Donald Trump Inauguration Update: How Much Does The Ceremony Cost And Who Pays For It?
President-elect Donald Trump will be sworn in to office in just over two weeks, but his official transition will be an expensive one, with an estimated cost of between $175 and $200 million, according to the Washington Post. While $70 million is funded by private donors, the rest comes from the federal government—or, in other words, from taxpayers.
The hefty price tag follows a steady increase in the cost of presidential inaugurations over the years. President Barack Obama’s 2013 ceremony cost an estimated $170 million, with security and Port-a-Potty rentals jacking up the price, ABC News found. The federal government doled out $114 million in taxpayer funds to pull it off.
For his second ceremony, Obama’s inaugural committee toppled his previous record of between $150 and $160 million—nearly quadruple that of George W. Bush’s $42.3 million inauguration in 2005 and more than five times that of Bill Clinton’s first ceremony, which cost $33 million, in 1993.
This year, expectations for a wave of protests have many worried about the boost in necessary security in Washington on Jan. 20.
“What the intelligence community says publicly is what they say privately, and that is more threats from more directions than ever before,” Senator Roy Blunt (R-Missouri), who chairs the congressional committee planning the inauguration, told the New York Times. “And that just means the Capitol Police and the security elements need to be more thoughtful and alert than ever to what could happen.”
Already, New York City officials have asked the federal government for $35 million to protect the real estate billionaire at the Fifth Avenue skyscraper he calls home for the period leading up to the inauguration, after which Trump is expected to move into the White House.
The ceremony, however, may err on the modest side, perhaps to not only counterbalance extensive security costs but to follow through on the president-elect’s populist appeal, according to Trump fundraiser and supporter Tom Barrack.
“The president-elect wants this to be simple. He wants this to be about the people,” Barrack, the chief executive of Colony Capital, told the Times. “It’s not about putting on the most expensive talent and spending that kind of money to ingratiate himself.”
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