Money Matters: Advisers of Donald Trump Jr. Launch GOP Super PAC Ahead of Georgia Runoff Elections

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Money Matters: Advisers of Donald Trump Jr. Launch GOP Super PAC Ahead of Georgia Runoff Elections

As US President Donald Trump prepares to campaign for GOP Senate candidates in Georgia, advisers to his eldest son, Donald Trump Jr., have rolled out a super PAC to get pro-Trump Republicans out the polls and maintain a party majority in the Senate.

Republican strategist Andy Surabian, who serves as an adviser to Trump Jr., announced to Politico on Monday that he and his fellow consultants are rolling out a Georgia-based super PAC to squelch US election apathy ahead of the January 5 runoff Senate races.

The state’s runoff elections came about after sitting Sens. David Perdue (R-GA) and Kelly Loeffler (R-GA) both failed to reach the necessary 50% threshold of votes to win their November 3 contests. Loeffler and Perdue are facing Democrats Jon Ossoff and Raphael Warnock, respectively.

Money Matters: Advisers of Donald Trump Jr. Launch GOP Super PAC Ahead of Georgia Runoff Elections

FILE PHOTO: Campaign event for senators David Perdue and Kelly Loeffler in Cumming, Georgia

Meanwhile, the US president recently revealed he would be making a trip down south on Saturday to hold a rally in support of Loeffler and Perdue. 

“[W]e must get out and help [Perdue] and [Loeffler], two GREAT people,” he tweeted Friday. “Otherwise we are playing right into the hands of some very sick people.”

Loeffler’s husband, Jeffrey Craig Sprecher – the founder, chairman and CEO of the Intercontinental Exchange and chairman of the New York Stock Exchange – notably contributed $1 million to pro-Trump super PAC America First Action in April, according to Federal Election Commission filing. 

The Daily Beast noted this was the stock exchange executive’s largest financial contribution to a federal election campaign. It also came weeks after the couple was publicly criticized in the press for alleged misconduct. 

The couple reportedly carried out a collective 29 stock transactions through mid-February. The sales amounted to seven figures, and only two of the joint transactions were purchases.

Loeffler and Sprecher “have made clear that those transactions were executed by their financial advisors without Mr. Sprecher’s or Senator Loeffler’s input or direction,” argued the Intercontinental Exchange in a March news release.

“Per ICE [Intercontinental Exchange] policy, all trading plans require a 30-day cooling off period from the time the trading plan is adopted to the date of the first transaction.”

Citing a GOP strategist “familiar with the plans,” CNBC noted Republicans and Democrats will each burn through around $100 million over the next few weeks. Democratic victories in both races would split the Senate 50-50 between the two parties.

Sourse: sputniknews.com

Money Matters: Advisers of Donald Trump Jr. Launch GOP Super PAC Ahead of Georgia Runoff Elections

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