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Nevilledog

(51,063 posts)
Wed Sep 15, 2021, 05:52 PM Sep 2021

Mercer family played bigger role in 2020 election than thought, giving nearly $20 million to...



Tweet text:
Brian Schwartz
@schwartzbCNBC
SCOOP: The Mercers, led by Robert & Rebekah Mercer, secretly gave nearly $20 million in 2020 to the dark money fund known as the Donors Trust.
It allowed them to bankroll conservative causes during the election without having to disclose who they financed

Mercer family played bigger role in 2020 election than thought, giving nearly $20 million to...
The Mercer family sent nearly $20 million to a dark money fund that lets donors to keep secret the ultimate destination of their contributions.
cnbc.com
8:57 AM · Sep 15, 2021


https://www.cnbc.com/2021/09/15/robert-mercer-family-gave-nearly-20-million-to-dark-money-gop-fund-during-2020-election.html


The wealthy family led by conservative megadonors Robert and Rebekah Mercer, whose money helped propel Donald Trump to victory in 2016, invested nearly $20 million last year into a GOP-friendly dark money fund that allows donors to keep secret the ultimate destination of their contributions.

The Mercers’ donation, delivered through their family foundation, went to the Donors Trust, according to a new 990 disclosure form. The hefty contribution reveals the Mercers played a much bigger role in financing groups during the 2020 election than previously known.

The Donors Trust takes the money it receives and funnels it to groups of their donors’ choosing. It does not legally have to publicly disclose who is giving to their group or where specific financiers targeted their donations.

It isn’t clear where the Mercers directed the Donors Trust to send their money. The Mercer Family Foundation finished the year with just more than $45 million worth of assets, according to the 990 form.

*snip*
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Mercer family played bigger role in 2020 election than thought, giving nearly $20 million to... (Original Post) Nevilledog Sep 2021 OP
Twenty million dollars straight into the garbage C_U_L8R Sep 2021 #1
"Donors Trust Laundromat and Car Wash. How may I direct your donation today?" tanyev Sep 2021 #2
I've said it before. We need a tax law that says Captain Zero Sep 2021 #3
Dark Money. How very Republican. Champp Sep 2021 #4
Ain't it, though? nt crickets Sep 2021 #7
She really does look like... orwell Sep 2021 #5
I think she looks like mac56 Sep 2021 #6
With a bit of Cruella deVille... jeffreyi Sep 2021 #9
no, Frankenstein's monster itself Celerity Sep 2021 #10
Please FakeNoose Sep 2021 #8

C_U_L8R

(44,996 posts)
1. Twenty million dollars straight into the garbage
Wed Sep 15, 2021, 05:58 PM
Sep 2021

No one will ever say they were particularly smart or good people.
Or wealthy, if they keep doing heinous shit like they have.

Captain Zero

(6,799 posts)
3. I've said it before. We need a tax law that says
Wed Sep 15, 2021, 06:27 PM
Sep 2021

If you donate more than 10k to any PAC or candidate, then you owe the same amount in taxes. Call it an influence surcharge.

So Mercers would also owe 20 million in taxes minus their 10k that was allowable..

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