Donald Trump’s reelection campaign has now shifted $1.3 million of campaign funds into his businesses, according to a new report from Forbes.
The analysis shows that the president, despite bragging about using his own money during his 2016 primary campaign, hasn’t contributed a dime of his own cash.
Instead, Forbes finds that Trump is essentially profiting from his reelection campaign.
More from the eye-opening report:
Donald Trump has charged his own reelection campaign $1.3 million for rent, food, lodging and other expenses since taking office, according to a Forbes analysis of the latest campaign filings. And although outsiders have contributed more than $50 million to the campaign, the billionaire president hasn’t handed over any of his own cash. The net effect: $1.3 million of donor money has turned into $1.3 million of Trump money.
In December, Forbes reported on the first $1.1 million that President Trump moved from his campaign into his business. Since then, his campaign filed additional documentation showing that it spent another $180,000 at Trump-owned properties in the final three months of 2018.
None of this seemed likely when Donald Trump first got into politics. “I don’t need anybody’s money,” he announced on the day he launched his 2016 campaign, standing inside the marble atrium at Trump Tower. “I’m using my own money. I’m not using the lobbyists. I’m not using donors. I don’t care. I’m really rich.”
Trump is profiting from the presidency
The fact that Trump is already profiting from his reelection bid more than a year before the 2020 election would be stunning if it wasn’t so predictable.
After all, Trump may now be pulling in money from his campaign, but he and his business have been profiting from the presidency over the past two years, too.
Whether it’s the tens of thousands of dollars Mar-a-Lago receives from the Secret Service, the money he pockets from lobbyists and GOP aides staying at his D.C. hotel or the $1.5 million his RNC paid to his properties during the 2018 campaign, Trump has been raking it in since he took office.
Trump may have been bragging in recent days about donating his salary to the Department of Homeland Security, but his repeated use of the federal government and his presidential campaign as a piggy bank has more than made up for it.
Sean Colarossi currently resides in Cleveland, Ohio. He earned his Bachelor of Arts degree in Journalism from the University of Massachusetts Amherst and was an organizing fellow for both of President Obama’s presidential campaigns. He also worked with Planned Parenthood as an Affordable Care Act Outreach Organizer in 2014, helping northeast Ohio residents obtain health insurance coverage.