Wednesday, October 26, 2016

BREAKING Trump Halts Big-Money Fundraising, An Unusual Move That Cuts Off Cash to the GOP

Donald Trump has no further high-dollar fundraising events planned for the remainder of the campaign, dealing another serious blow to the GOP's effort to finance its get-out-the-vote operation before Election Day, reports The Washington Post.

Steven Mnuchin, Trump's national finance chairman, said in an interview with The Washington Post on Tuesday that Trump Victory, a joint fundraising committee between the party and the campaign, held its last formal fundraiser on Oct. 19. The luncheon was in Las Vegas on the day of the final presidential debate.

“We’ve kind of wound down,” Mnuchin said, referring to formal fundraisers. “But the online fundraising continues to be strong.”

While Democratic nominee Hillary Clinton is headlining her last fundraiser Tuesday night in Miami, her campaign has scheduled 41 other events between now and Nov. 3 featuring high-profile surrogates such as her daughter, Chelsea, running mate Tim Kaine and the entertainer Cher, according to a schedule sent to donors this weekend.

According to the Post, the RNC gets only 20 percent of the money that Trump raises online in conjunction with the party, while the vast majority of the big checks contributed to Trump Victory are routed to the party.

  -RW

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