Tag: federal election commission
Kissing Trump's Butt Paid Off Big For Corporate Donors

Kissing Trump's Butt Paid Off Big For Corporate Donors

Recent filings with the Federal Election Commission have revealed the scale of record-breaking corporate donations to the Donald Trump-JD Vance Inaugural Committee. Trump smashed his previous inaugural donation record of $107 million for his first presidency, raising more than twice as much, with 650 donors—140 of whom gave no less than $1 million. This includes the tech billionaires who ponied up and got VIP seats at the dreary event.

Trump’s top donor, Elon Musk, has benefited from his co-presidency, growing even wealthier while not worrying about conflicts of interest when it comes to protecting his companies and government contracts. Then there are individual billionaires, like crypto mogul Justin Sun, who has had his criminally fraudulent activities wiped away with help from large donations to Trump. But there are a whole lot of others filling up the swamp and wetting their beaks.

The crypto industry donated a total of $18 million to Trump’s inaugural committee, and has been one of the biggest winners so far. Trump courted cryptocurrency firms during his campaign, promising to make the United States the “crypto capital of the planet.”

Cryptocurrency exchange Coinbase, which dropped a cool $1 million on Trump, watched the Securities and Exchange Commission drop its lawsuit against them after Trump came into office. And Trump Deputy Attorney General Todd Blanche recently announced that the Justice Department’s unit that investigated cryptocurrency fraud-related crimes would be disbanded.

Companies with a large investment in the electronics market such as Apple, whose CEO Tim Cook gave $1 million to Trump, have received a respite from potentially crushing China tariffs on popular products like the iPhone, though Commerce Secretary Howard Lutnick said there’s a good chance that will change.

Intuit, maker of TurboTax, got more than their $1 million donation’s worth. Reports have indicated that the Trump administration plans on ending the IRS’s Direct File program. The move benefits tax-filing companies by eliminating the free filing option for Americans.

Pilgrim Pride, a poultry company owned by Brazilian meat conglomerate JBS, reportedly made the largest donation to Trump’s inaugural committee, $5 million. What did they get in return so far? Trump recently paused enforcement of the Foreign Corrupt Practices Act, a law that has allowed the U.S. to investigate and prosecute foreign corruption tied to America’s trade interests since 1977. JBS knows this law intimately, having already paid out more than a quarter of a billion dollars in criminal bribery charges under the FCPA.

And there is no end in sight for billionaires who want to make payments to Trump in some form or another. Major companies like Meta, Amazon, Tesla, and X, which all face ongoing government lawsuits, are settling cases, many of which are considered by critics to be baseless, with Trump himself.

Both Mark Zuckerberg’s Meta and Elon Musk’s X went so far as to settle long-standing, questionable lawsuits from Trump, with Meta sending $22 million to his presidential library and X sending another $10 million in settlement money.

At the same time Musk, whether or not he decides to step out of the political spotlight to try and repair the terrible branding effect he’s had on Tesla, is still reportedly ready to hand over $100 million to Trump-controlled super PACs.

With hundreds of billions of dollars in government contracts on the line, and many companies coincidentally linked to investors with names like Musk, Vice President JD Vance, and venture capitalist Peter Thiel, you don’t need to be Sherlock Holmes to connect the swampy dots in Trump’s White House.

Reprinted with permission from Daily Kos.

Outrage Over 'Bribery' As Trump Does Favors For Firms That Funded Inaugural

Outrage Over 'Bribery' As Trump Does Favors For Firms That Funded Inaugural

An analysis released Monday in the wake of new Federal Election Commission filings shows that the Trump administration has dropped or paused federal enforcement cases against at least 17 corporations that donated to the president's inaugural fund, an indication that companies' attempts to buy favor with the White House are already paying off.

In the new analysis, the watchdog group Public Citizen cross-references FEC data released Sunday with its own Corporate Enforcement Tracker, which documents companies facing federal cases for alleged wrongdoing.

Public Citizen found that corporations facing federal investigations or enforcement lawsuits donated a combined $50 million to President Donald Trump's inaugural committee. Trump raised a record sum of $239 million for his second inauguration, the new FEC filings show.

"Corporations facing federal lawsuits and investigations aren't giving millions to Trump's inauguration out of the kindness of their hearts," said Public Citizen researcher Rick Claypool. "They are trying to buy good will. And when you're a corporation under investigation or facing prosecution, that means the government dropping enforcement actions against you. In some cases, it may even mean receiving pardons in cases in which guilty pleas have already been entered, or retractions of settlements already entered into."

Bank of America, Capital One, Coinbase, DuPont, and JPMorgan are among the corporations that donated to Trump's inauguration and subsequently had federal enforcement cases dismissed.

Public Citizen noted that Google, which donated $1 million to Trump's inaugural committee, could benefit from the Trump Justice Department's decision during an ongoing antitrust case to scrap part of a "proposed breakup plan requiring Google to sell off AI businesses."

Sundar Pichai, the CEO of Google's parent company, was among a number of high-profile corporate executives who were given prominent spots at Trump's inauguration ceremony in January.

"They really never miss an opportunity for some good old-fashioned corporate bribery."

Other inauguration donors have benefited differently from the Trump administration's actions.

As former Labor Secretary Robert Reich noted on social media late Monday, the Trump administration is poised to end the Internal Revenue Services' free Direct File program after the private tax prep giant Intuit donated $1 million to the president's inauguration.

"Apple donated $1M. Trump exempted most of Apple's imports from tariffs," Reich added. "Coinbase donated $1M. Trump's SEC dropped a major lawsuit against them. See how this works?"

The appearance of pay-to-play corruption has been stark during the opening months of Trump's second term, with critics accusing the president of effectively placing a "for sale" sign on the White House.

CBS News reported that much of the White House's Easter Egg Roll on Monday was "sponsored by corporations, a change from the traditional sponsorship by the American Egg Board."

Amazon, Google's YouTube, and Facebook parent company Meta sponsored "various stations at the event," according to CBS.

"Nothing says Happy Easter in Trump 2.0 like having corporate sponsors at the White House Egg Roll," Public Citizen said Monday. "They really never miss an opportunity for some good old-fashioned corporate bribery."

Reprinted with permission from Alternet.

'Scandalous' Violations Of Campaign Finance Law By Top GOP Funding Site

'Scandalous' Violations Of Campaign Finance Law By Top GOP Funding Site

Reprinted with permission from Alternet

In 2019, the Republican Party launched its fundraising platform, WinRed, a GOP counterpart to the Democratic fundrasing behemoth ActBlue. And in the 2020 election, according to Daily Beast reporter Roger Sollenberger, WinRed "raised more than $2.24 billion for GOP campaigns and committees." Sollenberger reports that according to campaign finance experts the Beast interviewed, WinRed "has not disclosed possibly tens of millions of dollars in PAC expenses" and "has kept secret the identities of the people and firms who work for it and provide its services."

"According to these experts, based on WinRed's disclosures, the PAC appears to have potentially crossed the blurry lines of federal campaign finance laws," Sollenberger reports.

One of the interviewees for Sollenberger's article was former Federal Election Commission Commissioner Ann Ravel, who described WinRed's filings as "nothing short of scandalous" and "absurd."

Ravel told the Beast, "I can't think of any mechanism or loophole that would permit this. Really. It has the appearance of being, if not outright fraudulent, at least not complying with the intent of disclosure laws. On its face, that's what any reasonable federal auditor would think."

Jordan Libowitz, communications director for Citizens for Responsibility and Ethics in Washington, was equally critical of WinRed's filings and told the Beast, "This isn't like anything we've seen on this scale. With the publicly available information we have, it appears potentially illegal."

According to Sollenberger, WinRed hasn't reported many of the types of expenses that ActBlue has reported, such as "transaction fees, travel and meals, Uber rides, rent, administrative costs, communications, legal and accounting work, payroll taxes and bank fees."

"WinRed's PAC claims to pay for none of those things," Sollenberger reports. "Disclosure is the heart of campaign finance law. And if WinRed doesn't disclose its expenses, that means donors, campaigns, regulators and the public cannot see who the organization pays. But according to filings with the Federal Election Commission, the PAC paid a grand total of $1522.55 for the 2020 election. All of that meager amount went to its sister company, a for-profit corporation called WinRed Technical Services LLC, for 'merchandise.'"

Sollenberger adds, "Over the same period, ActBlue — a nonprofit — raised double that amount, $4.4 billion. It reported spending a little over $42 million on operating costs, about one percent of its total. To put that in perspective, WinRed PAC's $1502.55 budget was around 3.57 thousandths of one percent the size of ActBlue's. If WinRed expended one percent of its $2.24 billion — ActBlue's approximate rate — its operating budget would be $22.4 million."

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