Here's how much Newt Gingrich's defunct presidential campaign still owes creditors

All hail Newt Gingrich — still the king of presidential campaign debt.

Gingrich's 2012 presidential campaign committee continues to owe creditors more than $4.63 million, according to new financial documents filed Monday with the Federal Election Commission.

No other presidential campaign committee from any past election cycle owes more.

Gingrich's committee debt has largely remained the same for the past decade, with dozens of campaign vendors who haven't been made whole.

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Comcast, FedEx, X (formerly Twitter) and a consulting company run by another former Republican presidential candidate — Herman Cain, who died in 2020 of COVID-19 — are among Gingrich's 2012 presidential campaign creditors. Gingrich's campaign committee also owes money to Gingrich himself as well as the committee's treasurer, Taylor Swindle.

Gingrich is not personally liable for his campaign committee's debts, per federal law. But he could personally help his campaign pay off debts if he wanted, either using his own money or raising money from others.

Has he? No.

The former U.S. House speaker, who won just two states en route to placing fourth in the 2012 GOP presidential primary, has done little to settle the debts of a campaign committee that bears his name — "Newt 2012". Gingrich's old committee has just $179.61 cash on hand as of Sept. 30.

That hasn't stopped Gingrich from criticizing what he considers the irresponsible spending practices of other politicians.

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"The nation is currently $31.4 trillion in the red," Gingrich wrote in a February opinion article published in the Daily Mail. "Astonishingly, by 2025, interest on the debt may be a larger budget item than the entire U.S. Department of Defense. In the 2022 fiscal year, $475 billion was consumed by interest payments. That's nearly as much as the $677 billion spent on education and more than is spent on veterans' benefits and transportation — combined. A balanced budget — the novel concept of not spending more than is collected in revenue – can save the nation from this fiscal insanity."

"But it won't be easy to get there. I know what it takes," Gingrich added.

"We're deeply committed to lower spending, not higher spending," Gingrich said of Republicans during an interview on Fox Business in May.

A representative for Gingrich could not be reached for comment.

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Despite his old campaign committee's insolvency, Gingrich continues to rank among the Republican Party's favorite fundraising surrogates.

He frequently sends solicitations to conservative donors on behalf of political committees such as the Republican National Committee and GOP candidates including former President Donald Trump, House Majority Leader Steve Scalise and 2022 U.S. Senate candidate Herschel Walker of Georgia.

"When the clock struck midnight last night, House Republicans were still well short of their huge 3rd quarter goal! I don’t want to lie, so I’ll be blunt. This is a disaster," Gingrich wrote on Sept. 29 on behalf of the National Republican Congressional Committee. "Please help us, Friend. We need your support!"

This article originally appeared on July 14, 2023, and has been updated to include new financial details and developments.


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President Donald Trump launched into a lengthy tirade Saturday in defense of professional baseball player Roger Clemens, who he argued has unfairly been denied proper recognition due to unproven “rumors and innuendo,” fueled in part by the Obama administration.

“The Baseball Hall of Fame Committee is voting on admitting new Members TOMORROW, and these highly respected owners, executives, writers, and, most importantly, Hall of Famers, should do the right thing by finally putting Roger Clemens, known as “The Rocket,” in the Hall!” Trump wrote on his social media platform Truth Social.

“Roger Clemens is the only pitcher who has won 300 games to not have the honor of being enshrined in the Hall of Fame, which is a total travesty!”

Clemens has faced accusations of using performance enhancers since the late 1990s, starting with testimony from his former trainer who alleged he had injected Clemens with steroids and human growth hormone, or HGH. While Clemens has repeatedly denied the claims, he would go on to be indicted in 2010 over charges of obstruction and perjury after testifying before a House committee related to the allegations, though would later be found not guilty.

Trump seized on the timing of Clemens indictment to lay blame for him not being recognized in the Hall of Fame directly at Obama’s feet.

“The only reason he is not is because of rumors and innuendo, which were not proven,” Trump wrote.

“He never tested positive and, when the Obama DOJ went after him in a criminal case claiming that he did take steroids, Roger, who has always denied taking any drugs, was FULLY ACQUITTED OF ALL CHARGES.”

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President Donald Trump has repeatedly boasted that revenue from his tariffs will be so substantial that it could fund $2,000 rebate checks for Americans and even eliminate income tax altogether, though even under the rosiest scenarios, economists are saying Trump’s promises are “impossible.”

“We are talking complete fantasy here,” said Daniel Shaviro, a professor at NYU Law, who called Trump’s claim that tariff revenue could replace income taxes “not feasible at all,” speaking with Newsweek in its report Saturday. “Tariffs probably can't supply even as much as 10 percent of the revenues derived from U.S. individual income tax revenues alone."

On Tuesday, Trump claimed that revenue from his tariffs would be “so enormous that you’re not going to have income tax to pay,” having repeated a similar claim last month. According to the Treasury Department, around $195 billion in tariff revenue was collected during fiscal year 2025, and the Trump administration has projected annual tariff revenues reaching “towards a trillion-dollar number” in the future.

Yet, even with these projections, tariff revenue still didn’t come close to plugging the hole that would be created by eliminating federal income tax, which accounts for more than half of all government revenue.

“If you pushed tariffs to their revenue-maximizing limit – which would be very unwise for a host of considerations – they would bring in less than $400 billion a year, a small fraction (about one sixth) of what the income tax raises,” said economist Kimberly Clausing, calling Trump’s claims a “mathematical impossibility,” speaking with Newsweek.

Trump’s tariff policy is at a crossroads this month with the Supreme Court potentially ruling it unlawful as soon as this month. With justices having already heard arguments, and the majority of them responding to the Trump administration’s arguments for the tariffs with skepticism, the president’s key foreign policy could be flipped on its head in a matter of weeks.

“[It is] literally impossible for tariffs to fully replace income taxes,” said Alan Wolff, a senior fellow at the Peterson Institute for International Economics, speaking with Newsweek.

You might think that when you are a US citizen, you cannot have that status taken away. You would be wrong, it turns out. And behind that fact is a long and often ugly history.

Last Sunday, President Donald Trump said that he would “absolutely” denaturalize American citizens if he could. It comes after a wave of harsh rhetoric directed toward immigrants after the tragic shooting of two National Guard members last week.

Yes, the words that the president says have been discounted. But there’s policy behind the rhetorical provocation.

Denaturalization is the process of stripping citizenship from someone who obtained it illegally, such as by not meeting the requirements or by committing fraud or lying during the application process. At first, government interpreted that standard loosely, leading to years of abuse.

As my colleagues Faiza Patel, Margy O’Herron, and Kendall Verhovek explain:

More than 22,000 Americans lost their citizenship between 1907 and 1967 based on political affiliations, race, and gender, according to denaturalization scholar Patrick Weil. President Woodrow Wilson’s administration began denaturalizing German- and Asian-born citizens during World War I, along with anarchists and people who spoke out against the war. During World War II, a push for denaturalization of naturalized citizens from Germany, Italy, and Japan intensified. A primary target included members of the pro-Nazi German-American Bund for disloyalty and insufficient attachment to the principles of the Constitution.

After the war, the Second Red Scare took hold of a country fearful of domestic communism amid its emergence abroad. Sen. Joseph McCarthy of Wisconsin led witch hunts, with denaturalization often used as a tool against accused communists or sympathizers. Among those targets was Harry Bridges, an Australian-born, nationally known labor leader accused of being a communist, who faced an ultimately unsuccessful campaign to revoke his citizenship. The Supreme Court ruled in his favor, not once, but twice.

As Weil puts it, a process that was intended to redress fraud and illegality in the naturalization process became used to “expel from the body politic ‘un-American’ citizens.” But even during wartime, the Supreme Court responded, limiting its use.

Throughout the 20th century, the court issued several rulings setting a high bar for denaturalization. In 1943, the court struck down a move to denaturalize Russian-born William Schneiderman over ties to the Communist Party, requiring a “heavy burden” for rescinding citizenship. And in 1946, the court warned against the use of denaturalization as a “ready instrument for political persecutions.” It’s why in recent decades, denaturalization attempts have been appropriately rare... until now.

Over the summer, Trump directed Justice Department lawyers to “maximally pursue denaturalization proceedings.” At the time, a spokesperson said that “denaturalization proceedings will only be pursued as permitted by law and supported by evidence against individuals who illegally procured or misrepresented facts in the naturalization process.” Trump’s parameters seem to be much broader. In his Thanksgiving Truth Social post, he said he would “denaturalize migrants who undermine domestic tranquility.”

Among his targets? Trump has repeatedly suggested that he is open to denaturalizing New York City Mayor-elect Zohran Mamdani and Rep. Ilhan Omar (D-Minn.). When asked about Elon Musk, he told the press, “We’ll have to take a look.” It appears that crime isn’t so much a motivation as disloyalty; the law isn’t so much a motivation as impulse.

But we shouldn’t mistake impulse for foolishness.

It’s all part of a broader effort to target the rights of immigrants and redefine who is an American. That started on Inauguration Day with the effort to eliminate birthright citizenship, a right that is explicitly in the Constitution. And it’s part of efforts to reverse what top administration officials have called a conspiracy to alter the makeup of the electorate. In an interview, the director of US Citizenship and Immigration Services, Joseph Edlow, accused previous administrations of admitting immigrants to “make them all citizens and then spread them out to try to change demographics elsewhere in the country.” And on the campaign trail last year, Trump adviser Stephen Miller declared, “America is for Americans and Americans only.”

Stripping citizens of their citizenship in the name of making the electorate more “American” is arguably one of the most un-American acts imaginable. More than a century ago, the Supreme Court held that naturalized citizens are on the same footing as those born in the country, and for decades, the Supreme Court has made clear that stripping citizens of their citizenship due to their views or expressions “would run counter to our traditions.”

We are a nation of immigrants and also a nation of laws. The courts must continue to ensure that those laws protect naturalized citizens from being punished for speaking out.

  • Michael Waldman is President of the Brennan Center for Justice at NYU School of Law, a nonpartisan law and policy institute that focuses on improving the systems of democracy and justice.
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