaign fundraising director did not respond to a question about a connection between spending and approval. “It’s called a fundraiser, and we overtook everyone in the race,” Lisa Dale said. “What do you want from these properties? Give us their services for free? That would be illegal and far more outrageous than just paying our bills when they come due. fundraising at other properties? Because anything with the word Trump in it gets more clicks. We know how the game is played.”

Voting in the Arizona primary ends August 2. Poll shows Lake with single-digit lead on his nearest opponent.

Spokespersons for the Trump Organization did not respond to requests for comment.

Previously: “Trump-endorsed candidates have pumped at least $1.4 million into his companies”


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In case you missed it


What happens to Trump’s $101 million war chest if he announces he’s running for president?

“Former President Donald Trump has raised money since losing the 2020 election. His leadership PAC, a group called Save America which he formed in November 2020, has raised nearly $130 million “, reports Kyle Mullins:

The moment he declares another presidential run, however, Trump’s grip on that money will loosen. Exactly how much control he will lose is an open question — depending on how willing the former president is to push the limits of campaign finance and how willing the Federal Election Commission is to rein him in.

Leadership PACs like Save America are often used by politicians to raise money for others seeking higher positions. So far, Trump’s group, which had $101 million as of May 31, has spent much of its money on things that look like traditional campaign spending: buying ads, booking trips and organizing of gatherings. If Trump announces he is running for president again, most experts say those costs should be paid for by his official campaign committee, not Save America. “The goals of leadership PACs are not for them to be used as an alternate campaign committee on behalf of the presidential candidate,” said Ann Ravel, former Democratic commissioner of the FEC. Karl Sandstrom, another Democrat who previously served as commissioner of the FEC, agreed: “If you’re running nationally, how do you pretend none of that? [spending] is in favor of your own election?


Eric Trump joins his family as he leaves New York, declaring Florida his official residence

Eric Trump changed his official residence from New York to Florida in March, following in his father’s footsteps, according to a declaration of domicile filed with the Palm Beach County Clerk’s Office.

Last April, Eric and his wife Lara landed a $3.2 million, five-bedroom home near Trump National Golf Club, Jupiter. Although purchase attracted attention, the fact that Eric has officially changed his residence does not seem to have been reported before. “Yes, that’s correct,” the former president’s son, who helps oversee the Trump Organization, confirmed in an email. “I’m out of New York. I rented my apartment, moved my family, put my kids in a new school in Florida.

Florida does not levy state income tax, unlike New York, which taxes its highest income at 8.82%.

Donald Trump, a lifelong New Yorker, changed his state of residence to Florida in 2019, tweeting “My family and I will make Palm Beach, Florida our permanent home. I cherish New York and the people of New York, and always will, but sadly, despite paying millions of dollars in city, state, and local taxes every year, I’ve been treated very badly by the rulers. policies of both the city and the state.

Don Jr. officially declared himself a resident of Florida in December 2021, followed by his younger brother three months later.


Trump urges golfers to join Saudi-backed LIV tour: ‘Take the money’

“Former President Donald Trump voiced his wholehearted support for LIV Golf in a post on his Truth Social social media platform Monday afternoon, calling on all golfers to join him amid growing criticism. of Trump regarding his involvement with the Saudi-funded rival on the PGA Tour,” Derek Saul reports:

All golfers should “take the money now” and leave the PGA Tour to join LIV Golf, Trump wrote.

Trump will host two of the series’ eight tournaments in 2022 at his country clubs, including an event at his Trump National Golf Club Bedminster in New Jersey next week.

Trump asserted that golfers should be proactive before the “inevitable MERGER” occurs between the two golf tours, which has not been offered at this point.

Those who remain on the “very disloyal” PGA Tour will end up “paying a heavy price,” Trump wrote.


Asset Tracking

Forbes continues to update “Tracking Trump: An Overview of All Lawsuits and Investigations Involving the Former President”. Among the latest developments: The Secret Service informed the House committee on January 6 that they had no additional text messages to deliver.

In lieu of flowers, the Trump family has requested that the mourners honor Ivana Trump’s memory with donations to Big Dog Ranch Rescue. The group usually organizes two of its biggest fundraisers at Trump properties. Big Dog Ranch Rescue IRS Filings for 2017 to 2020 do not mention any major in-kind contributions of the Trump Organization.

  • “Members of the Republican Study Committee thanked former Vice President Mike Pence for his courage on Jan. 6 and offered encouraging words about 2024, per attendees. Pence, however, said he was focused on helping the House GOP win midterms and offered to campaign for them.”, tweeted Melanie Zanona from CNN on Wednesday. A little over a year ago, the Republican study committee met at a Trump golf course in New Jersey (a state none of them represented).
  • “Rumor of Trump’s media deal reportedly leaked months in advance” (The New York Times)
  • “9/11 Families Blast Trump Invitation to Saudi-backed Golf Tour” (The Associated Press)
  • “3 of Trump’s top senatorial picks – Dr. Oz, Herschel Walker and J.D. Vance – are in deep trouble despite a favorable 2022 midterm climate for the GOP” (Initiated)
  • “The lawsuit claims Trump’s attorney called AG ‘That Black B*tch'” (The daily beast)

Editor’s Choice

  • “Federal and state candidates who attended Jan. 6 protests draw millions in donations but face mixed election results” (Open Secrets)
  • “Amazon CEO Andy Jassy breaks up with Bezos” (The New York Times)
  • “A Republican congressman who wants the government to spend more money on defense just bought stock in two defense contractors” (Initiated)
  • “A Republican senator who helps oversee military policy just sold up to $100,000 worth of stock in defense contractor Lockheed Martin” (Initiated)
  • “Oyster Bay residents charged with $27 million investment fraud scheme and selling foreign nationals access to prominent U.S. politicians” (justice department)
  • “The FEC has questions about how a PAC supporting Blake Masters discloses its expenses” (The Arizona Mirror)
  • “Senate Democrats’ campaign arm sees Roe rise and outperforms his GOP counterpart in the second quarter” (ABC News)
  • State lawmakers passed abortion bans. These companies sent checks.” (Popular information)
  • “The People’s GOP Money Problem” (Axios)
  • “Ohio Senate Candidate Vance Asks Donors to Help Pay Debts” (Call)
  • Nebraska governor makes big donation to eliminate Greitens’ (Politico)
  • “Senator Markey’s Advisor Moves to Families USA” (LegiStorm)
  • “Senator Wicker LA Heads to Health Care Lobby Team” (LegiStorm)
  • “Wild’s rep moves to life sciences lobby group” (LegiStorm)
  • “Manchin’s aid has become an accomplice business” (The lever)
  • “Paladino’s campaign loan gives him a solid financial lead over Langworthy” (The Buffalo News)
  • “Sarah Palin linked to builder who allegedly bribed Trump administration” (The daily beast)
  • “Wealthy space entrepreneur who pushed for exploration of aliens and beyond donates $10 million to DeSantis” (CNN)
  • “Resources for Finding Donors to Black Money Political Groups” (Number one)

In conclusion

You might have laughed if I had told you

You may have hid your frown

You may have managed to change me

I may have been turned

It’s easier to leave than to be left behind

Leaving was never my pride

Leaving New York, never easy

I saw the light go out

REM, “Leaving New York”

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