Trump to accept corporate donations for inauguration: report

Source: The Hill | November 23, 2016 | Nikita Vladimirov

President-elect Donald Trump will relax donation restrictions on corporations and individuals to raise money for his inauguration, according to The New York Times.

But he will ban contributions from lobbyists, a follow-up to his team’s purge of lobbyists from the transition effort. Several sources involved in the planning told the newspaper that Trump is hoping to raise between $65 million and $75 million to fund festivities and parades related to his inauguration.

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The Times reported that Trump would accept corporate donations up to $1 million and allow money to be transferred from super-PACs on a case-by-case basis, citing officials involved in the planning.

The move by Trump could raise eyebrows from critics who have pressured the president-elect to uphold his campaign-long pledge to limit the power of special interests in Washington D.C.

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