Donald Trump has millions of stocks if he faces a second indictment

And Trump’s Save America political action committee began a substantial $ 31.1 million cash reserve this year as the former president faces a second U.S. Senate indictment and works to secure his position as a lasting force in to confirm Republican politics.

Sunday’s submission provides a snapshot of the continued financial support of Trump’s loyal support base. He formed Save America shortly after losing the election in November last year. Although his legal team’s allegations of fraud were thrown out in courts across the country, Trump aggressively sought new donations and urged his contributors to help fund his ‘election defense’.

But the first and largest cut in contributions went to Save America, an important tool for its post-presidential political activity. He can use the leadership PAC to donate to other candidates, as well as fundraisers and staff. Federal rules place few restrictions on the spending of leadership PACs, which can be warned by the rangers that politicians can become bad funds.

Save America spent little in the waning weeks of 2020, with just over $ 200,000 that would endorse merchant money on the online fundraising platform, WinRed, the documentation at the Federal Electoral Commission shows. The filings cover activities between November 24 and December 31.

Trump could face significant legal costs in the indictment that begins shortly after in the Senate. As CNN first reported, Trump suddenly lost his defense team with the departure of five attorneys over the weekend. By Sunday night, he announced that two new attorneys, David Schoen and Bruce L. Castor, Jr., would oversee his defense.
Trump names two new lawyers for indictment a day after his defense team collapsed

While Save America spent little in the last weeks of 2020, Trump’s campaign committee incurred millions of expenses. They included more than $ 4.4 million to about two dozen law firms, and more than $ 5 million in the ads that the campaign classified as retaliation costs.

Millions more could be available for Trump’s political operation as he works to expand his influence on the party.

His campaign account began in January with $ 10.7 million in outstanding cash and a little over $ 2.7 million in debt, according to the documentation. The Trump Make America Great Again Committee – a joint fundraising committee that included the Republican National Committee, Trump’s campaign and Save America – began the year with more than $ 59.8 million in its coffers – a portion of which would be earmarked be Trump’s new PAC.

Save America has already become part of Trump’s political infrastructure.

After a meeting last week with House minority leader Kevin McCarthy of California, Save America issued a statement stating that “President Trump’s popularity has never been as strong as it is today, and his endorsement means more. if possible any endorsement at any time. “

The PAC also conducted a poll on the prospects for the re-election of Wyoming Rep. Liz Cheney as part of an effort to pay the Republican back for the vote to accuse Trump, and to give a warning to other Republicans not to insult the former president.

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