Trump Properties Netted $3.2 Million in Revenue During Midterm Elections

Trump Properties Netted $3.2 Million in Revenue During Midterm Elections·Fortune
Don Reisinger
Updated
0

If you want to talk to a Republican, look no further than Trump properties.

During the midterm election cycle starting in 2017, Republican campaigns and political action committees (PACs) spent $3.2 million at Trump-owned and branded properties across the U.S., according to a CNN analysis of Federal Election Commission filings. The Republican National Committee was the biggest Trump patron in the study, spending $1.2 million at Trump’s facilities since 2017, according to the report. Donald Trump’s reelection campaign spent more than $950,000 at the President’s properties since last year.

Political organizations and campaigns are required by federal law to share their spending with the FEC. The data CNN obtained is publicly available and verifiable, and it suggests that politically active Republicans across the country readily choose Trump properties when they hold meetings, need a place to stay for the night, or are seeking out catering services.

In response, the Republican National Committee told CNN that its donors chose Trump properties because they simply like them. The organization also said that the Trump’s properties offer better prices and security than other options.

According to CNN’s data, the top destination among Trump visitors in its study was Trump Hotel in Washington. It was followed by Trump Tower in New York and Trump National Doral in Florida.

The Republican National Committee did not immediately respond to a Fortune request for comment.

Advertisement

Recommended Stories

  • Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

    The popular growth investor added to these three existing positions on Tuesday.

  • Here's Exactly When Social Security Recipients Can Expect Benefit Cuts, According to the Latest Trustees Report

    Social Security payments may be subject to cuts. Here's what the timing looks like.

  • Morgan Stanley Predicts up to 110% Rally for These 2 ‘Strong Buy’ Stocks

    Uncertainty is the word of the day, in reference to the near-term economic future. Sentiment will hinge on the inflation numbers due out next week. March’s figure rose to 3.5%, and April’s job numbers showed a marked slowing in the labor market; that combination has stoked fears of stagflation. But – corporate earnings from Q1 are beating expectations, and the stock market has taken a turn for the better with the S&P 500 closing just below 5,200 yesterday. Economic strategists are still optimist

  • Can I Use My RMDs to Transfer Money Into My Roth IRA?

    If you're taking a required minimum distribution from an IRA, 401(k) or other tax-deferred account and don't need the money to cover living expenses, where should you stash that unneeded cash? Investors now need to start taking RMDs at age 73 or, if they were born after 1960, at age 75. Depending on the balances of […] The post Can I Use My RMDs to Transfer Money Into My Roth IRA? appeared first on SmartReads by SmartAsset.

  • How Much Cash Can A $300,000 Annuity Generate For Me Each Month?

    Imagine having a reliable source of income you can count on throughout your retirement. That’s the promise of an annuity. These insurance products have been designed to turn your savings into a steady stream of monthly payments. They guarantee peace of mind and financial security in your golden years. Don't Miss: Are you rich? Here’s what Americans think you need to be considered wealthy. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you. An

  • Pfizer Stock Is Near An 11-Year Low — But Is It A Buy On This 'Massive' Upside?

    Pfizer stock ran up to its 50-day line after the company reported better-than-expected sales and profit. Is PFE stock a buy?

  • 3 Ridiculously Undervalued Stocks to Buy Hand Over Fist Right Now in May

    Investing in cheap stocks brings unique risks because there is usually a reason the companies are undervalued.

  • Stocks could tank after an ill-advised 'melt-up' if the Fed cuts rates to avoid recession

    "Investors' expectation that the Fed would nip a recession in the bud by easing means that the Fed Put is back," Ed Yardeni said.

  • Real Estate Developer Soaked by Multimillion Dollar Loss on San Francisco Office Building

    Real estate developer Clarion Properties took a $60 million loss on a San Francisco office building it bought five years ago. The property at 410 Townsend Street is a four-story, 76,000-square-foot building. During the halcyon days of the tech industry, 410 Townsend was known as a startup village and was valued at $1,100 per square foot. That adds up to $86 million, which is what Clarion Partners bought the property for in 2019. That high price is emblematic of the high valuations of prime offic

  • IBM’s Red Hat Sued by Stephen Miller’s Legal Group for Anti-White Male Bias

    (Bloomberg Law) -- Ex-Trump adviser Stephen Miller’s legal group has sued IBM Corp. subsidiary Red Hat Inc. claiming the company’s diversity goals led to the discriminatory treatment and termination of a former White male employee. Most Read from BloombergMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Postpones Documents Case Tri