Through the end of 2019, the Trump reelection campaign raised more than $184 million
37% of Trump’s donors give less than $200
In the final quarter of 2019, Trump’s campaign raised $46 million
In September, the Trump campaign spent more than $1 million on Facebook ads
(NewsReady.com) – It should come as no surprise that President Donald Trump’s campaign is flush with cash. The president has a very enthusiastic support base, a huge reelection machine, and consultants all over the country. At the end of 2019, he had outraised all of the Democratic candidates. What may surprise some people is that many of his campaign donors are new political contributors.
In 2015, then-candidate Trump ran his campaign on a relatively small budget. Hillary Clinton’s campaign raised $631.1 million to Trump’s $334.8 million. In fact, Trump’s campaign worked out of Trump Tower and he didn’t even have a pollster. Even with his small operation, and Clinton’s huge war chest, Trump still won the 2016 election. His reelection campaign is a whole different ballgame, though.
The election has not even really begun and the Trump Campaign is swimming in donations — many of which have come from new donors.
According to a report by the Washington Post, these new donors are spending five and six figures to have President Trump reelected. It found 220 people who have handed over cash this time and either sat out in 2016 or donated very little. These donors gave more than $21 million to the reelection campaign.
To put that into perspective, that’s almost as much as Senator Elizabeth Warren raised ($21.2 million) and nearly 6 times more than Rep. Tulsi Gabbard ($3.4 million) raised to run in the Democratic primary.
“There are very few ‘Never Trumpers’ [continuing to hold back support], and there are very few donors who are disengaged…A lot of these people have never been involved before.”
– Republican fundraiser Lisa Spies
The reason for the sudden desire to reelect Trump is attributed to his success. The president managed to pass the biggest tax cut since President Reagan. Additionally, the stock and job markets are doing extremely well. It’s a good time to be a businessperson in the US. These new donors see that, and they want the cash to continue to flow so they want to elect the person most likely to make that happen.
It’s not just Trump’s campaign that is attracting new donors, either. The Post found since the 2016 election, more than 1.6 million people have become new donors of the Republican Party.
One thing is for sure, with the 2020 general election coming up fast, these donations to the party and the president will come in handy.
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