Donald Trump Is Promising His Ultra-Wealthy Donors Handouts and Favors – As Long As They Bring Their Checkbooks

As Donald Trump repeatedly promises tax giveaways for his ultra-wealthy donors while begging for campaign donations, DNC Rapid Response Director Alex Floyd released the following statement:

“Donald Trump has no problem selling out the country to the highest bidder, and has proven over and over that he’s ready to give his ultra-rich backers what they want. While Trump’s top concern will always be tax handouts and special favors for his wealthy donors at the expense of hardworking Americans, the Biden-Harris administration is building our economy from the bottom up and the middle out. Voters will remember where Trump’s priorities really stand when they choose President Biden and Vice President Harris over Trump and his extreme MAGAnomics agenda this November.”

Donald Trump has no problem selling out the country to the highest bidder, and has repeatedly promised his ultra-wealthy backers political favors while begging for campaign cash.

Washington Post: “Trump makes sweeping promises to donors on audacious fundraising tour”

“When Donald Trump met some of the country’s top donors at a luxurious New York hotel earlier this month, he told the group that a businessman had recently offered $1 million to his presidential effort and wanted to have lunch.

‘I’m not having lunch,’ Trump said he responded, according to donors who attended. ‘You’ve got to make it $25 million.’

“Another businessman, he said, had traditionally given $2 million to $3 million to Republicans. Instead, he said he told the donor that he wanted a $25 million or $50 million contribution or he would not be ‘very happy.’

“As he closed his pitch at the Pierre Hotel, Trump explained to the group why it was in their interest to cut large checks. If he was not put back in office, taxes would go up for them under President Biden, who vows to let Trump-era tax cuts on the wealthy and corporations expire at the end of 2025.

“Seconds after promising the tax cuts, Trump made his pitch explicit. ‘So whatever you guys can do, I appreciate it,’ he said.

“The remarks are just one example of a series of audacious requests by Trump for big-money contributions in recent months, according to 11 donors, advisers and others close to the former president, who spoke on the condition of anonymity to describe his fundraising. The pleas for millions in donations come as the presumptive Republican nominee seeks to close a cash gap with Biden and to pay for costly legal bills in his four criminal indictments.

“Trump sometimes makes requests higher than his team expects to receive, sometimes surprising his own advisers because he is asking for so much money. By frequently tying the fundraising requests within seconds of promises of tax cuts, oil project infrastructure approvals and other favorable policies and asking for sums more than his campaign and the GOP can legally accept from an individual, Trump is also testing the boundaries of federal campaign finance laws, according to legal experts.

“In one recent meeting staged by his Save America super PAC, Trump asked oil industry executives to raise $1 billion for his campaign and said raising such a sum would be a ‘deal’ given how much money they would save if he were reelected as president.

“Trump has met with an assortment of real estate, legal, finance, oil and other business executives in recent months, according to people familiar with invitation lists. He has often promised agenda items they would like passed as part of his broader fundraising pitch, and sometimes has asked allies to bundle millions or more, according to people close to the former president.

“In the days following the recent meeting with oil industry donors, executives discussed whether it would even be possible to meet Trump’s $1 billion request, according to four people in the oil industry familiar with the discussions.

“But they are trying. Trump has repeatedly pressured oil magnate Harold Hamm to raise significant money for him, telling Hamm that he is ‘behind’ and ‘needs the money,’ according to a person familiar with the outreach. Hamm had an event for Trump in Texas on Wednesday, where the price of admission was about $250,000 for oil executives, according to people familiar with the matter.

“The meeting stretched for many hours, attendees said, and included photos with the top donors. At the fundraiser, he promised to cut taxes on corporations and give oil executives an array of policies they wanted and said he was being outraised by the Democrats and the unions, asking the crowd to ‘be generous, please.’

“‘So give me some of your money,’ he said, drawing laughs. ‘True. I’m begging for your money.’

“At another event, Trump told the group that if they wanted a picture with him and did not have one, then they needed to give more.

“He also held a fundraiser at the home of Kentucky coal baron Joe Craft earlier in May, according to a person with knowledge of the event.

“Trump has regularly joked with donors and advisers that he doesn’t spend more than 10 minutes with someone if the person doesn’t give $10 million, according to people who have heard the comments. He also has complained about some of his billionaire friends not giving enough.

“In Florida earlier this month, the crowd seemed stunned after Trump offered the stage to anyone who would cut a $1 million check, according to people present. He kept asking people to come forward, according to audio of the event. Then two people took him up on the offer. The limit to contributing to the RNC and the campaign — the entities hosting the event — was less than $1 million.

“At a meeting with financial titans in Palm Beach earlier this year, he asked the group what regulations they viewed as the most onerous, according to a person who attended.”