Sheldon
Adelson Is Poised to Give Donald Trump a Donation
Boost
By Jonathan
Martin
May 14, 2016 "Information
Clearing House"
- "NYT"
- The casino magnate
Sheldon G. Adelson told
Donald J. Trump in a private meeting last week
that he was willing to contribute more to help elect
him than he has to any previous campaign, a sum that
could exceed $100 million, according to two
Republicans with direct knowledge of Mr. Adelson’s
commitment.
As
significant, Mr. Adelson, a billionaire based in Las
Vegas, has decided that he will significantly scale
back his giving to congressional Republicans and
direct most of his contributions to groups dedicated
to Mr. Trump’s campaign. The two Republicans
familiar with Mr. Adelson’s plans spoke anonymously
because they were not authorized to discuss the
matter publicly.
Mr. Adelson’s
pledge to Mr. Trump, the presumptive Republican
presidential nominee, comes at an opportune time.
Mr. Trump has relied on a mix of his own wealth and
small-dollar contributions to finance his primary
effort and lacks the sort of major donor network
needed to sustain him in the general election. Mr.
Trump has said that he may need $1 billion for the
campaign but has only recently begun scheduling
fund-raisers and hiring finance staff members. Many
of the Republican Party’s wealthiest contributors,
including the billionaire brothers Charles G. and
David H. Koch, have indicated they are unlikely to
give to his candidacy.
What remains
unclear is how Mr. Adelson plans to contribute his
money to Mr. Trump. He will give the maximum allowed
to Mr. Trump’s campaign and the Republican National
Committee, but to spend the amount he contemplates
would require donating through a “super
PAC,” able to accept unlimited donations.
According to
the Republicans familiar with Mr. Adelson’s
planning, he and his advisers are still uncertain
about which super PAC to use as their vehicle for
the bulk of the contributions. They are wary of some
of the current groups that purportedly exist to help
Mr. Trump, who has been clear that he is uneasy with
outside entities promoting his candidacy. At
rallies, he has consistently criticized opponents
who relied on super PACS, saying they were being
bought by wealthy donors.
Mr. Adelson,
82, the chief executive of Las Vegas Sands, is among
the world’s wealthiest individuals and has given
hundreds of millions of dollars to Republican
candidates and causes over the years. In 2012, he
contributed at least $98 million to Republican
efforts, according to a study by ProPublica. But
that money went to 34 separate campaigns and groups.
Mr. Adelson is
frustrated by congressional gridlock and believes
the only way to affect the country’s political
system is to ensure a Republican president is
elected, say the Republicans familiar with his
thinking.
While he may
help some local or gubernatorial candidates, he is
not planning to give much to congressional
candidates or super PACs dedicated to keeping
Republican control of the House and Senate, a
substantial blow given the largess he has showered
on them in recent elections.
Mr. Adelson
and his wife, Miriam, met with Mr. Trump and his
campaign manager, Corey Lewandowski, at the St.
Regis Hotel in Midtown Manhattan while Mr. Adelson
was in town for a gala dinner to benefit the World
Values Network, an organization dedicated to
disseminating Jewish values in politics, culture and
media. The two moguls, who do not know each other
well, had met earlier in the campaign.
But their
conversation last week marked the first time they
had talked in person since Mr. Trump effectively won
the nomination this month.
Mr. Trump
assured the Adelsons that he was dedicated to
protecting Israel’s security, an issue about which
the couple are passionate.
The Adelsons
contributed to Senator Ted Cruz of Texas during the
Republican primaries, but kept a far lower profile
than they had in 2012, when Mr. Adelson was a major
benefactor of Newt Gingrich. Mr. Trump
targeted Mr. Adelson on Twitter in October,
writing that Mr. Adelson wanted to make Senator
Marco Rubio of Florida “his perfect little puppet.”
But Mr.
Adelson was plainly not bothered — or he at least
forgave Mr. Trump. He told reporters last week he
would get behind Mr. Trump and wrote an op-ed
article in Friday’s Washington Post extolling his
fellow casino owner.
“He is a
candidate with actual CEO experience, shaped and
molded by the commitment and risk of his own money
rather than the public’s,” Mr. Adelson wrote, adding
that Mr. Trump “has created a movement in this
country that cannot be denied.”
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