Say what you want about President Trump, he is very sly at out-maneuvering liberal elites and what he just did to George Soros was nothing short of BRILLIANT!
Not only is he keeping his promise, that should make both sides happy, to reduce the financial influence of private special interest groups on Washington…
But he has just made almost worthless the millions of dollars George Soros has already flushed into the US to fight Trump’s presidency!
Donald Trump has already filed to run for President again in 2020, with the FEC!
By filing with the FEC to run in 2020, he has literally shut down nonprofit organizations from affecting the 2020 elections, basically shutting Soros up for the next four years!
From Zero Hedge:
A document from the Federal Elections Commission (FEC) indicates that Donald Trump took steps last week to outmaneuver nonprofit organizations, leaving them unable to officially campaign against him over the next few years of his Presidency.
Filed on January 20th, 2017, the letter states that, while not an official announcement for reelection, Donald Trump has filed an FEC Form 2 in order to “ensure compliance with the Federal Election Campaign Act.” This is an unprecedented, although legal, move for the President to make. Barack Obama did not file for his 2012 re-election bid until April 2011. Having filed (even if not formally announcing a bid) as a candidate, Trump would be able to coordinate with PACs and other similar organizations.
More importantly, 501(c)(3) nonprofit organizations would no longer be able to engage in “political speech” which could theoretically affect the results of the 2020 U.S. Presidential Election without running the risk of losing their nonprofit status. The move effectively bars interest groups from creating nonprofits which they could funnel money into for the purposes of opposing Trump’s initiatives.
This will likely create chaos for political opponents of Trump such as George Soros, who has sunk significant amounts of money into various nonprofit groups with the intent of opposing Trump’s government. How 501(c)(3) organizations will comply with the FEC’s regulations when participating an actions which qualify as political speech remains to be seen.
Go President Trump