Donald Trump used small donors’ money to buy nearly $300,000 worth of books from the publisher of his Art of the Deal last month, continuing a pattern of plowing campaign money back into his own businesses.
The Oct. 15 Federal Election Commission filing for Trump Make America Great Again Committee does not specify which books in particular were purchased, but the committee’s own website suggests it was Trump’s 1987 business bestseller.
“I’ve signed an out-of-print, hardcover copy of ‘The Art of the Deal’ just for you, because I want you on board with Team Trump!” Trump wrote in an Aug. 2 fundraising email, which went on to offer the book for a minimum donation of $184.
Trump’s statement calling the book “out-of-print,” repeated on the committee’s website, however, is false. The Art of the Deal had a new paperback edition printed last October, and the hardcover is currently in print and available from Random House and retail booksellers. Barnes and Noble, for example, sells it for $22.35.
According to the committee’s Oct. 15 FEC filing, it paid Penguin/Random House $91,866 on Aug. 30, $98,975 on Sept. 1, and another $98,975 on Sept. 22. The purpose for all three was listed as: “Collateral: Books.”
The publishing house has printed five titles by Trump, including How to Get Richand Think Like a Billionaire. The biggest seller, though, was The Art of the Deal, which was published in 1987 but has remained in print ever since. Trump frequently boasts about it in his campaign speeches, and it is the only one mentioned on the Trump fundraising website.
At the standard bulk discount offered by publishers, Trump’s fundraising committee could have purchased some 17,000 copies of the hardcover edition. Under a typical publishing contract, that quantity would generate over $70,000 in royalties, which Trump would have to split with his co-author.
According to Trump’s financial disclosure statement filed in May, Trump received between $50,000 and $100,000 in royalties for that title over the previous year.
http://www.huffingtonpost.com/entry/trump-book-donor-money_us_580e7b09e4b02444efa4e7c4
The Oct. 15 Federal Election Commission filing for Trump Make America Great Again Committee does not specify which books in particular were purchased, but the committee’s own website suggests it was Trump’s 1987 business bestseller.
“I’ve signed an out-of-print, hardcover copy of ‘The Art of the Deal’ just for you, because I want you on board with Team Trump!” Trump wrote in an Aug. 2 fundraising email, which went on to offer the book for a minimum donation of $184.
Trump’s statement calling the book “out-of-print,” repeated on the committee’s website, however, is false. The Art of the Deal had a new paperback edition printed last October, and the hardcover is currently in print and available from Random House and retail booksellers. Barnes and Noble, for example, sells it for $22.35.
According to the committee’s Oct. 15 FEC filing, it paid Penguin/Random House $91,866 on Aug. 30, $98,975 on Sept. 1, and another $98,975 on Sept. 22. The purpose for all three was listed as: “Collateral: Books.”
The publishing house has printed five titles by Trump, including How to Get Richand Think Like a Billionaire. The biggest seller, though, was The Art of the Deal, which was published in 1987 but has remained in print ever since. Trump frequently boasts about it in his campaign speeches, and it is the only one mentioned on the Trump fundraising website.
At the standard bulk discount offered by publishers, Trump’s fundraising committee could have purchased some 17,000 copies of the hardcover edition. Under a typical publishing contract, that quantity would generate over $70,000 in royalties, which Trump would have to split with his co-author.
According to Trump’s financial disclosure statement filed in May, Trump received between $50,000 and $100,000 in royalties for that title over the previous year.
http://www.huffingtonpost.com/entry/trump-book-donor-money_us_580e7b09e4b02444efa4e7c4