While the President-elect retreated to Palm Beach with his family for Thanksgiving.
The scramble to shape his administration underway, President-elect Donald Trump’s team has simultaneously begun turning its attention to raising tens of millions of dollars for festivities related to his Washington inauguration.
Trump, who vowed during the campaign to “drain the swamp” of special interests corrupting Washington, has set $1 million donation limits for corporations and no limits for individual donors, according to an official on the Presidential Inaugural Committee with direct knowledge of tentative fundraising plans. At the same time, Trump’s inaugural committee will not accept money from registered lobbyists, in line with his ban on hiring lobbyists for his nascent administration.
Barack Obama set stricter limits on donations for his first inauguration, in 2009, holding individual donors to $50,000 each and taking no money from corporations or labor unions, as well as none from lobbyists and some other groups. Plenty of corporate executives, though, gave individually and often at the maximum amount. And he opened the spigots for his 2013 inauguration, setting no limits on corporate or individual donations.