Top CEOs are making significant donations to Donald Trump's inaugural committee, seeking influence and access to the incoming White House. While these donations are legal and differ from direct campaign contributions, experts highlight the potential for this to shape policy in favor of certain industries.
Top CEOs and their companies are pledging to donate millions of dollars to President-elect Donald Trump 's inaugural committee. The donations present a 'unique opportunity' to gain influence with and access to the White House, experts told CNBC.Republican presidential nominee, former U.S. President Donald Trump arrives to speak during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida.
Empowered by a decisive electoral victory, Trump has vowed to revamp U.S. economic policy in a way that could have outsized benefits for a few favored industries, like fossil fuels. At the same time, he has telegraphed the value, both personal and political, that he places on face-to-face meetings and public praise from chief executives of the world's largest companies.Many of those CEOs have already made, or are planning to make, trips to Mar-a-Lago, Trump's Palm Beach resort and de facto transition headquarters, as they seek to gain influence with and access to the incoming White House. To that end, Trump's inaugural committee presents a 'unique opportunity,' said Brendan Glavin, director of research for the money-in-politics nonprofit OpenSecrets, in an interview. Inaugural committees, which are appointed by presidents-elect, plan and fund most of the pomp and circumstance that traditionally surrounds the transition of power from one administration to the next. While the money is ultimately benefitting a recent political candidate, it doesn't carry the same connotation as a donation to, say, a super PAC, which can fund partisan political activities that risk stoking controversy. President Donald Trump and First Lady Melania Trump dance at the Freedom Ball on January 20, 2017 in Washington, D.C.And unlike a direct contribution to a candidate's campaign, there are no limits on how much an individual — or a corporation or labor group — can give to an inaugural committe
DONALD TRUMP Inaugural Committee CEO Donations Influence White House Access
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