Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Republican Trump calls on White House rivals to drop Super PACs

Published 10/23/2015, 12:44 PM
Updated 10/23/2015, 12:49 PM
© Reuters. Republican presidential candidate Donald Trump speaks during a campaign rally at Burlington Memorial Auditorium in Burlington, Iowa

By Erin McPike

WASHINGTON (Reuters) - U.S. presidential candidate Donald Trump on Friday called on his rivals to disband their Super PACs after a fundraising group backing the Republican front-runner said it would shut down over claims it inappropriately coordinated with his campaign.

"I have disavowed all Super PACs, requested the return of all donations made to said PACs, and I am calling on all presidential candidates to do the same," Trump said in a statement.

Super PACs are independent committees that can raise unlimited sums of money from corporations, unions and individuals. They have become major players in U.S. elections because they can spend massive sums of money promoting candidates, although they are not allowed to work formally with the campaigns.

Trump has complained repeatedly that Super PACs allow corporate entities and lobbyists to have undue influence. On Friday, he said because he is self-funding the bulk of his campaign to be the Republican Party's nominee for the November 2016 presidential election, he is not beholden to special interests.

While Trump disavowed Super PACs, a prominent supporter of his launched one this week. Billionaire investor Carl Icahn said Wednesday he was putting $150 million toward a new group to raise money to fight corporate "inversions" by pushing for legislation to change the tax code.

The Make America Great Again PAC said it would shut down after the Washington Post reported that one of its employees, Mike Ciletti, contacted a Trump employee to obtain information for potential donors. That would violate rules preventing coordination between campaigns and Super PACs.

Trump's campaign also asked all of the super PACs claiming to support the real estate mogul stop raising money and return funds to donors. The letters, sent on Wednesday, say the PACs do not have authorization to use Trump's likeness, according to his campaign.

Republican operatives close to Trump believe he will be hit with attack ads in the coming months, and they think calling on rivals to drop their Super PACs could pre-empt those attacks, a person close to Trump said.

© Reuters. Republican presidential candidate Donald Trump speaks during a campaign rally at Burlington Memorial Auditorium in Burlington, Iowa

Katie Packer, a Republican consultant who is critical of Trump, disagreed. The money funding Super PACs is "totally legal, disclosed dollars," she said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.