Donald Trump's 2023 inauguration is set to be a lavish affair, with an estimated cost of over $200 million. This article delves into the intricate details of who foots the bill for this monumental event, exploring the contributions from wealthy individuals, corporations, and the federal government.
Donald Trump 's first inauguration in 2017 was estimated to cost as much as $200 million. This year, Trump's inaugural committee is expected to raise more than $200 million by the end of the effort. That total would exceed the cost of Trump's 2017 inauguration, which had an estimated price of $175 million to $200 million.
After Election Day, the President-elect appoints the Presidential Inaugural Committee, which this year is being co-chaired by real estate developer and investor Steve Witkoff and former senator Kelly Loeffler. The committee oversees functions and activities connected with the ceremony -- including opening ceremonies, the parade if one is held, galas and balls. Inauguration Day costs are divided by what the committee pays for via donation and what the federal government pays for via taxpayers. The Associated Press reported that Trump’s inaugural committee is expected to raise more than $200 million by the end of the effort. That total would exceed the cost of Trump’s 2017 inauguration, which had an estimated price of $175 million to $200 million. Trump’s committee later faced legal action when a lawsuit alleged it overpaid for events at Trump’s hotel and enriched his family in the process. Trump’s businesses and committee in 2022 with the New York Times reporting there are no limits on contributions to an inaugural committee. Foreign nationals are prohibited from making donations to the inaugural committee. The names of those who donate $200 or more must be reported to the Federal Election Commission by 90 days after the inauguration, per The Washington Post. Amazon and Meta, the parent company of Facebook and Instagram, said last month they were each planning to donate $1 million to Trump’s inaugural fund. OpenAI CEO Sam Altman also said he was planning to make a $1 million personal donation. That drugmaker Pfizer, telehealth company Hims & Hers and the tax service Intuit each donated $1 million. The stock trading app Robinhood, per the report, contributed $2 million. All combined, they have helped give Trump’s committee a record-breaking amount of funds to use for Inauguration Day festivities. Money leftover from the committee is expected to be used toward a future Trump presidential library, according to The Associated Press. The Trump Vance Inaugural Committee has announced the entertainment lineup for this weekend’s inauguration events. Here’s the list of musical acts and where they’re expected to perform
DONALD TRUMP Inauguration Expenses Donations Presidential Inaugural Committee Federal Government Fundraising Entertainment
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