No swamp-draining: Trump to raise millions from corporations for inauguration
Trump is relaxing restrictions on corporations and individuals who wish to give him a big sendoff.
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.
President Barack Obama raised approximately $43 million for his inauguration in 2013 and $53 million for his inauguration in 2009, according to The Times.
In 2009, Obama put in place strict restrictions on inaugural donations, limiting individual contributions to $50,000 while banning donations from lobbyists and corporations, according to the report.