Donations, not restricted by campaign finance laws, come as industries seek favor with incoming administration

Summary

Donald Trump’s second inaugural fund is set to exceed $150 million, breaking the $107 million record from 2017.

Major companies like Amazon, Meta, Toyota, and Ford, along with executives like Sam Altman and Ken Griffin, are donating $1 million each.

Experts note the contributions aim to curry favor or avoid backlash from the incoming administration.

Some firms, despite earlier pledges to suspend political donations after the January 6 Capitol riot, are now participating.

  • JiveTurkey@lemmy.world
    28·
    1 year ago

    Add this to the pile of reasons no one is outraged by a CEO being gunned down. We’re tired of this bullshit and they’re happy to buy power right in front of our eyes.

  • Narri N.@lemmy.mlEnglish
    23·
    1 year ago

    How many meals can this buy for those wanting? Shelters for the homeless? Treatment for the sick? Oh wait, I forgot. The US is a third world country with a Gucci belt. The fascists do what the fascists do.

      • Narri N.@lemmy.mlEnglish
        6·
        1 year ago

        You are very welcome to use it, my friend. I think it’s very apt, but I can’t remember where I read it for the first time though.

  • Maple Engineer@lemmy.world
    141·
    1 year ago

    Last time he tried to hide it. This time he is being completely open about the fact that he is for sale because he believes that he is untouchable.

  • errer@lemmy.worldEnglish
    3·
    1 year ago

    Sadly presidents having corporations donate large sums of money to their inaugurations is not new, although Trump is definitely getting more.

    U.S. President Joe Biden raised $61.8 million for his inauguration events, receiving large contributions from corporations, labor unions and wealthy individuals, according to a financial disclosure.

    https://www.reuters.com/world/us/pfizer-unions-others-donated-618-mln-bidens-inaugural-2021-04-21/