A new report from Rolling Stone claims that President-elect Donald Trump is "keeping tabs" on major corporations that have not yet forked out big bucks for his inauguration fund.American companies are forking out money to Trump's inauguration at a time when he's threatening to slap major tariffs on ...

A new report from Rolling Stone claims that President-elect Donald Trump is “keeping tabs” on major corporations that have not yet forked out big bucks for his inauguration fund.

  • shalafi@lemmy.worldEnglish
    7·
    4 days ago

    Here’s Obama’s:

    https://www.opensecrets.org/obama/inaug_2009.php

    NOTE:

    The government places no limits on these contributions, but Obama capped money for his inauguration at $50,000 per person - still, more than 10 times what individuals could give to his campaign. Contributions from corporations, labor unions, political action committees and registered lobbyists were not accepted. Donors at the $50,000 level reportedly got tickets to the official ceremony, the parade and inaugural balls. The Inaugural Committee voluntarily disclosed its donors as it raised the money but had to report its fundraising to the government following the inauguration.

      • underwire212@lemm.ee
        2·
        4 days ago

        It’s used literally to celebrate the new presidency. Fucking disgusting and there’s no WAY this money gets used properly.

        ——

        Inauguration fund money, which is typically raised by a presidential inaugural committee (PIC) in the United States, is generally used to finance activities and events related to the celebration of a new president’s inauguration. However, the allowable uses for this money depend on legal, ethical, and organizational guidelines. Here’s how it is typically spent:

        Permitted Uses

        1. Official Inaugural Events:

        • Planning and hosting inaugural balls, parades, and concerts.

        • Covering the costs of ceremonies like the swearing-in and related staging, security, and logistics.

        2. Event Operations:

        • Venue rentals, permits, and equipment.

        • Hiring vendors for catering, audiovisual production, decorations, and transportation.

        3. Public Outreach:

        • Advertising and public communications for inaugural events.

        • Developing and distributing tickets or invitations to events.

        4. Staff and Administration:

        • Salaries for committee staff and consultants involved in planning the events.

        • Office space, supplies, and administrative costs for managing the fund.

        5. Charitable Donations (Optional):

        • Some inaugural committees choose to donate surplus funds to charities or civic organizations, though this is not mandatory.

        Restrictions and Rules

        1. Non-Campaign Use:

        • Funds cannot be used to finance political campaigns or unrelated political activities.

        2. Personal Enrichment:

        • Funds cannot be used for personal expenses of the president, their family, or committee members.

        3. Transparency:

        • Committees are typically required to disclose donors and expenditures in accordance with federal or state law.

        4. Prohibition on Federal Funds:

        • Public funds cannot be mixed with the inauguration fund.

        In some cases, misuse of inauguration funds has led to legal scrutiny or allegations of impropriety, so proper accounting and adherence to legal guidelines are critical.