Trump Revealed: on Government Reform


1980s: donated 30 times over campaign contribution limit

Trump's largesse [in political donations] caught the attention of a New York State commission examining possible political corruption. The commission called Trump to testify in March 1988. Under oath, Trump acknowledged that political donations had been a routine part of his business for nearly two decades. He gave so generously that he sometimes lost track of the amounts. When an attorney for the commission asked him to verify that he had given $150,000 to local candidates in 1985 alone, Trump responded, "I really don't know. I assume that is correct, yes."

The amount Trump donated in 1985 was equal to three times the annual limit for individual ($50,000), or thirty times higher than the cap for companies ($5,000), under New York state law. But Trump "circumvented" the law, a state commission found, by spreading the donations among eighteen subsidiary companies. Trump told the commissioners he didn't know "the exact reason" it was done this way; it was how his lawyers had said to do it.

Source: Trump Revealed, by Michael Kranish & Mark Fisher, p.273-4 Aug 23, 2016

  • The above quotations are from Trump Revealed
    An American Journey of Ambition, Ego, Money, and Power

    by Michael Kranish and Marc Fisher
    .
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