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WSJ Reveals ‘Who Funded Trump’s Inauguration’

Josh Dawsey and Alex Leary with an “exclusive” for The Wall Street Journal: (Apple News+ Link)

Donald Trump’s inaugural committee raised almost $250 million from Corporate America, more than doubling the previous record as companies sought to win favor with Trump and the incoming administration.

The record sum shows how the country’s largest and most powerful companies flocked to Trump in the period after the election, with senior executives traveling to his Florida club and cutting seven-figure checks. The previous record for an inaugural committee was about $107 million, which Trump amassed in 2017 in the run-up to his first-term swearing in. Other recent presidents have raised less than $100 million, according to financial disclosures.

The list of contributors is exactly who you’d expect (crypto, oil companies, tech) with some surprises, like “Pilgrim’s Pride, a sprawling poultry company that gave $5 million.”

Dawsey and Leary add:

A filing reviewed by The Wall Street Journal in advance of a federal deadline Sunday showed a range of companies contributed to the inauguration, including many industries that have benefited so far from Trump’s decisions in office.

You can guess what comes next:

Trump has now alienated some of those same companies, putting in place stiff tariffs and starting a trade war that has caused the markets to sag.

I’m sure these companies and individuals have no regrets parting with their hard-earned cash.

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