The Economics Of President Trump’s Inauguration

January 20, 2017 in Daily Bulletin

Today Donald Trump is sworn in as 45th President of the United States. In separate articles John Wagner, Karen Tumulty, and, Leada Gore looked at the economics of the event:

  • Trump’s original plan was to make the swearing-in ceremony one of the more flashier ones in recent memory, with the real estate magnate beginning the parade in Manhattan and then flying to Washington D.C.
  • Things have since been scaled back substantially. There will be a parade limited to D.C. and it should last 90 minutes – in the past they’ve lasted more than four hours.
  • The costs of the swearing in ceremony are paid for by the US government, and should run to about $1 million.
  • Post ceremony concerts, balls, and gatherings are paid for the Presidential Inauguration Committee, which raises money from companies and individuals.
  • This year it has raised $100 million – almost double the $55 million that Obama’s committee raised in 2009.
  • Companies are capped to donating $1 million, while individuals face no such limit.
  • Any funds that remain unspent are expected to be donated to charity.

Read more on The Washington Post, and AL