Fri. Dec 27th, 2024

The Cash-Strapped Trump Campaign Is Trying to Get Away With a New Donor Loophole<!-- wp:html --><p>Photo Illustration by Elizabeth Brockway/The Daily Beast/Getty</p> <p><a href="https://elink.thedailybeast.com/click/27767573.1527/aHR0cHM6Ly93d3cudGhlZGFpbHliZWFzdC5jb20vbmV3c2xldHRlcnM_bmV3c2xldHRlcj1wYXktZGlydCZ2aWE9bmV3c2xldHRlciZzb3VyY2U9cGF5ZGlydA/626aca728535a3423d06e706B0f1754b9"><em><strong>Pay Dirt</strong></em></a><em><strong> is a weekly foray into the pigpen of political funding. Subscribe </strong></em><a href="https://elink.thedailybeast.com/click/27767573.1527/aHR0cHM6Ly93d3cudGhlZGFpbHliZWFzdC5jb20vbmV3c2xldHRlcnM_bmV3c2xldHRlcj1wYXktZGlydCZ2aWE9bmV3c2xldHRlciZzb3VyY2U9cGF5ZGlydA/626aca728535a3423d06e706C0f1754b9"><em><strong>here</strong></em></a><em><strong> to get it in your inbox every Thursday.</strong></em></p> <p>Campaign donor refunds have been a part of political finances since modern contribution limits were first instituted in 1972. But just over 50 years later, <a href="https://www.thedailybeast.com/keyword/donald-j-trump">Donald Trump</a>’s political operation seems to have found a novel workaround, with the campaign reporting just one individual refund—for $400—over the entirety of last year.</p> <p>To date, the Trump campaign has reported only $1,400 in refunds since November 2022, according to Federal Election Commission filings—a jaw-droppingly low amount for a frontrunner presidential campaign. For context, President <a href="https://www.thedailybeast.com/keyword/joe-biden">Joe Biden</a>’s campaign refunded its supporters about $360,000 last year, with another <a href="https://docquery.fec.gov/cgi-bin/forms/C00703975/1758523/">$222,000</a> last month alone. In 2019, the year before the last presidential election, the Trump campaign returned more than $900,000 to its donors, racking up more than $11 million in refunds the following year.</p> <p><a href="https://www.thedailybeast.com/the-cash-strapped-trump-campaign-is-trying-to-get-away-with-a-new-donor-loophole">Read more at The Daily Beast.</a></p><!-- /wp:html -->

Photo Illustration by Elizabeth Brockway/The Daily Beast/Getty

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Campaign donor refunds have been a part of political finances since modern contribution limits were first instituted in 1972. But just over 50 years later, Donald Trump’s political operation seems to have found a novel workaround, with the campaign reporting just one individual refund—for $400—over the entirety of last year.

To date, the Trump campaign has reported only $1,400 in refunds since November 2022, according to Federal Election Commission filings—a jaw-droppingly low amount for a frontrunner presidential campaign. For context, President Joe Biden’s campaign refunded its supporters about $360,000 last year, with another $222,000 last month alone. In 2019, the year before the last presidential election, the Trump campaign returned more than $900,000 to its donors, racking up more than $11 million in refunds the following year.

Read more at The Daily Beast.

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