Now, why does this sound so familiar?
Courtesy of NYT:
President Trump has formed a so-called leadership political action committee, a federal fund-raising vehicle that will potentially let him retain his hold on the Republican Party even after he leaves office.
The move comes just days after the major news networks and newspapers, as well as The Associated Press, called the 2020 election for President-elect Joseph R. Biden Jr.
Such committees can accept donations of up to $5,000 per donor per year — far less than the donation limits for the committees formed by Mr. Trump’s campaign and the Republican National Committee — but a leadership PAC could accept donations from an unlimited number of people. It could also accept donations from other political action committees.
A leadership PAC could spend an unlimited amount in so-called independent expenditures to benefit other candidates, as well as fund travel, polling and consultants. Mostly, it would almost certainly be a vehicle by which Mr. Trump could retain influence in a party that has been remade largely in his image over the past four years.
On Monday night, fund-raising solicitations from the Trump campaign revealed that 60 percent of donations would be directed to the new entity, “Save America.”
A Trump campaign spokesman, Tim Murtaugh, said the committee had been in the works for a while.
“The president always planned to do this, win or lose,” Mr. Murtaugh said, “so he can support candidates and issues he cares about, such as combating voter fraud.”
For those of you who are having deja vu about SarahPAC I am right there with you.
And like SarahPAC this committee will have to share their tax information online which will allow all of us to track just how much money goes to actual candidates, and how much goes to “postage.”
I would bet that the majority of these donations will go right into Trump’s pocket one way or the other and that any donations to candidates will have plenty of strings attached.
I’m just interested to see how much money Trump will funnel into his legal fund to fight all of the upcoming lawsuits?