Trump is imposing a hidden “tax” on his smallest donors to pay his legal fees, while letting his big money donors off the hook. Michael Popok examines how Trump has pushed the lion’s share of his $100 million plus attorneys fees and counting on to the backs of his smallest donors, as he plays games with whether he will use Republican National Committee funds —now controlled by his daughter in law—to pay his judgments and fees.
Donald Trump is about to be completely out of money - both personally and politically. A new report has revealed that Trump's main Super PAC spent an average of $230,000 per day for the month of February paying his legal fees, which is 50% more than they actually spent on campaigning. When combined with reports of Trump losing his donors at an alarming rate, this all spells disaster for him in the election. Farron Cousins explains what's happening. Link - https://www.thedailybeast.com/trumps-... Listen to our videos in an audio format by subscribing to our podcast: https://farronbalanceddaily.buzzsprou... Don't forget to like, comment, and share! And subscribe to stay connected! Connect with Farron on Twitter: https://twitter.com/farronbalanced
By Sarah Fortinsky
Michael Cohen — who long served as former President Trump’s personal lawyer and fixer — warned Sunday of the potential risk of sending Trump back to the White House with mounting legal fees and financial liabilities.
“We need to be very careful about him as a potential president because he is for sale,” Cohen, now an outspoken critic of the former president, said in an interview on MSNBC’s “The Weekend” on Sunday.
“He needs to figure out where he is going to raise $500-plus million over a short period of time,” Cohen continued.
Cohen’s warning comes as Trump, the leading 2024 GOP presidential candidate, was found liable Friday for nearly $355 million in penalties in a civil fraud case in New York that delivered a severe blow to his family business.
New York Attorney General Letitia James (D) sued Trump and his business in 2022, alleging the former president falsely altered his net worth on key financial statements to receive tax and insurance benefits. James also alleged that Trump sometimes adjusted his assets’ value to obtain more favorable loans and deals, which the state points to as evidence of fraud.
Last month, a federal jury in a different civil case ordered Trump to pay $83.3 million for defaming E. Jean Carroll, adding to the $5 million verdict in an earlier trial that found Trump liable for sexually abusing Carroll and defaming her in separate comments.
When MSNBC host Symone Sanders-Townsend suggested Trump “is open to the highest bidder at this point because the tab keeps being run up,” floating “the Saudis, the Russians,” as options, Cohen agreed.
“Thoroughly compromised, yes,” Cohen said.
Trump was also indicted in four criminal cases, two of which were brought by special counsel Jack Smith, with another each in Georgia and New York. The New York hush money case will be the first to go to trial, and jury selection is slated to start next month. Cohen has been a witness in that case.
Donald Trump speaks to supporters during a political rally while campaigning for the GOP nomination in the 2024 election at Erie Insurance Arena on July 29, 2023, in Erie, Pennsylvania. (photo: Jeff Swensen/AFP)
Save America has spent over $20 million on legal fees this year as the former president battles a string of criminal indictments
Save America money trouble isn’t surprising. The Washington Post reported over the weekend that the PAC would report it spent $40 million this year on legal fees amid Trump’s two criminal indictments, with more charges likely headed down the pike. On Monday, the New York Times added that Save America requested a $60 million refund of money it had ferried to another group supporting Trump’s candidacy, a sign that the legal fees are plunging the PAC into dire financial straits.
The filings on Monday only showed about $20 million in legal expenditures, about half of what had been reported, but it’s still plenty compared to the $16 million the PAC spent on fees across 2021 and 2022 combined. The most jarring comparison, however, is the $105 million Save America had in the bank at the start of last year, compared to the $3.6 million it has on hand at the moment. Yikes.
Trump is still a fundraising powerhouse. Save America and the former president’s campaign combined to bring in nearly $54 million in the first half of the year, far more than any of his competitors. They reported spending $57 million, though, which isn’t a great sign. Trump may figure he can keep raising money as he keeps getting indicted, using new criminal charges to spur donations from supporters he’s convinced he’s being persecuted, but as FEC whiz Rob Pyers points out on Twitter, there may be some diminishing returns here.
Trump’s PAC may be in financial trouble, but his campaign is thriving. A New York Times/Siena College poll released Monday found he’s leading the floundering Ron DeSantis by a whopping 37 percentage points. Trump will need to make it through more than just the Republican field if he wants to get back into the White House and use the power of the presidency to make his legal troubles go away, and another New York Times/Siena College poll released Tuesday shows Trump just about even with President Biden. However, the poll was conducted before Trump called Biden a “dumb son of a bitch” at a Pennsylvania rally on Saturday.
https://www.rsn.org/001/trumps-pac-is-just-about-broke.html
MASSACHUSETTS REPUBLICAN VOTER REGISTRATION IS AT A 70 YEAR LOW BECAUSE OF THE INCOMPETENT, UNQUALIFIED CANDIDATES THE MASS GOP IS SUPPORTING, THE RACIST ROBOCALLS & ATTACK ADS AND THE LACK OF A COHERENT PLATFORM.
JIM LYONS SUPPORTED RACIST ROBOCALLS & UNTRUE ATTACK ADS AGAINST THE DEMOCRAT WHO UNSEATED HIM.
REPUBLICANS: IS IT TIME TO WAKE UP?
– “Mass. Republican Party explored whether it can use its own money to pay for a candidate’s legal fees,” by Matt Stout, Boston Globe: “The Massachusetts Republican Party, which has struggled mightily to raise cash in recent years, asked state campaign finance regulators last month if it can use its own money to pay attorney fees for a Republican candidate facing ‘legal actions’ brought by a state agency, according to documents made public late last week.”
The Massachusetts Republican Party, which has struggled mightily to raise cash in recent years, asked state campaign finance regulators last month if it can use its own money to pay attorney fees for a Republican candidate facing “legal actions” brought by a state agency, according to documents made public late last week.
It wasn’t immediately clear whose legal bills the party could be seeking to help pay. A letter that David W. Carr, the party’s attorney, sent the Office of Campaign and Political Finance in mid-May did not identify a particular candidate, and Carr wrote that the request for an opinion regarded “expenditures that may or may not be made.”
The party specifically asked if it can tap its own legal defense fund to pay costs for a candidate who is facing “legal actions initiated by a state administrative or law enforcement agency,” according to a copy reviewed by the Globe.
Republican Party chairman Jim Lyons, state Senator Ryan Fattman, and Stephanie Fattman, the Worcester County Register of Probate and Ryan Fattman’s wife, were each referred to Attorney General Maura Healey’s office in April by the state campaign finance office, which said it had evidence they and others may have violated various campaign finance laws last year.
Lyons and the Fattmans have denied breaking any laws. A spokeswoman for Healey’s office said it’s still reviewing the case.
Neither Lyons nor a Republican Party spokesman returned requests for comment Friday about the request to campaign finance regulators. Ryan Fattman also did not return a call or email.
The party’s letter inflamed tensions within its already deeply divided state committee, where some leaders say they were unaware the party was exploring paying for a lone candidate’s legal costs. The party has been roiled by internal clashes for weeks, including calls for Lyons to resign over for his handling of anti-gay remarks made by a fellow Republican.
The party’s question on paying legal fees is a novel one, campaign finance officials said. William C. Campbell, the agency’s director, said it’s never been asked by party officials before if they can use its own legal defense fund to pay for a candidate’s legal costs.
His answer also was clear: No, it can’t — though a candidate can set up his or her own fund, which the state party could then help manage, according to a June 8 letter he sent in response to Carr’s request.
Both political parties and candidates are allowed to register legal defense funds with the state regulators. They can raise unlimited sums of money, including from businesses, through the accounts and spend the money to “defend against a criminal matter” or pay fees related to a civil lawsuit, according to state regulations.
But, Campbell wrote, “there is no reference in the statute to the possibility of a state party committee using an existing legal defense fund to pay legal defense costs for individual candidates.”
The GOP’s request to Campbell’s office appeared to catch some party leaders off-guard. Patrick Crowley, the party’s treasurer, declined comment Friday, saying he was not aware of the advisory opinion, nor was he “the one who asked the question.”
Amy Carnevale, a member of the party’s 80-member state committee, said Lyons did not reference the request at its meeting on Wednesday when she asked about spending in its legal defense fund, which has not reported raising any funds since late 2018.
Such accounts are not required to publicly disclose how they spend funds. But Carnevale said Lyons disclosed at Wednesday’s meeting that the party used money from the fund to help pay for Helen Brady’s successful court challenge to appear on last year’s ballot in the Ninth Congressional District. (Brady went on to lose her race against Representative William Keating, the Democratic incumbent, by 25 points.) Lyons “did not mention that it was used to assist any other candidates,” Carnevale said.
HELEN BRADY is a QANON WHACK-A-DING!
NO ONE WITH A BRAIN WOULD SUPPORT HER OR VOTE FOR HER EXCEPT THE OBEDIENT REPUBLICAN VOTERS! THIS IS AN EMBARRASSMENT!
REPUBLICANS: IT'S TIME TO DO YOUR HOMEWORK!
This from POLITICO:
Helen Brady, the Plymouth Republican running against Rep. Bill Keating, recently tweeted a medical study that has been cited by coronavirus conspiracy theorists, and confirmed her concern to POLITICO that the government could use a Covid-19 vaccine to insert medical information into a patient's skin. Conspiracy theories about the pandemic have derailed contact tracing efforts in other states, and further conspiracies about a vaccine could deter people from getting it once it becomes available.
“I think it’s a surprise to most of us,” she said of the party’s request for an opinion from the Office of Campaign and Political Finance.
The party has struggled to raise funds since Lyons was elected chairman in early 2019. It had just $112,404 in its state fundraising account at the end of May and another $87,782 in a federal account as of the end of April, according to its most recent data filings. The $1.9 million the state party raised during 2019 and 2020 through its federal fundraising account was the lowest for a two-year cycle in more than a decade.
The party’s financial situation appears so dire, a group of former party leaders wrote in a letter Thursday, it has failed to raise enough to “even stage a reasonable convention, much less support candidates for office.”
State Representative Shawn Dooley, a state committee member who unsuccessfully challenged Lyons for the chairman role in January, said Lyons never informed the full state committee that the party was weighing whether it could spend money on someone else’s legal costs.
“It’s kind of a slap in the face,” the Norfolk Republican said. “With everyone that’s running, the fact that he’s [considering] using this money for one particular person, we’re having a hard enough time raising money as it is. The fact that he’s willing to do that is very troubling.”
Lyons has been under fire in recent weeks for not forcefully condemning Deborah Martell, an elected Republican leader who told a GOP congressional candidate she was “sickened” that he and his husband had adopted children together.
The incident has damaged Lyons’s standing in the party, with 29 of 30 Massachusetts House Republicans calling on him last week to speak out against Martell or resign. Still, at Wednesday’s meeting, there was no concerted effort to strip him of his leadership role, which would require a two-thirds vote of the committee. Lyons was reelected as chairman in January with 39 votes out of 75 cast, and he still has the support of much of the committee, fellow Republicans said.
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