The fund is not restricted by campaign finance law and is made up of donations by businesses and executives, raising questions about corruption and influence peddling in the next Trump administration. Seven years ago, Trump’s first inaugural fund raised $107 million, and this time, corporate leaders will shatter that amount, with pledges already exceeding $150 million.
Some companies on the donation list, according to The Wall Street Journal, are scrubbing their websites and corporate policies of anything that could be perceived as pro-Democrat or hostile to Trump, including, in the case of hardware manufacturer Stanley Black & Decker, criticism of the January 6, 2021, Capitol riot. The company is donating $1 million to the fund, up from the $25,000 it donated to Trump’s 2017 inauguration.
Trump celebrated last week, posting, “EVERYBODY WANTS TO BE MY FRIEND!!!” on his Truth Social profile. More likely, all of these businesses and executives don’t want to run afoul of the president-elect’s trade policies or deal with anger from his supporters. Trump’s tariffs, if they go ahead, will upend the economy and hurt several U.S. industries such as automobiles. CEOs will be hoping for exceptions and carve-outs, and the way to Trump’s heart is through his wallet.
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