{"id":1034024,"date":"2024-05-28T20:06:00","date_gmt":"2024-05-28T20:06:00","guid":{"rendered":"https:\/\/democrats.org\/?p=1034024"},"modified":"2024-05-29T00:08:12","modified_gmt":"2024-05-29T00:08:12","slug":"donald-trump-is-promising-his-ultra-wealthy-donors-handouts-and-favors-as-long-as-they-bring-their-checkbooks","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/donald-trump-is-promising-his-ultra-wealthy-donors-handouts-and-favors-as-long-as-they-bring-their-checkbooks\/","title":{"rendered":"Donald Trump Is Promising His Ultra-Wealthy Donors Handouts and Favors \u2013 As Long As They Bring Their Checkbooks"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

As Donald Trump repeatedly promises tax giveaways for his ultra-wealthy donors while begging for campaign donations, <\/em>DNC Rapid Response Director Alex Floyd released the following statement:<\/em><\/strong><\/p>\n\n\n\n

\u201cDonald Trump has no problem selling out the country to the highest bidder, and has proven over and over that he\u2019s ready to give his ultra-rich backers what they want. While Trump\u2019s top concern will always be tax handouts and special favors for his wealthy donors at the expense of hardworking Americans, the Biden-Harris administration is building our economy from the bottom up and the middle out. Voters will remember where Trump\u2019s priorities really stand when they choose President Biden and Vice President Harris over Trump and his extreme MAGAnomics agenda this November.\u201d<\/p>\n\n\n\n

Donald Trump has no problem selling out the country to the highest bidder, and has repeatedly promised his ultra-wealthy backers political favors while begging for campaign cash.<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump makes sweeping promises to donors on audacious fundraising tour\u201d<\/p>\n\n\n\n

\u201cWhen Donald Trump met some of the country\u2019s top donors at a luxurious New York hotel earlier this month, he told the group that a businessman had recently offered $1 million to his presidential effort and wanted to have lunch.<\/p>\n\n\n\n

\u201c\u2018I\u2019m not having lunch,\u2019<\/strong> Trump said he responded, according to donors who attended. \u2018You\u2019ve got to make it $25 million.\u2019<\/strong><\/p>\n\n\n\n

\u201cAnother businessman, he said, had traditionally given $2 million to $3 million to Republicans. Instead, he said he told the donor that he wanted a $25 million or $50 million contribution or he would not be \u2018very happy.\u2019<\/strong><\/p>\n\n\n\n

\u201cAs he closed his pitch at the Pierre Hotel, Trump explained to the group why it was in their interest to cut large checks. If he was not put back in office, taxes would go up for them under President Biden, who vows to let Trump-era tax cuts on the wealthy and corporations expire at the end of 2025.<\/strong><\/p>\n\n\n\n

\u201cSeconds after promising the tax cuts, Trump made his pitch explicit. \u2018So whatever you guys can do, I appreciate it,\u2019<\/strong> he said.<\/p>\n\n\n\n

\u201cThe remarks are just one example of a series of audacious requests by Trump for big-money contributions in recent months, according to 11 donors, advisers and others close to the former president, who spoke on the condition of anonymity to describe his fundraising. The pleas for millions in donations come as the presumptive Republican nominee seeks to close a cash gap with Biden<\/strong> and to pay for costly legal bills in his four criminal indictments.<\/p>\n\n\n\n

\u201cTrump sometimes makes requests higher than his team expects to receive, sometimes surprising his own advisers because he is asking for so much money. By frequently tying the fundraising requests within seconds of promises of tax cuts, oil project infrastructure approvals and other favorable policies and asking for sums more than his campaign and the GOP can legally accept from an individual, Trump is also testing the boundaries of federal campaign finance laws, according to legal experts.<\/strong><\/p>\n\n\n\n

\u201cIn one recent meeting staged by his Save America super PAC, Trump asked oil industry executives to raise $1 billion for his campaign and said raising such a sum would be a \u2018deal\u2019 given how much money they would save if he were reelected as president.<\/strong><\/p>\n\n\n\n

\u201cTrump has met with an assortment of real estate, legal, finance, oil and other business executives in recent months, according to people familiar with invitation lists. He has often promised agenda items they would like passed as part of his broader fundraising pitch, and sometimes has asked allies to bundle millions or more<\/strong>, according to people close to the former president.<\/p>\n\n\n\n

\u201cIn the days following the recent meeting with oil industry donors, executives discussed whether it would even be possible to meet Trump\u2019s $1 billion request, according to four people in the oil industry familiar with the discussions.<\/p>\n\n\n\n

\u201cBut they are trying. Trump has repeatedly pressured oil magnate Harold Hamm to raise significant money for him, telling Hamm that he is \u2018behind\u2019 and \u2018needs the money,\u2019<\/strong> according to a person familiar with the outreach. Hamm had an event for Trump in Texas on Wednesday, where the price of admission was about $250,000 for oil executives, according to people familiar with the matter.<\/p>\n\n\n\n

\u201cThe meeting stretched for many hours, attendees said, and included photos with the top donors. At the fundraiser, he promised to cut taxes on corporations and give oil executives an array of policies they wanted and said he was being outraised by the Democrats and the unions, asking the crowd to \u2018be generous, please.\u2019<\/strong><\/p>\n\n\n\n

\u201c\u2018So give me some of your money,\u2019 he said, drawing laughs. \u2018True. I\u2019m begging for your money.\u2019<\/strong><\/p>\n\n\n\n

\u201cAt another event, Trump told the group that if they wanted a picture with him and did not have one, then they needed to give more.<\/strong><\/p>\n\n\n\n

\u201cHe also held a fundraiser at the home of Kentucky coal baron Joe Craft earlier in May<\/strong>, according to a person with knowledge of the event.<\/p>\n\n\n\n

\u201cTrump has regularly joked with donors and advisers that he doesn\u2019t spend more than 10 minutes with someone if the person doesn\u2019t give $10 million<\/strong>, according to people who have heard the comments. He also has complained about some of his billionaire friends not giving enough.<\/p>\n\n\n\n

\u201cIn Florida earlier this month, the crowd seemed stunned after Trump offered the stage to anyone who would cut a $1 million check<\/strong>, according to people present. He kept asking people to come forward, according to audio of the event. Then two people took him up on the offer. The limit to contributing to the RNC and the campaign \u2014 the entities hosting the event \u2014 was less than $1 million.<\/strong><\/p>\n\n\n\n

\u201cAt a meeting with financial titans in Palm Beach earlier this year, he asked the group what regulations they viewed as the most onerous, according to a person who attended.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

As Donald Trump repeatedly promises tax giveaways for his ultra-wealthy donors while begging for campaign donations, DNC Rapid Response Director Alex Floyd released the following statement: \u201cDonald Trump has no problem selling out the country to the highest bidder, and has proven over and over that he\u2019s ready to give his ultra-rich backers what they […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1034024","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nDonald Trump Is Promising His Ultra-Wealthy Donors Handouts and Favors \u2013 As Long As They Bring Their Checkbooks - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/donald-trump-is-promising-his-ultra-wealthy-donors-handouts-and-favors-as-long-as-they-bring-their-checkbooks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-28T20:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-29T00:08:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/War-Room-Master-Image.png?w=1024\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/donald-trump-is-promising-his-ultra-wealthy-donors-handouts-and-favors-as-long-as-they-bring-their-checkbooks\/\",\"url\":\"https:\/\/democrats.org\/news\/donald-trump-is-promising-his-ultra-wealthy-donors-handouts-and-favors-as-long-as-they-bring-their-checkbooks\/\",\"name\":\"Donald Trump Is Promising His Ultra-Wealthy Donors Handouts and Favors \u2013 As Long As They Bring Their Checkbooks - 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