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.

  • jagged_circle@feddit.nlEnglish
    10·
    1 day ago

    What is that money used for? I dont get it.

    Giving money for a campaign makes sense. Its expensive. Covers expenses of your campaign workers, travel, advertisement, etc.

    But after you’ve won, your cabinet is paid by tax dollars. What the heck is an inauguration donation for??