Trump Megadonor Timothy Mellon Leads Record-Breaking Month for Campaign Cash
Submitted by MAGA Student
Posted 6 days ago
Pro-Trump businessman leads massive month for megadonors pouring cash into election.
Timothy Mellon, a prominent businessman and longtime supporter of former President Donald Trump, has made a significant impact on the upcoming election with his recent donation of $50 million to MAGA Inc., a super PAC supporting Trump's bid. This generous contribution was made on the final day of May, coinciding with Trump's conviction in New York.
Mellon's donation marks the largest federal individual campaign contribution so far this election cycle, and it's one of the largest of all time. In total, Mellon has given more than $100 million to political organizations this cycle. The donation to MAGA Inc. made up most of the $68.8 million the group raised in May.
Other notable donors have also made significant contributions to political campaigns and outside groups. Michael Bloomberg, the former New York City mayor and 2020 presidential candidate, donated $19 million to Biden's top super PAC, FF PAC. Bloomberg also gave $929,600 to Biden's joint fundraising committee.
Venture capitalists Marc Andreessen and Ben Horowitz each donated $12.5 million to Fairshake, the pro-cryptocurrency super PAC. GOP megadonors Richard and Elizabeth Uihlein, scions of the Uline shipping and packing company, gave MAGA Inc. a combined $10 million.
Democratic megadonors James Simons and Fred Eychaner combined to seed the super PAC that boosts House Democrats with $6.5 million. Billionaire Miriam Adelson, who has been reported to help bankroll a pro-Trump super PAC, gave $1 million to a super PAC supporting GOP Sen. Ted Cruz of Texas.
In an unexpected move, Movement Voter PAC, a progressive group, reported receiving $10 million from a Massachusetts man named Jay Scheide, whose occupation is listed as "not employed." Federal campaign finance records show Scheide has been a small-dollar donor until now.
These figures are just a glimpse of the incredible sums of money being funneled into campaigns and outside groups ahead of the fall. Biden and Trump have raised hundreds of millions of dollars for their political operations, with key federal and statewide races expected to draw hundreds of millions more.
The ad-tracking firm AdImpact predicted last year that ad spending alone will eclipse $10 billion, a record sum that doesn't even include the tons more spent on other aspects of campaigning and organizing.
As the election season heats up, it's clear that megadonors on both sides of the aisle are willing to spend big to support their preferred candidates and causes. With so much money at stake, it remains to be seen how these massive donations will impact the outcome of the election.
Sources:
nbcnews.com
townhall.com
dailycaller.com
Timothy Mellon, a prominent businessman and longtime supporter of former President Donald Trump, has made a significant impact on the upcoming election with his recent donation of $50 million to MAGA Inc., a super PAC supporting Trump's bid. This generous contribution was made on the final day of May, coinciding with Trump's conviction in New York.
Mellon's donation marks the largest federal individual campaign contribution so far this election cycle, and it's one of the largest of all time. In total, Mellon has given more than $100 million to political organizations this cycle. The donation to MAGA Inc. made up most of the $68.8 million the group raised in May.
Other notable donors have also made significant contributions to political campaigns and outside groups. Michael Bloomberg, the former New York City mayor and 2020 presidential candidate, donated $19 million to Biden's top super PAC, FF PAC. Bloomberg also gave $929,600 to Biden's joint fundraising committee.
Venture capitalists Marc Andreessen and Ben Horowitz each donated $12.5 million to Fairshake, the pro-cryptocurrency super PAC. GOP megadonors Richard and Elizabeth Uihlein, scions of the Uline shipping and packing company, gave MAGA Inc. a combined $10 million.
Democratic megadonors James Simons and Fred Eychaner combined to seed the super PAC that boosts House Democrats with $6.5 million. Billionaire Miriam Adelson, who has been reported to help bankroll a pro-Trump super PAC, gave $1 million to a super PAC supporting GOP Sen. Ted Cruz of Texas.
In an unexpected move, Movement Voter PAC, a progressive group, reported receiving $10 million from a Massachusetts man named Jay Scheide, whose occupation is listed as "not employed." Federal campaign finance records show Scheide has been a small-dollar donor until now.
These figures are just a glimpse of the incredible sums of money being funneled into campaigns and outside groups ahead of the fall. Biden and Trump have raised hundreds of millions of dollars for their political operations, with key federal and statewide races expected to draw hundreds of millions more.
The ad-tracking firm AdImpact predicted last year that ad spending alone will eclipse $10 billion, a record sum that doesn't even include the tons more spent on other aspects of campaigning and organizing.
As the election season heats up, it's clear that megadonors on both sides of the aisle are willing to spend big to support their preferred candidates and causes. With so much money at stake, it remains to be seen how these massive donations will impact the outcome of the election.
Sources:
nbcnews.com
townhall.com
dailycaller.com
