Politics

How Trump has used the presidency to benefit himself and his allies

Published

5 months ago

June 3, 2026

President Donald Trump tried to create a near $1.8 billion fund that could be funneled to his supporters as a means of settling a lawsuit he filed against his own government — even arguing that he “gave up a lot of money in allowing” it.

After drawing outcry in Congress and the courtshowever, acting Attorney General Todd Blanche told lawmakers on Tuesday that the administration was scrapping plans to create the fund. That potentially means the suit — and the possibility that the president could still cash in — might be back on.

Trump hasn’t been shy about turning the presidency into a major source of personal benefit, involving everything from merchandising deals to crypto ventures to high-dollar political and official events at his properties.

Asked about possible self-dealing, the White House called such suggestions “the same, tired narrative that Democrats have pushed against President Trump, his family, and his administration for a decade.”

“President Trump only acts in the best interests of the American public — which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media,” spokesperson Anna Kelly said in a statement. “There are no conflicts of interest.”

Here are some key ways Trump has reaped rewards for himself, his children and allies in his second term:

Suing his government and deals favoring his family

Last year, the president submitted a claim seeking $230 million in compensation from the Justice Department for a FBI search of his Mar-a-Lago estate in Florida as part of an investigation into whether he took classified records from the White House.

In January this year, Trump, his two eldest sons and the family’s business, the Trump Organization, filed a $10 billion lawsuit against the IRS and Treasury Department after a former IRS contractor illegally leaked Trump’s tax returns.

In an attempt to resolve those cases, Trump’s government agreed that $1.776 billion in taxpayer funds be distributed to people who believe they were targeted by past administrations for politically motivated prosecution — including the Trump supporters imprisoned for attacking police while overrunning the U.S. Capitol in 2021.

Rioters loyal to President Donald Trump are pictured at the U.S. Capitol in Washington, Jan. 6, 2021. (AP Photo/Jose Luis Magana, File)

After blowback from even some congressional Republicans, the Justice Department now said it would comply with a ruling temporarily blocking the fund. Blanche was clearer on Tuesday, telling a House committee that, “We’re not moving forward with the fund.”

But there was less clamor about another part of the deal allowing the government to drop pending IRS audits into Trump and his relatives. Blanche said the Justice Department was not abandoning that part of the agreement.

Separately, the Air Force has agreed to purchase interceptor drones from Powerus, a Florida-based company linked to Trump’s family. And ProPublica reported that direct intervention from the White House preceded the Pentagon agreeing to loan $620 million to Vulcan Elements, a North Carolina startup linked to Donald Trump Jr.

Trump Organization spokesperson Kimberly Benza denied any ethical conflicts between the White House and the family business.

“The Trump Organization operates completely separate from the presidency and is in full compliance with all ethics and conflict-of-interest laws,” Benza said in a statement.

As for Powerus, Benza said Eric Trump was “a passive investor in a vehicle that, among many others, holds an interest” in the company, but wasn’t involved in its decision-making or management.

President Donald Trump and Eric Trump watch the Maaden LIV Golf Virginia tournament at Trump National Golf Club, May 9, 2026, in Sterling, Va. (AP Photo/Alex Brandon, File)

Trading in financial markets he can help move

Trump has traded stocks and bonds in unprecedented ways for a sitting U.S. president.

Office of Government Ethics filings show Trump made more than 3,600 stock trades in the first quarter of 2026 alone — transactions far exceeding $100 million in value.

Many of those trades involved sizable purchases of shares of technology and artificial intelligence giants like Nvidia, Dell, Oracle and Palantir before Trump’s administration took policy actions favoring those firms.

Similar disclosures last year show that Trump bought up more than $300 million in bonds issued by companies, states and municipalities even as he repeatedly pressed the Federal Reserve to lower interest rates — a move that could help drive up the value of his holdings.

Specialist Michael Pistillo works at his post on the floor of the New York Stock Exchange, Friday, May 29, 2026. (AP Photo/Richard Drew)

Crypto ventures

Trump’s family has raked in big profits in the crypto sector since he was reelected. A key driver has been the $TRUMP meme coin, announced the day before Trump took office. Some 220 of the top investors were invited to a subsequent, private reception with the president.

Trump’s family also has a controlling stake in World Liberty Financiala crypto firm co-founded with the president’s special envoy Steve Witkoff and run by his son Zach. It has its own stablecoinsUSD1, and got a major boost when, just before Trump took office, an investment fund linked to the United Arab Emirates bought a large stake in it.

An Abu Dhabi state-backed investment firm, MGX, subsequently pledged to use $2 billion worth of USD1 to purchase a stake in Binancethe world’s largest cryptocurrency exchange — a move that further bolstered World Liberty Financial.

Trump-branded bonanza Beyond the digital realm, scores of companies pay to license the president’s name for physical products, from Bibles, guitars and sneakers to watches, fragrances and a gold-hued cellphone.

Trump has promoted many such goods on social media, particularly during his 2024 campaign, but they’ve also made conspicuous appearances at the White House.

When French President Emmanuel Macron and Ukrainian President Volodymyr Zelenskyy visited last summer, Trump showed them a merchandise room off the Oval Office stocked with goods for sale on his website. A few months later, video emerged of Trump at the White House spraying Syrian President Ahmad al-Sharaa with bottles of his “Victory 47” cologne and perfume, which he gave him as a gift.

The president displayed hats emblazoned with “Trump 2028” on the Resolute Desk while meeting with congressional Democrats last year. And, during a televised Cabinet meeting in May, at every seat was a red hat commemorating America’s 250th anniversary.

Each hat sells for $55 on Trump’s website.

A mask with the likeness of Donald Trump is used to sell hats that read “Trump 2028″ and “Make America Great Again” on the street next to the Walk of Fame star honoring Donald Trump on Hollywood Blvd., Feb.12, 2026, in Los Angeles. (AP Photo/Damian Dovarganes, File)

Paydays for the president’s properties

The Republican National Committee and various political groups associated with Trump and the GOP have held fundraisers and political events at Mar-a-Lago, as well as Trump’s estate in Bedminster, New Jersey, and his golf clubs in Doral, Florida, and Sterling, Virginia.

The LIV Golf league, controlled by the Saudi Public Investment Fund, which is helmed by Crown Prince Mohammed bin Salman, has held events at Doral. Trump will host the G20 summit there in November.

That means world leaders, support staff, business executives, journalists and the bevies of others involved will be paying the Trump Organization, which purchased Doral in 2012, to attend. The president has already tried to head off criticism of self-dealing around the summit, saying that government attendees will be billed “at-cost” and “We will not make any money on it.”

Renovation and construction projects

Qatar gave Trump a $400 million jet that he intends to employ as Air Force One, then store at his presidential library after he leaves office. The gift has undergone extensive taxpayer-funded rebuilding and security upgrades that lawmakers estimate may exceed $1 billion.

Trump has also ordered up scores of renovation projects meant to leave his mark on Washington while passing on the costs to taxpayers.

He long insisted that wealthy donors would pay for the $400 million ballroom he demolished the White House’s East Wing to build — only to seek $1 billion in federal funding for security upgrades he says the military and Secret Service have sought as part of the project.

At least $15 million in public funds is going for a ceremonial arch. The National Park Service is also paying a contractor $13.1 million to carry out the Trump-directed renovation of the Lincoln Memorial Reflecting Pool.

Politics

Blakeman’s uptown fracking fiesta

Published

2 hours ago

October 20, 2026

Blue Light Newsroom

GOP gubernatorial candidate Bruce Blakeman has hammered Gov. Katy Hochul over rising energy costs but has not offered a plan to lower them.

BLAKEMAN’S (LACK OF) ENERGY PLAN: GOP gubernatorial candidate Bruce Blakeman continued to hammer Gov. Kathy Hochul on rising energy costs today, promising to slash utility bills in half if he’s elected.

The Republican, however, still has not offered up a policy proposal on how he’d go about doing that.

“Kathy Hochul increased our utility rates 48 times in four years,” Blakeman said in upper Manhattan this morning.

The Washington Heights press conference, which included former Gov. George Pataki, was heavy on rhetoric and relatively light on details. Afterward, Blakeman’s campaign would not spell out how exactly he plans to cut consumer utility costs and did not respond to a request for clarification about his claim that Hochul increased utility rates 48 times. (While the state’s Public Service Commission has approved increases in major utility rate cases during Hochul’s tenure, those hikes have been less than what the utilities requested.)

“Donald Trump’s puppet, Bruce Blakeman … wants data centers raising your costs and said Trump was doing an ‘amazing job’ after he jacked up utility bills.” Hochul campaign spokesperson Sarafina Chitika said in a statement. “Two weeks from irrelevance, here’s what Blakeman won’t tell you: Governor Kathy Hochul delivered a billion dollars in energy relief, ten billion in tax relief, and made data centers pay for the energy they use.”

The Nassau County executive described meeting the owner of a Bronx diner who told him the business would need to sell 1,000 burgers a month to pay its $16,000 utility bill. Blakeman said he would legalize fracking to help New Yorkers lower their energy bills fast.

Aside from the fact that fracking doesn’t necessarily lead to lower utility bills and the reality that Blakeman would need buy-in from the state’s Democratic-dominated Legislature to do so, he insists that legalizing fracking could offer near-term relief from high energy costs.

“I met with those same individuals and companies that are doing the extraction of natural gas in Pennsylvania. They told me they can be up and running in 60 days,” Blakeman said. “If Albany has the will to reduce people’s utility bills … we can get it done in 60 days.”

He pointed to Pennsylvania, arguing that the state has lower electric bills because it allows fracking. But he neglected to mention that Pennsylvania is not part of the Regional Greenhouse Gas Initiative — the carbon trading program of 11 eastern states, which Blakeman has pledged to withdraw from if he is elected.

Pataki, the last Republican to serve as governor in the Empire State, spearheaded the creation of that initiative, which is commonly known as RGGI.

“The concept is right, but the way it’s being done in Albany is wrong,” Pataki said at the presser, accusing Albany of using RGGI as a “slush fund.”

Even if New York did withdraw from RGGI, the benefit would amount to a 5% to 6% decrease on an average New York residential household bill, according to an estimate from National Grid — barely making a dent in the 50% Blakeman is promising to slash.

Exactly how the state would cover the rest of his proposed cut remains unclear.

Affordability, though, continues to be a key concern in Washington Heights, a largely Dominican neighborhood that Mayor Zohran Mamdani did well in during his ascent to victory last year.

To drive their message home, the Republicans even attempted to make their pitch in Spanish. Pataki, much more practiced in this than Blakeman, talked about how much he loved the “barrio” when he was governor, describing Blakeman as a leader “muy fuerte.”

“Gracias, hombre grande,” Blakeman exclaimed, before touting what he views as the GOP ticket’s immigrant bonafides — Saritha Komatireddy for attorney general and Joe Hernandez for comptroller.

“Governor, your Spanish is better than my Spanish, and I grew up speaking it,” Hernandez praised Pataki. — Mona Zhang

From the Capitol

A coalition of public employee unions are spending through super PACs to support Gov. Hochul.

LABOR BOOSTS GOV: A coalition of public employee unions is joining the crowded roster of super PACs spending on the gubernatorial election.

The New York Accountability Coalition has received $550,000 in recent weeks from the Civil Service Employees Association, Public Employees Federation, District Council 37, and CWA District One. It’ll soon spend that money to boost Hochul.

The governor “is laser-focused on lowering costs for working families and investing in public services,” AFSCME’s Courtney Brunelle-Kim said. “Bruce Blakeman is just another pay-to-play politician. From now until Election Day, we’ll be working to ensure that voters in key districts know The Blakeman Record.”

The super PAC spent $460,000 this spring helping Comptroller Tom DiNapoli as he faced two Democratic primary challengers. — Bill Mahoney

FROM THE CAMPAIGN TRAIL

A clean energy super PAC's ad was pulled after Republican House candidate Anthony Constantino's lawyer alleged it was defamatory.

AD PULLED: A clean energy super PAC yanked a version of an ad airing in a competitive upstate House district after Republican candidate Anthony Constantino’s attorney complained the spot was defamatory.

The group Invest In Tomorrow Coalition recently began airing the spot in the sprawling North Country House seat that accused Constantino — who runs a custom sticker business — of selling anti-police merchandise.

“What do Anthony Constantino and violent anti-cop extremists have in common? They both think ‘kill the police’ is a good slogan,” the ad’s narrator says.

Constantino’s attorney last week contacted a lawyer for the super PAC alleging the contents of the ad were false and defamatory. On Saturday, the group signaled it would suspend further distribution of the current ad. So far, the PAC has spent some $243,000 in the district in the last three days, according to AdImpact.

“Anthony Constantino may lawyer up, but he can’t sticker over the truth: he’s gotten rich off selling vile merch, including hosting a listing for a ‘Kill the Police’ sticker and other anti-cop listings that are still active today,” said Chris Coffey, a spokesperson for the group. “As a token of our gratitude and recognition of his desire to spread that message, ITC PAC is putting $250,000 more behind the original ad buy to make sure all of NY-21 knows the real Anthony Constantino.”

The fight over the commercial comes as Constantino is trying to retain the seat being vacated by GOP Rep. Elise Stefanik. Polls have shown Democrat Blake Gendebien running competitively against the Republican, however, giving the race a surprising dose of uncertainty in the final two weeks. — Nick Reisman

HOUSE HUNTING: Two New York battleground districts have again moved in Democrats’ favor, according to a nonpartisan election forecaster.

Sabato’s Crystal Ball shifted Stefanik’s upstate seat from “likely Republican” to “leans Republican” today, as well as Democratic Rep. Laura Gillen’s Long Island district from “leans Democratic” to “likely Democratic.”

The Stefanik seat covers a sprawling, deep-red area — though Democrats are feeling bullish in part because of the Trump administration’s tariffs impacting farmers there.

Gillen faces a challenge from Hempstead Receiver of Taxes Jeanine Driscoll. Kamala Harris narrowly won that district in 2024, but Republicans are counting on tailwinds from Blakeman, the Nassau County executive, to boost down-ballot candidates. — Madison Fernandez

IN OTHER NEWS

— REAL ESTATE STRIKES BACK: A new organization called Built For New York hopes to promote the real estate industry’s interests in the wake of a pro-tenant political sweep in New York City. (The New York Times)

— PAC ALERT: A coalition of Jewish Democrats from the Capital Region launched a state-level PAC dedicated to supporting liberal candidates who push back on anti-Jewish and anti-Israel forces. (Jewish Insider)

— BOOZE BUCKS: Lily Fan, chair of the State Liquor Authority and a close Hochul ally, donated $40,000 to a pro-Hochul super PAC that’s run by people who lobby the liquor industry. (New York Focus)

Missed this morning’s New York Playbook? We forgive you. Read it here.

Politics

Trump is promising farmers $8B. Republicans are praying it will save their campaigns.

Published

4 hours ago

October 20, 2026

Blue Light Newsroom

Republicans locked in tight races this November are desperately hoping the Trump administration’s last-minute gambit to send farmers $8 billion in taxpayer money will work.

President Donald Trump announced the new round of money, aimed at farmers struggling with high diesel prices, during a Monday rally for at-risk GOP Sen. Roger Marshall in Kansas. The move comes as White House officials have scrambled to address anger in farm states from Republicans. Trump’s decisions to import more foreign beef, his tariff regime and high fuel costs amid the Iran war have riled already strained farmers and ranchers — a key GOP voting bloc.

Farmers won’t know how much money to expect for several more weeks. Even then, if approved, they won’t receive the payments until late November or early December at the earliest, according to three people close to the plans, granted anonymity to share details.

With two weeks to go before the election, the new aid may also arrive too late to convince some voters.

But top Republicans are banking on the announcement to stem GOP bleeding in farm states — especially in the Midwest, where Marshall, GOP Senate nominee Ashley Hinson in Iowa and GOP Senate nominee Mike Rogers in Michigan have been struggling in their election campaigns. In some cases, they’ve broken with Trump publicly on high prices and the war.

“This will go a long way to making sure the folks that feed us have it a bit easier when they most need it,” said Rep. Derrick Van Orden, referring to the farmers in his district. The Republican is locked in a highly competitive race in a rural-heavy stretch in Wisconsin’s 3rd District.

However, the internal USDA taxpayer-funded account Trump is tapping for the payments doesn’t actually have enough money in it right now to make the payments, meaning Congress will have to approve the new funds or the administration will have to take it from another program, according to three Trump officials who were granted anonymity to discuss private conversations.

Marshall — who’s facing a tougher-than-expected reelection campaign in deep-red territory — and Rep. Austin Scott (R-Ga.) were among the Republicans who helped push for the $8 billion, according to the three Trump officials.

Marshall requested the administration allocate money to assist farmers with spiked fuel costs in a letter to Agriculture Secretary Brooke Rollins in September.

“Roger Marshall is the leader who fought for that to happen,” Trump said during the Monday rally.

Spokespeople for Marshall and for Scott did not respond to requests for comment. The White House referred Blue Light News to USDA’s announcement on the money.

USDA spokesperson Harry Fones said in a statement that the aid package is Trump’s “latest action to deliver” for farmers and the department is actively reviewing the data to determine payments.

Trump’s decision also comes after administration officials realized the president’s previous step to make off-road dyed diesel more widely available had limited benefits for farm country over other options, according to two of the Trump officials and another administration official involved in the matter. Top agriculture lobbyists further warned the dyed diesel plan could actually backfire on farmers, because they could still be required to pay taxes on the product — just further down the road.

So, Trump officials settled on the $8 billion tranche of direct money for farmers, given that similar kinds of payments to farmers — dating back during the president’s first trade war in 2018 — have quelled enough farmer and rural voter anger to shore up necessary support for Republicans during election season.

Trump officials and Republican operatives in the Midwest are banking on the money shoring up support again this cycle — especially for GOP voters who are angry but also don’t want to vote for Democrats. Trump heads this Thursday to Iowa — where top Republicans have been worried about internal polling that warned several weeks ago they could lose all three Iowa House races, key Senate races and other once-safe red seats across farm states.

“It’s going to help bring farmers’ votes out,” Sen. Chuck Grassley (R-Iowa) told Blue Light News of Trump’s plan on Tuesday.

“This is some way that the federal government can step in to help farmers for problems that they face through no fault of their own,” he said.

Most Hill Republicans weren’t given a heads-up about Trump’s announcement, including appropriators, and many hadn’t received any details from USDA as of Tuesday morning, according to two people familiar with the conversations who were granted anonymity to share private details.

Top agriculture groups have warned they’d need at least $50 billion in direct aid this fall to make farmers whole following the impacts of tariffs, weather-related disasters and other high costs linked to the Iran war’s chokehold on agricultural supplies. Farm-state Republicans are pushing to add at least $12 billion in direct farm aid payments to a separate year-end legislative package.

Monday’s aid rollout followed a number of other funding announcements made in swing rural districts. The White House doled out a first round of $12 billion in bailout funds earlier this year for growers of top agricultural commodities who were hit hard by Trump’s tariff agenda.

Alongside Republican Senate candidate Mike Collins in Georgia, Rollins announced a $3.3 billion loan to build a power plant last week. Rollins rolled out $180 million in funding for seed research alongside vulnerable Iowa Reps. Zach Nunn and Marianette Miller-Meeks earlier this month.

Trump also said he would approve long-derailed permanent year-round sales of ethanol during the Kansas rally — which would be a critical boon for corn growers across the Midwest. But the move has been long-stalled in Congress.

“With Roger Marshall in the Senate, we will make year-round E15 permanent. But if Adam Hamilton is in, I’m not doing it,” Trump said. “That’s a big deal for Kansas, actually.”

Rachel Shin contributed reporting.

Politics

Poll: Voters see Republicans as the party of Big Tech tax breaks

Published

7 hours ago

October 20, 2026

Blue Light Newsroom

Americans are fed up with data centers and Big Tech, and Republicans are poised to take more of the political blame in the Nov. 3 midterms.

The Blue Light News Poll found last week that Americans were far more likely to associate the GOP with giving tax incentives to tech companies at a time when the public’s concerns about artificial intelligence and data center sprawl are only deepening.

Nearly half of respondents — 47% — called Republicans the party of tech tax breaks, more than double the 21% who said the same for Democrats.

Voters are also far more likely to want candidates who propose stripping away tax incentives for the data centers needed to fuel the AI boom, according to the new poll, conducted by PF Global.

About a fifth of respondents said that ending those tax breaks would be among their most important tax issues in the midterms, while only 1 in 10 wanted to offer new preferences for data centers.

The top tax priorities for voters, according to the poll, are hiking taxes on billionaires and curbing breaks for big companies.

The findings come as lawmakers in both parties have scrambled to respond to the growing voter concerns over AI and data centers — and as Americans increasingly associate Silicon Valley titans with the Republican Party.

But in both Democratic and Republican-led states alike, governors have sought to put new limits on tax incentives that were already approved for data centers.

Sen. Bernie Moreno (R-Ohio) rolled out a proposal last week that would take that a step further by imposing a 100% tax on any state or local incentive offered to AI data centers.

But it’s Democrats who have gone more on the offensive about the issue.

Former Sen. Sherrod Brown, for instance, has made data center incentives a key issue as he tries to unseat Sen. Jon Husted (R-Ohio), a former state lawmaker and lieutenant governor.

“Jon Husted’s ‘deals’ gave wealthy tech companies a windfall and left Ohioans footing the bill,” Brown recently posted on social media.

Democrats have specifically homed in on Meta, which has cut its tax liability in recent years by billions of dollars as it builds out its AI products. And they have sought to tie expanded tax breaks approved by Republicans in last year’s megabill to the increase in data center construction.

The GOP enacted incentives for companies in a broad array of industries as part of the 2025 tax cuts. But Big Tech has found those tax breaks particularly useful, helping to drive a big decrease in corporate tax payments as AI spending keeps trending upward.

Meanwhile, Democrats with 2028 ambitions have floated new taxes on AI companies, while Democratic lawmakers have teed up legislation that would keep data centers from taking advantage of incentives like Opportunity Zones and bonus depreciation, both of which Republicans expanded in 2025.

In fact, Sen. Jon Ossoff (D-Ga.) recently gave last year’s megabill another new name in a recent debate with his opponent, Rep. Mike Collins (R-Ga.).

“I want to know if you will commit to voting to repeal that data center tax scam that you voted for,” Ossoff said.

It’s not clear how much the current anti-AI energy will lead to new legislative limits in the coming months. But the new poll found Americans have a real fear of the unknown with artificial intelligence.

A majority of respondents said that tech chief executives had been secretive about the potential risks of AI, while a plurality of Americans believe both that the risks of artificial intelligence development outweigh the benefits and that the government should strictly regulate the emerging technology.