"In general, any time a candidate's name is all over the media and dominating attention, it's good for fundraising," said Eric Wilson, a Republican digital strategist. While the former president's indictment - along with potential future charges in several ongoing investigations - puts him in serious legal jeopardy, it has helped to solidify his standing with his supporters and grow his campaign war chest. The figures provide a snapshot of how Trump's arrest has, at least for the time being, shaped the Republican primary. In another indication that the indictment has helped Trump to grow his fundraising base, nearly a quarter of those who contributed to Trump during that period had never given to him before. Trump raised a combined $18.8 million in the first quarter through his joint fundraising committee and his campaign, the latter of which is required to report its first-quarter financial activity on Saturday.īut the campaign also says it brought in nearly the same amount in the two weeks after the charges were filed against the former president - $15.4 million - underscoring just how much the charges against Trump have animated his backers. This is in addition to the millions of dollars that Trump's followers gave him after his pleas for support following his arrest and indictment in New York for alleged crimes connected to hush money payments and other financial crimes at the end of March.įormer President Donald Trump's 2024 fundraising has been turbocharged by his indictment, according to new figures provided by his campaign. To that point, Trump now claims to have raised at least seven million dollars since being indicted and arrested in Miami for his alleged crimes related to the Espionage Act. It comes from the metaphorical and literal cash registers that are continuously ringing from the many millions of dollars that Donald Trump and his inner circle are being given by the MAGA faithful and other Trump cultists as they throw money at their Dear Leader in an act of support for his crimes so that he can "defend himself" against being unfairly "persecuted."ĭonald Trump is a master showman and his being arrested and indicted is first and foremost an opportunity to make money. "Planted by scoundrels": Trump melts down on Truth Social after DOJ reveals evidence against him Trump, a malignant narcissist who lacks impulse control and internal self-regulation, continues to publicly incriminate himself by basically admitting his guilt during TV appearances and interviews, at rallies, and via his Truth Social disinformation platform while simultaneously proclaiming his innocence. Making this noise even louder is Donald Trump himself. The president has declined to release his taxes because of the audit.Ī lawyer for the Trump Organization, Alan Garten, and a spokesperson for the Trump Organization did not immediately respond to a request for comment from The Associated Press on the report.Here is where the confusion comes in. Trump, starting in 2010, claimed and received an income tax refund that totaled $72.9 million, which the Times said was at the core of an ongoing audit by the IRS. The Times said $9.7 million worth of business investment credits that were submitted after Trump requested an extension to file his taxes allowed him to reduce his income and pay just $750 each in 20. Losses in the property businesses solely owned and managed by Trump appear to have offset income from his stake in the television show “The Apprentice” and other entities with multiple owners.ĭuring the first two years of his presidency, Trump relied on business tax credits to reduce his tax obligations. He has taken tax deductions on personal expenses such as housing, aircraft and $70,000 in haircare. Trump found multiple ways to reduce his tax bills.
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