Former President Donald Trump’s allies are creating a new political action committee (known in English as “Super PAC”) that will be the main means of pouring funds into the November elections and that could be a crucial part of his campaign infrastructure if he decides to run as a presidential candidate in 2024.
The election campaign committee without the usual restrictions, called MAGA Inc., will replace the existing Super PAC, the online newspaper Politico reported. Documents for the new committee were filed Friday with the Federal Election Commission. MAGA stands for Make America Great Again, which has been Trump’s motto since the start of his political career.
Trump is under pressure on several fronts. The Justice Department is conducting a criminal investigation into hundreds of confidential documents found at his Mar-a.Lago estate in Palm Beach, Florida, and state and federal officials are investigating his attempts to overturn the 2020 election result he won. Democrat Joe Biden.
This week, New York State Attorney General Letitia James launched a civil lawsuit accusing Trump and the company that bears his name of decades of fraudulent accounting to mislead banks.
The midterm elections, on November 8, are less than two months away, when many Republican candidates are struggling to raise funds to campaign against well-funded Democrats.
“President Trump is committed to saving America, and Make America Great Again, Inc. will ensure that is achieved at the ballot box in November and beyond,” said spokesman Taylor Budowich, who will be executive director of the organization. group.
Other members of the committee will be Republican strategist Chris LaCivita, pollster Tony Fabrizio, and communications advisers Steven Cheung and Alex Pfeiffer.
Until now, PAC Save America — which is subject to much stricter fundraising and spending rules and is also under investigation — has been his main political vehicle. Super PACs can raise funds without limits and spend them freely, but cannot have direct coordination with campaigns.
The former president is notoriously tight with his own money, and his officials have refused to say how much he plans to spend in the November election or how much he intends to transfer from his Save America PAC, which ended in August with more than $90 million in its coffers. The Associated Press reported that his aides are discussing moving at least some of those funds to a new or revamped Super PAC, though financial experts disagree on the legality of such a transfer.
Source: El Nuevo Herald