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The Trump Files
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Campaigning is a business for Trump.
Donald Trump keeps raising the rent on his own campaign’s Trump Tower office so he can pocket it
As Donald Trump’s campaign expenditures continue to rise, most of the money hasn’t been going into heavy-rotation television ads, or hiring as many new staffers as a general election campaign needs, or anywhere it seemingly should. It’s raised questions as to whether Trump may be simply funneling the money back to himself, and it’s sent observers poring through his latest FEC filings to see what they can uncover. As it turns out, Trump keeps raising the rent on his own campaign’s headquarters so he can indeed pocket the money.
Donald Trump’s campaign headquarters are located within the Manhattan building he owns and resides in, Trump Tower. Back in May the campaign paid $72,800 in rent for the space. But by June that number had risen to $110,684. And in the latest disclosures from July, the rent has been raised all the way to $169,758, more than double what it had been just two months earlier. Kevin Earley dug up the numbers in Trump’s FEC filings and figured out the pattern.
That rent increase alone doesn’t begin to explain where all the campaign money is going. But as the newly released and lengthy July filings continued to be pored over, this particular detail may be indicative of how Donald Trump is funneling the money that has been donated to his campaign back to himself. The FEC has detailed rules aimed at trying to prevent this kind of profiteering, but it’s not entirely clear whether price-gouging yourself for the use of your own facilities is a violation of the letter of the law, or merely the spirit of the law.
But as Trump continues to give off the appearance that he’s now mailing it in and perhaps using the remainder of the election to finance his inevitable media venture, it’s worth looking more closely at just how Trump may be funneling campaign donations back to his own personal coffers.
Donald Trump keeps raising the rent on his own campaign’s Trump Tower office so he can pocket it
As Donald Trump’s campaign expenditures continue to rise, most of the money hasn’t been going into heavy-rotation television ads, or hiring as many new staffers as a general election campaign needs, or anywhere it seemingly should. It’s raised questions as to whether Trump may be simply funneling the money back to himself, and it’s sent observers poring through his latest FEC filings to see what they can uncover. As it turns out, Trump keeps raising the rent on his own campaign’s headquarters so he can indeed pocket the money.
Donald Trump’s campaign headquarters are located within the Manhattan building he owns and resides in, Trump Tower. Back in May the campaign paid $72,800 in rent for the space. But by June that number had risen to $110,684. And in the latest disclosures from July, the rent has been raised all the way to $169,758, more than double what it had been just two months earlier. Kevin Earley dug up the numbers in Trump’s FEC filings and figured out the pattern.
That rent increase alone doesn’t begin to explain where all the campaign money is going. But as the newly released and lengthy July filings continued to be pored over, this particular detail may be indicative of how Donald Trump is funneling the money that has been donated to his campaign back to himself. The FEC has detailed rules aimed at trying to prevent this kind of profiteering, but it’s not entirely clear whether price-gouging yourself for the use of your own facilities is a violation of the letter of the law, or merely the spirit of the law.
But as Trump continues to give off the appearance that he’s now mailing it in and perhaps using the remainder of the election to finance his inevitable media venture, it’s worth looking more closely at just how Trump may be funneling campaign donations back to his own personal coffers.
I am not a fan of Trump. However this article fails to disclose the amount of space used by the campaign increased leading to the increased rent.
However I do agree it is inappropriate for the Trump campaign to rent space from a Trump owned business to start with.
In American history, some candidates have used presidential elections as a platform to increase their own businesses. I was seriously wondering why Trump would go for these elections as he should have known he would be put under severe scrutiny and could jeopardize his own fortune ( specially one based on debts).
But now, if it is for business reasons, then it makes sense and all hats to him.
He should then be careful to make peace as soon as possible with any politician he upsetted.
But now, if it is for business reasons, then it makes sense and all hats to him.
He should then be careful to make peace as soon as possible with any politician he upsetted.
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If the FEC were not public records, Trump would not have released these.
Now, as the rent of his properties are increasing thanks to the political campain, he could raise
the worth of these properties, and then he could take new loans on the increased worth of his properties.
Then he could raise his own worth, and then borrow more as he is worth more. Brilliant!!!!
It would be really instructive to have his tax returns for many years/decades: this would allow
to check the way he does business is as people suggest.
Now, as the rent of his properties are increasing thanks to the political campain, he could raise
the worth of these properties, and then he could take new loans on the increased worth of his properties.
Then he could raise his own worth, and then borrow more as he is worth more. Brilliant!!!!
It would be really instructive to have his tax returns for many years/decades: this would allow
to check the way he does business is as people suggest.
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Damn!!! This elections are really an eye opener for business! Who'd have thought????
Loans for election campaining ????!!!!!
When he said he was self-funding, he actually took out loans??????
I assumed he took the money from his own cash/bank accounts, but loans?
He really loves debts. The bigger debts the better?
When he said he was self-funding, he actually took out loans??????
I assumed he took the money from his own cash/bank accounts, but loans?
He really loves debts. The bigger debts the better?
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That could be probably true, as Trump's double-talk strategy for winning more voters may work well ultimately!
Sadly, double wrongs, Trump and too many 'smart' voters, could make a worst Right this time!
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