NYT: Trump Is Scrambling To Raise Campaign Money

The New York Times reports:

As many as three nights a week, Donald J. Trump has been hosting private dinners at Mar-a-Lago, schmoozing with some of the Republican Party’s biggest financiers as he races to address a sizable cash shortfall against President Biden. Despite years of professing massive wealth and boasting of his desire to “drain the swamp,” the deeply transactional former president is leaning yet again on the cash of others, turning Mar-a-Lago into a staging ground for billionaires.

potential leverage point with the biggest G.O.P. financiers is the package of tax cuts Mr. Trump signed into law in 2017. Many of those cuts expire at the end of 2025, and Mr. Biden has vowed not to extend them for the nation’s highest earners. Mr. Trump is preparing to face an especially large avalanche of Democratic spending this year. Just a single union this week announced plans to spend $200 million, ten times what the main Trump super PAC had on hand.

Read the full article.

“But some top donors remain hesitant. Among their privately expressed concerns is a fear that large donations could wind up covering Mr. Trump’s legal fees, even as his advisers have publicly said the R.N.C. won’t do so.” https://t.co/RU9CNafbIK

— Peter Elkind (@peterelkind) March 16, 2024

“Mr. Trump’s main super PAC has, as of January, refunded more than $47 million of the $60 million it had received before the 2024 run began to Mr. Trump’s PAC, which is paying Mr. Trump’s lawyers.”

— Peter Elkind (@peterelkind) March 16, 2024