Here’s a Rundown of a Few of the Trump Donors Keeping Their Money Offshore

by Luke Barnes – Because nothing says patriotism like stashing your cash overseas to avoid taxes. One year ago, Donald Trump stood in front of an adoring crowd in New York City, proclaiming victory for the forgotten Americans over the elitist, globalist campaign of Hillary Clinton. “Ours was not a campaign, but rather an incredible and great movement,” he said. “It was made up of millions of hard-working men and women who love their country and want a better, brighter future for themselves.” But now, a new series of revelations from the Paradise Papers show just how hollow those promises were. The leaked papers show that a number of Trump’s biggest financial backers were the same billionaire globalists that Trump decried at rallies across the country — and that’s in addition to the tax-dodging globalists currently sitting in his cabinet. The leaks reveal that these men stashed away parts of their fortunes, valued in the...

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Sheldon Adelson Not Backing Trump After All

by Dale Cohen – Like most people I assumed that Sheldon Adelson was backing Donald Trump. He supposedly promised he would do so. But NBC reports today that he has not given any money to the Trump campaign. Recent news reports had not mentioned Adelson as a contributor and indicated only one major donor, a hedge fund manager named Robert Mercer. NBC said as follows: Adelson, whose top political priority is the security of Israel, attended the Republican National Convention in July. He was prepared to support Trump after the convention, but the candidate’s tumultuous post-convention stretch revived concerns, according to a Republican with knowledge of Adelson’s political activity. It is possible that Adelson may eventually cave in and give money to Trump, but I doubt it. His number one priority is Israel, and Trump is not reliable on that issue. Even though the Republican platform is emphatic in support of Israel,...

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GOP Convention In CHAOS: Party Bosses Admit They’re Running Out Of Cash As Trump Scares Sponsors

by Oliver Willis – The Republican Convention in Cleveland is facing a financial shortfall, and senior party officials are begging for dollars while nominee Donald Trump continues to claim that he is worth at least $10 billion. Politico reports that the party needs money to cover the bills for the event because sponsors they were relying on have pulled out as a result of Donald Trump’s bigoted comments and policies. Millions of dollars short and running out of time, organizers of the Republican National Convention have written an urgent request for $6 million to Las Vegas billionaire couple Sheldon and Miriam Adelson to cover the bills for next week’s festivities. In a letter addressed to the Adelsons, obtained by POLITICO, the Cleveland 2016 Host Committee revealed the names of more than two dozen prominent corporations and individuals who have reneged on a collective $8.1 million in pledged donations. The letter...

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Hypothetical: Suppose Trump Wants Out

by patg – “It’s very possible that I could be the first presidential candidate to run and make money on it.”                     Donald Trump Yes, he actually did say that once, back in 2000.  Let’s take the man at his word and see how it might play out.  Keep in mind that this is a fantasy exercise: Donald Trump has not had a fun month.  His poll numbers are down.  He has been outed as unable to self-fund his campaign.  A cadre of Republicans are trying to free the delegates to vote for anyone they like.  That whole “pivot to presidential” thing has not gone well; it is simply not his nature to tone it down and stay on script.  Politics may have looked glamorous from afar, but perhaps up close the nitty-gritty of political life turned out not to suit him well. Now suppose that Trump looked at this situation and...

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It’s not Just the Trump Campaign That’s Broke; His Super PAC is Too!

by R o o k – The Daily Kos team has had a lot of fun laughing at Donald Trump’s empty coffers, because he’s built his campaign the same way he’s built his businesses: completely on debt and lies. But now, #DumpyDonald is learning that other people can lie about money, too. All those donors who said they’d be writing great big checks to his Super PAC are “”just frozen, they’re paralyzed,’ said one frustrated super-PAC fundraiser.” Rebuilding America Now, which is “the  campaign’s preferred destination for big-dollar, unlimited contributions,” secured $32 million in PLEDGES. And a pledge is nothing more than a promise. And a promise is nothing more than… well, nothing. But Rebulding America Now has collected only $2 million of those pledges — from a single donor — Laurance Gay, the managing director of Rebuilding America Now The ONLY person to make good on his pledge is the managing director of the Super PAC...

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Edward Clarkin Is The Most Important Man In Journalism Today — And He’s Probably Not A Real Person

by JUDD LEGUM – A week ago, no one had ever heard of Edward Clarkin. Today he has inspired multiple parody Twitter accounts, prompted one journalist to quit his job after 22 years and has been the subject of intense speculation in elite media circles. This is how Edward Clarkin went from an unknown to the center of the world of journalism. Who Is Edward Clarkin? Edward Clarkin holds himself out to be a reporter for the New Britain Herald, a small paper in Connecticut with a circulation of about 7500. Prior to this month, Clarkin’s only articles for the New Britain Herald were four effusive restaurant reviews published in 2011. “If A Taste of Poland is anything like Warsaw or Krakow, I’m buying an airplane ticket tomorrow,” Clarkin wrote. Then, on December 1, Clarkin published a nearly 2,000 word article on the performance of business courts, which specialize in...

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EXCLUSIVE: The Story Sheldon Adelson Didn’t Want You To Read

by JUDD LEGUM – Two weeks ago, conservative billionaire Sheldon Adelson and his family purchased the Las Vegas Review-Journal, Nevada’s largest paper. On Tuesday, its editor-in-chief of five years, Mike Hengel, resigned. If you are a subscriber to the Review-Journal, you would have read a grand total of 79 words on Wednesday about Hengel’s departure. According to the story, which did not have a byline, the decision was “mutual” and “he did not believe he was forced out.” That wasn’t, however, the original story that was written by a Review-Journal reporter and approved by its editors. The actual story of Hengel’s departure was killed by the paper’s management team who now answers to Adelson, according to a source in the Review-Journal newsroom who spoke to ThinkProgress on the condition of anonymity, fearing retribution from the new ownership. Jennifer Robison  ✔@_JRobison Mike Hengel, @reviewjournal editor, announces that he will accept a...

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Trump’s Vegas Hotel Refuses To Recognize Its Workers’ Union

by ALICE OLLSTEIN – LAS VEGAS, NV — Just 24 hours before billionaire frontrunner Donald Trump took the stage for the fifth GOP debate, the Trump International Hotel in Las Vegas launched a legal challenge to its 500-odd workers’ effort to form a union. After a year of organizing, much of it in secret, a narrow majority of the workers voted earlier this month to join the Culinary Workers Union and Bartenders Union, which are part of the national hospitality workers union Unite Here. The text of the company’s complaint — filed with the National Labor Relations Board in D.C. — is not yet public, and multiple calls to the hotel’s management were not returned by the time of publication. But Trump hotel workers told ThinkProgress that their company is “objecting to the outcome of the vote and want it thrown out.” “Mr. Trump has said repeatedly that he expects...

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Rapid Rise in Super PACs Dominated by Single Donors

Super PACS that get nearly all of their money from one donor quadrupled their share of overall fund-raising in 2014 by Robert Faturechi, ProPublica, and Jonathan Stray, special to ProPublica – This story was co-published with the Daily Beast. The wealthiest Americans can fly on their own jets, live in gated compounds and watch movies in their own theaters. More of them also are walling off their political contributions from other big and small players. A growing number of political committees known as super PACs have become instruments of single donors, according to a ProPublica analysis of federal records. During the 2014 election cycle, $113 million – 16 percent of money raised by all super PACs – went to committees dominated by one donor. That was quadruple their 2012 share. The rise of single-donor groups is a new example of how changes in campaign finance law are giving outsized...

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Netanyahu Speaks, Money Talks

by Bill Moyers, Michael Winship – Everything you need to know about Israeli Prime Minister Benjamin Netanyahu’s address to Congress Tuesday was the presence in the visitor’s gallery of one man – Sheldon Adelson. The gambling tycoon is the Godfather of the Republican Right. The party’s presidential hopefuls line up to kiss his assets, scraping and bowing for his blessing, which when granted is bestowed with his signed checks. Data from both the nonpartisan Center for Responsive Politics and the Center for Public Integrity show that in the 2012 election cycle, Adelson and his wife Miriam (whose purse achieved metaphoric glory Tuesday when it fell from the gallery and hit a Democratic congressman) contributed $150 million to the GOP and its friends, including $93 million to such plutocracy-friendly super PACs as Karl Rove’s American Crossroads, the Congressional Leadership Fund, the Republican Jewish Coalition Victory Fund, Winning Our Future (the pro-Newt Gingrich super...

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Revolution Is Required: America Heading Toward Oligarchy

by fidlerten – Average, hardworking Americans blindly go forward, looking for answers of why they work so hard and yet prosperity goes to the top 1 percent while wages stagnate for the rest of us. The answer is clear and yet because it seems impossible to accomplish, we continue to look for other ways around it; raise the minimum wage, raise taxes on the wealthy but none of these things ever happen and they never will. The reason is because there is no motivation in our U.S. Congress. As long as we have a campaign system that allows private donations to flow unfettered to elect those who decide our campaign laws, nothing will ever come of any effort to change the status quo. Certainly, there will be those who will give lip service to the idea, and maybe for some in their heart of hearts, they really want to see change...

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Sheldon Adelson Fights Florida Pot Initiative

  By kos, Daily Kos – Hmmm. Gambling mogul and GOP megadonor Sheldon Adelson has spent $2.5 million to oppose Florida’s medical marijuana ballot initiative, according to filings reviewed by the Tampa Bay Times. The major donation signals what may be the most moneyed opposition to a medical marijuana initiative yet. It also comes from a particularly unlikely source. Adelson spent nearly $150 million to elect Republicans in 2012, but he has veered away from targeting cultural issues. He made his billions on gambling — considered a vice by most — and describes himself as “socially very liberal. Too liberal” — a refrain he has repeated over the years. What exactly is going on here? Probably not pot. Looks like he’s worried that a medicinal marijuana ballot initiative may pull in support for Democrat Charlie Crist in the state’s tight gubernatorial contest against Republican incumbent Rick Scott. But if that’s...

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Casinos and offshore companies battle for billions in online gambling push

Lindsey Graham, Sheldon Adelson and a colorful cast of characters jockey over regulation By Nicholas Kusnetz, Center for Public Integrity, Ever since Bugsy Siegel opened the Flamingo Hotel in 1946 and launched the Las Vegas Strip, gambling has held a tenuous position in American life, suggesting glamour, wealth, depravity and corruption all at once. Now that casinos have spread throughout the nation and allegedly shed their mafia ties, a new branch of the industry is fighting for legitimacy here. Las Vegas-based casinos and overseas operators have begun an all-out battle over Internet gambling, which is mostly banned nationwide but carries with it the promise of billions of dollars in additional revenue for casinos and state governments. Three states began licensing online betting last year, and lawmakers are debating online gambling bills in seven others right now. In Washington, meanwhile, Congress is facing increasing pressure to either bar or regulate the...

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Family values groups demand GOP reject Las Vegas as possible 2016 convention site

By Hunter, Daily Kos, Some of the heaviest hitters on the religious right are pressuring GOP leaders to cross off Las Vegas as a potential host city for its 2016 convention, warning that putting the next convention in Sin City will harm the party’s image and drive away supporters.Leaders from the religious right who have joined the effort include Tim Wildmon, president of the American Family Association; Phyllis Schlafly, founder of Eagle Forum; Andrea Lafferty, president of the Traditional Values Coalition; Paul Caprio, director of Family-PAC; and James Dobson, president of Family Talk ministry. “The GOP is supposedly interested in reaching out to conservatives and evangelicals. Maybe that’s just a front, but if they really mean it this is not the way to do it,” Dobson said Tuesday. “Even though Vegas has tried to shore itself up and call itself family-friendly, it’s still a metaphor for decadence. There’s still...

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Newt Gingrich’s new big idea: Unlimited donations from billionaires, directly to candidates

by Jed Lewison So Newt Gingrich says that he wants to level the playing field with guys like Sheldon Adelson … but I do not think Newt Gingrich thinks leveling the playing field means the same thing that you and I think it means: Former House speaker Newt Gingrich (R), whose 2012 presidential bid was boosted by $15 million spent by casino magnate Sheldon Adelson and his wife, on Friday decried the outsize influence that the wealthy have on the political process.The answer? Candidates should be able to raise the kind of massive sums that super PACs can, Gingrich told the National Journal. Seriously? Yep: “Whether it’s the Koch brothers or Soros on the left or Sheldon,” Gingrich said, “if you’re going to have an election process that radically favors billionaires and is discriminating against the middle class—which we now have—then billionaires are going to get a lot...

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The “Billionaire’s Primary”: Meet America’s New Political Bosses

by  Terrance Heath, for Campaign for America’s Future The Republican 2016 presidential primary season opened with the “Sheldon Adelson Primary.” The eight wealthiest person in the country, worth an estimated $40 billion, doesn’t have to wait for the official GOP primary season to start. He holds his own primary. Republicans even called it “the Sheldon Primary.” Adelson granted audience to GOP presidential hopefuls at the spring meeting of the Republican Jewish Coalition, in Las Vegas. Over the course of four days of Scotch tastings, golf, poker tournaments, and private meetings, the 80-year-old casino mogul examined the GOP’s most likely 2016 presidential candidates. Adelson single-handedly kept Newt Gingrich in the 2012 presidential race, with nearly $16 million in campaign contributions, some of which financed Gingrich’s infamous documentary, “When Mitt Romney Came To Town.” When Gingrich ran out of hot air, Adelson poured more than $30 million into Romney’s campaign. Whoever...

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Chock Full o’ Putz – Jewish GOP group sad to the last drop

  AUTHOR’S NOTE: For those who need help with their Yiddish, all terms may be found here. “From the desk of NickiLeaks” With the GOP clown car weaving down the Vegas strip, delivering its load of facacta candidates to Sheldon Adelson and the Republican Jewish Coalition’s 2014 Spring Leadership Meeting, the NickiLeaks news team sprang into action, elbowing each other to get a chance to cover it. No one wanted to hear what the gonnifs said, knowing it would all be all be a big bunch of babkes, but a chance to go to Sin City on an expense account was too good to be true. Eventually, after taking stock of the qualitiy of the reporters and the size of their bribes, the NickiLeaks political editor decided that if a bunch of Jews were meeting, he had no choice other than to send in the three wise men –...

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The GOP clown show goes to Vegas

In 2012, Sheldon Adelson was the ATM that kept his longtime buddy Newt Gingrich’s campaign alive. Functionally, it was no different then setting fire to big piles of cash, though it was either more or less entertaining, depending on your perspective. In 2016, however, Adelson won’t dump money on the basis of personal friendship. That’s according to a new report from Matea Gold and Philip Rucker of The Washington Post, who say Adelson is focused on picking candidates he thinks can win. “The bar for support is going to be much higher,” said Andy Abboud, Adelson’s top political adviser and an executive at the Adelson-run Las Vegas Sands Corp. He added, “There’s going to be a lot more scrutiny.” So, who would the candidate be that could clear that bar? Well, this weekend he’s hosting former Florida Gov. Jeb Bush, Ohio Gov. John Kasich, Wisconsin Gov. Scott Walker, and...

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