Wealthy donors now allowed to give over half a million dollars each to support Trump's reelection
Donors to President Trumps reelection are now permitted to give nearly $600,000 per year, boosting the presidents ability to raise money from wealthy supporters months before the general election contest begins in earnest.
Under an agreement announced Wednesday by Trump Victory, a joint fundraising committee for the Trump campaign and the Republican National Committee, a single donor can give as much as $580,600 this year to support Trumps reelection higher than the committees previous caps on contributions.
That means the Republican National Committees biggest contributors could end up having shelled out as much as $1.6 million to support Trumps 2020 reelection over the course of the four-year election cycle, according to a Washington Post analysis.
Trump has raised and spent more money than his predecessors, and this change is expected to give him a further fundraising advantage. Trump entered 2020 with nearly $200 million in cash, party officials said a huge war chest that outstrips the resources of his Democratic opponents as they head into primary contests.
https://www.washingtonpost.com/politics/2020/01/15/wealthy-donors-now-allowed-give-over-half-million-dollars-each-support-trumps-re-election/