WASHINGTON — Officials are putting the final touches on what will be nearly a week of celebrations for Donald J. Trump’s inauguration as president on Friday. But pomp and circumstance does not come cheap.
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Here’s a peek at the dollars and cents behind the events in Washington.
How much will it cost?
The price of Inauguration Day and the week leading up to it could top $200 million, based on the cost of inaugurations past and estimates by officials planning the week’s events. Costs could fluctuate depending on the weather on Inauguration Day and the size of the crowd that turns out.
Who foots the bill?
In bureaucratic terms, the costs are shared by the Joint Congressional Committee on Inaugural
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What is the Presidential Inaugural Committee, and where does it get its money?
The committee comprises friends and loyal donors of Mr. Trump’s. With a staff of several hundred people, it plans all of the eye-catching events of the week, including inaugural balls, a concert on the eve of the swearing-in, and a series of private dinners for the president and his incoming administration. The group then raises money from private donors to cover the costs.
What does Congress cover?
Congress plays a less expensive but high-profile role. The Joint Congressional Committee on Inaugural Ceremonies, made up of leaders of both chambers, is responsible for orchestrating the swearing-in on Friday outside the Capitol and an inaugural luncheon that will follow. Congress has appropriated $1.25 million for the
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Security, and it’s not even close. Law enforcement and intelligence officials have been working for more than a year to ensure that the transfer of power goes off seamlessly. About 28,000 personnel from three dozen state, local and federal agencies, including the Secret Service, the F.B.I. and the National Guard, will be on watch this week, and that is not cheap. Security costs could easily top $100 million, which will eventually be paid for by the federal government.
How does Mr. Trump’s inauguration compare to those in years past?
It will be difficult to compare costs until after the week is over, but Mr. Trump’s inauguration week could well be the most expensive in history thanks to inflation and a sharp uptick in donations.
Mr. Trump’s inaugural committee has proved to be a juggernaut, raising $100 million from a mix of corporations, wealthy individuals and smaller-scale supporters willing to chip in a few bucks. It has easily surpassed the record of $53 million set by the Obama team in 2009. How much of that the committee will spend, and how, is less
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nearly $29 billion at the federal level and $84 billion at the state and local
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Hundreds of millions of dollars are raised and spent on elections every year in the United States of America. The 2012 election season is recorded to be the most expensive in history thus far. Sheldon Adelson, a billionaire that runs Las Vegas Sands (America’s largest casino company) reportedly contributed $150 million dollars to 2012 campaigns. According to Huffington Post, “He plans to double his political investments in 2016” (qtd in Mogulescu). Donors of campaign money play a huge part in presidential elections and where there is money being raised there is money being spent.
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Another point discussed by Dr. Williams is the listing of statistics of government spending. He states that $500
As any American may know, when a candidate for the presidency has become newly elected, they must give a speech as they are inaugurated into office. On January 20, 2017, President Donald J. Trump took office with open arms as he became the forty-fifth president of the United States of America. The inaugural speech he recited that day echoed within the minds of millions of Americans and people worldwide.