PolitiFact checks campaign finance claims by Trump, Clinton


With less than a week left before the Nov. 8 election, PolitiFact Georgia is looking at how Democrat Hillary Clinton and Republican Donald Trump have fared on fact-checks about major issues in the race for president of the United States.

Today we look at their statements on campaign finance.

Donald Trump on Wednesday, September 28th, 2016 in a speech:

“In her campaign for president, Hillary Clinton has received $100 million in contributions from Wall Street and hedge funds.”

The number one source for this information, opensecrets.com, puts the figure at $64 million.

The center generally considers “Wall Street” and hedge funds to be the securities and investment industry. However, other industries could be added, as well.

Trump’s campaign didn’t respond to us with evidence to back his claim.

We rated Trump’s statement False.

Donald Trump on Tuesday, July 5th, 2016 in a tweet:

“Taxpayers are paying a fortune for the use of Air Force One on the campaign trail” by President Barack Obama and Hillary Clinton.

While the word “fortune” is somewhat subjective and some details about the costs of using the presidential plane are secret, Air Force One is no economy class.

But based on available information, it’s clear that the campaign is only going to be picking up a small fraction of the $200,000-plus hourly costs of using the plane. Taxpayers will pay the rest.

We rated Trump’s statement Mostly True.

Hillary Clinton on Tuesday, March 15th, 2016 in a victory speech after the March 15 primaries:

“Our campaign depends on small donations for the majority of our support.”

Earlier this year, Clinton said the majority of campaign donations are small donations, and while the campaign’s best evidence for this isn’t independently verifiable, Clinton is wrong.

Small donors accounted for only 17 percent of the dollar amount her campaign has collected from individuals through Jan. 31, and 19 percent of the dollar amount collected through Feb. 29.

We rated the statement Mostly False.

Donald Trump on Monday, February 1st, 2016 in a campaign rally in Iowa:

“I’m self-funding my own campaign.”

As of the end of 2015, Trump’s own contributions account for more than half of all money the campaign has taken in.

However, a significant portion of his money comes from individual contributions. For several months last year, the campaign received far more dollars from potential voters than they did from Trump. At the time this story was reported, most of Trump’s contributions have been loans rather than donations, so he may hope to recoup those funds.

The statement is partially accurate but leaves out important details, so we rated it Half True.

Hillary Clinton on Sunday, March 6th, 2016 in a Democratic debate in Flint, Mich.:

“President Obama took more money from Wall Street in the 2008 campaign than anybody ever had.”

Adjusting for inflation, Obama garnered about $3 million more than George W. Bush if you look at the broad “finance, insurance and real estate” sector. But using the “securities and investment” category, a closer measure of Wall Street contributions, Obama definitely set a new record in 2008. However, Romney upped that ante by $5 million in 2012.

Because the statement is accurate but needs clarification, we rated it Mostly True.


Reader Comments ...


Next Up in Georgia Politics

Senators vote to open debate on health care law
Senators vote to open debate on health care law

Republican senators voted Tuesday to open debate on revising U.S. health care law, advancing a signature campaign pledge following a tense and dramatic week on Capitol Hill. But the party voted to do so only with the barest of margins, an illustration of the challenges ahead as leaders look to unite a divided and unruly caucus. Johnny Isakson and David...
Georgia senators vote with GOP to open debate on health care repeal
Georgia senators vote with GOP to open debate on health care repeal

Georgia’s two senators, Johnny Isakson and David Perdue, voted with the GOP’s bare majority Tuesday afternoon to open debate on revising U.S. health care law. In a dramatic nail-biter, the GOP senate leadership won a vote that many thought they could lose. But Isakson’s and Perdue’s votes on this step were never seen as in doubt...
Senators on hot mic: Trump is 'crazy,' 'I'm worried'
Senators on hot mic: Trump is 'crazy,' 'I'm worried'

At the end of a Senate subcommittee hearing on Tuesday morning, Chairman Susan Collins, R-Maine, didn't switch off her microphone. Apparently speaking to Sen. Jack Reed, R.I., the ranking Democrat of the committee, Collins discussed the federal budget — and President Donald Trump's lack of familiarity with the details of governing...
White House purge: 'I'm going to fire everybody,' Scaramucci says
White House purge: 'I'm going to fire everybody,' Scaramucci says

WASHINGTON — Anthony Scaramucci, the new White House communications director, threatened on Tuesday to fire his entire staff in an effort to stem the leaking that has plagued President Trump's administration since almost the first day he took office. "I'm going to fire everybody, that's how I'm going to do it," Scaramucci said...
Your Tuesday political briefing: Health care vote; Carter on single-payer; replacing Sessions
Your Tuesday political briefing: Health care vote; Carter on single-payer; replacing Sessions

Here is what is trending in politics around Georgia and across the nation on Monday. 1. Health care vote set for Tuesday The Senate has scheduled a procedural vote Tuesday on the Republican health care bill. The vote would allow debate to begin on a bill that could repeal and replace the Affordable Care Act. Sen. John McCain, (R-Arizona), will be traveling...
More Stories