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turbinetree

(24,710 posts)
Sun Aug 16, 2020, 04:15 PM Aug 2020

Trump's Policies Are a Boon to the Super Rich. So Where Are All the Seven-Figure Checks?

Only a small fraction of the president’s top donors from 2016 have given as much to his re-election effort.

By Glenn Thrush, Rebecca R. Ruiz and Karen Yourish
Aug. 16, 2020
Updated 3:21 p.m. ET

Timothy Mellon, reclusive heir to a Pittsburgh banking fortune, was such an unknown figure among Republican operatives that they needed to Google his name when he reached out in 2018, unexpectedly, to offer his help in the midterm elections.

The staff of the Congressional Leadership Fund quickly discovered this was no middling donor: Mr. Mellon planned to give $10 million — with the suggestion that he wanted to contribute more to the party at a later date, according to two people with knowledge of the exchanges.

This April, Mr. Mellon gave another $10 million, this time to President Trump’s super PAC, America First Action, the only Trump-endorsed fund-raising group permitted to collect unlimited contributions. The donation instantly transformed Mr. Mellon, a septuagenarian investor who would sometimes communicate by fax, into the president’s biggest political benefactor of 2020.

Mr. Mellon’s millions would be a big deal in any cycle, but the gift was especially welcome for this incumbent this year. The fact that an outsider like Mr. Mellon has emerged as one of the few supporters willing to be so generous illustrates a surprising problem for the president: his struggle to attract and retain a reliable stable of millionaires and billionaires willing to write seven-figure checks, despite his takeover of the Republican Party and a policy agenda that largely serves the interests of America’s ultrawealthy.

Kitty Bennett and Susan Beachy contributed research.

https://www.nytimes.com/2020/08/16/us/politics/trumps-campaign-big-donors.html?action=click&module=Top%20Stories&pgtype=Homepage

This asshole is getting money from some other sources..................this Citizens United crap needs to be looked at again................

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Trump's Policies Are a Boon to the Super Rich. So Where Are All the Seven-Figure Checks? (Original Post) turbinetree Aug 2020 OP
I'll settle for some of that "trickle down" stuff. LakeArenal Aug 2020 #1
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