Posted on 07/12/2024 7:47:34 PM PDT by SeekAndFind
WASHINGTON (Reuters) -Billionaire Elon Musk, who has been ramping up criticism of U.S. President Joe Biden, has donated to a political group working to elect rival presidential candidate Donald Trump, Bloomberg reported on Friday, citing sources.
The report did not indicate how much Musk donated but added it was "a sizable amount" given to a group called America PAC.
Bloomberg reported that the PAC - a group that can receive unlimited contributions for political activity - is next required to disclose its list of donors on July 15.
In March, Trump, a former U.S. President who is expected to be formally nominated next week as the Republican Party's candidate for the Nov. 5 election, met with Musk and other wealthy donors.
In response to reports of the meeting, South Africa-born Musk posted on X: "Just to be super clear, I am not donating money to either candidate for US President." In May, he also denied media reports that there had been talks over a potential advisory role for him in any Trump presidency.
Musk, the world's richest person who runs electric car maker Tesla, rocket maker SpaceX, social media company X and other companies, did not respond to Reuters' request for comments.
Biden campaign spokesman James Singer said that Musk knows Trump is "a sucker who will sell America out, cutting his taxes while raising taxes on the middle class by $2,500."
"Joe Biden has been standing up to people like Elon and fighting for the middle class his entire career — and it’s why he’ll win in November," Singer said in a statement.
Musk in recent years has more fully embraced the Republican Party, which has weighed on the reputation and sales of Tesla, the biggest source of his wealth.
(Excerpt) Read more at usnews.com ...
So???
Money to Ballot harvest.
Why would you say that?
Lara Trump has been focusing on it.
You mean like the democrats have been doing for years?
Yes, wenust play that game.
That is legal is it not? He can donate to a candidate if he wants.
RE: That is legal is it not? He can donate to a candidate if he wants.
Not directly. The Bipartisan Campaign Reform Act of 2002 (BCRA) signed by GWB into law, also known as McCain-Feingold, limits DIRECT contributions to a candidate’s campaign originally to just $2,000 and introduced a provision for the limit to be adjusted for inflation every two years.
The current individual contribution limit of $3,300 per candidate per election is for the 2023-2024 election cycle.
However, Contributions to Political Action Committees (PACs) can exceed individual direct contributions, but the limits vary depending on the type of PAC. Here’s a breakdown:
Traditional PACs:
Individuals can contribute up to $5,000 per year to a traditional PAC.
These PACs can contribute directly to candidate committees, party committees, and other PACs.
Super PACs:
Individuals, corporations, and labor organizations can make unlimited contributions to Super PACs.
However, Super PACs cannot contribute directly to candidate committees or party committees. They can only make independent expenditures.
Super PACs (Political Action Committees) can help candidates in several indirect ways, although they are legally prohibited from coordinating directly with candidates or their campaigns. Here’s how Super PACs typically assist candidates:
Independent expenditures: Super PACs can spend unlimited amounts on communications that expressly advocate for the election or defeat of specific candidates.
Advertising: They can create and run TV, radio, online, and print ads supporting their preferred candidate or attacking their opponents.
Get-out-the-vote efforts: Super PACs can fund voter registration drives and efforts to increase voter turnout among demographics likely to support their preferred candidate.
Opposition research: They can conduct and publicize research on opposing candidates.
Elon Musk’s contributions are MOST LIKELY to SuperPacs ( AKA Working Groups ).
She is trying to set up monitoring groups nationwide to prevent the dims from doing that. That is money well spent.
Excellent!
I believe Musk can donate to who he wants to. He is a USA citizen with the same rights as everyone else here.
Reuters is rooting for Biden. They don’t mention all the billionaires who are donating to the democrats.
Let’s just hope no unfortunate deals were struck.
Specifically about Elon Musk though, he has his head screwed on right. He has all of the characteristics of a liberal that has been mugged by reality and has become a pragmatic conservative.
Nobody on the planet has benefited more by being a front man for Deep State, surveillance and control, transhumanist tech monstrosities.
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