How Much Outside Money Did Trump Raise For His Campaign
Trump Lost the 2020 Election. He Has Raised $207.5 Million Since.
President Trump's nonstop fund-raising in the month after his loss at the polls ensures his new political operation — any shape it takes — will continue to be well-financed.
Fifty-fifty in defeat, President Trump continued to raise coin at some of the fastest rates of the year, pulling in $207.v million in the month since Election Twenty-four hour period along with the Republican Party as he made baseless claims of voter fraud to undermine the legitimacy of the ballot.
Mr. Trump's campaign apparatus has connected to aggressively solicit donations under the guise of supporting his diverse legal challenges to the election of Joseph R. Biden Jr., only as of now 75 percentage of donations goes to a new political activity committee that Mr. Trump formed in mid-November, up to the PAC's legal limit of $v,000. The other 25 pct goes to the Republican National Committee. Only if a donor gives more than than $6,000 do any funds go to Mr. Trump's formal "recount" business relationship.
His campaign did not release a breakup of how the $207.5 million was divided. The funds are split amongst the new PAC, chosen Relieve America, the R.N.C. and two committees operated jointly past the party and the campaign, with some coin as well going toward paying off Mr. Trump's entrada debts.
"These tremendous fund-raising numbers prove President Trump remains the leader and source of energy for the Republican Political party," Bill Stepien, Mr. Trump's campaign manager, said in a statement.
Mr. Trump, who has not formally conceded the 2020 race but has begun talking about running once again in 2024, has repeatedly challenged the presidential results in court with virtually no success.
In his statement, Mr. Stepien added that the money "also positions President Trump to keep leading the fight to clean upward our corrupt elections process in so many areas around the country, and to build on gains from the 2020 elections then we can take dorsum the House and build on our Senate majority in 2022."
Mr. Trump'south next political steps are much discussed in both parties, and his nonstop fund-raising in the month afterwards his loss at the polls ensures his new political operation — whatever shape it takes — will keep to be well financed. He can use the new PAC to hire staff members and pay for political travel, like his rally on Saturday in Georgia, where two runoff elections on Jan. 5 will determine control of the United States Senate.
Some of Mr. Trump's fund-raising solicitations take veered from simply disputing the results of November'southward election. His campaign, for instance, offered donors who gave $45 on Thursday an "iconic" Christmas ornament (it features a photograph of Mr. Trump, in a carmine hat, and the words "We're maxim Merry Christmas once more!").
The annunciation that he had raised $207.5 meg in i month came on a concluding filing deadline of the 2020 race with the Federal Election Commission, which covers the period from Oct. fifteen to November. 23. During that period, the R.North.C., Mr. Trump's entrada and their shared committees raised a combined $495 one thousand thousand, entrada officials announced.
The filings also showed that Mr. Biden's entrada commission, despite contribution limits, had raised more than than $one billion since he began his campaign, though he spent most all of information technology, ending with $1.5 million in the banking company. The Democratic National Committee had $23.9 million in the bank as of Nov. 23, and Mr. Biden'south shared committees with the party had some other $66.5 million.
Some big donors contributed to Mr. Trump later on Election Day, with roughly $5 1000000 coming into a joint account with the party for large contributors after Nov. 3, including $150,000 from Kelcy Warren, the energy executive, and $260,000 from his wife, Amy, on Nov. 5, equally well as $250,000 from Kenny and Lisa Troutt of Texas on Nov. ix.
The R.N.C. study showed it ended the period with $58.8 1000000 cash on manus — a large sum for a party at the end of a campaign. As Mr. Trump has contested the results in multiple locations, the party had spent more than $half-dozen million on legal bills, with $i.4 million going to the Jones Day police force business firm, $1.3 million to King & Spalding and more than $920,000 to Consovoy McCarthy.
The Trump campaign committee reported more than $8.7 million in recount-related expenses, with a $three meg payment to Wisconsin's election commission representing the largest fee. He has formed an extensive legal team, including C. Boyden Gray, a top Republican contributor, who was paid $114,000 for legal consulting.
The party's biggest expense was $42.4 million to a limited liability company, Digital Consulting Group, with a limited public footprint. The political party has made its third payment of $666,666 to Reuters News & Media Inc. for "legal proceedings" related to intellectual property, for a total of $2 million that the political party and company have previously declined to hash out.
The filings also showed that the casino magnate Sheldon Adelson and his wife, Miriam Adelson, spent well-nigh $220 million on the 2020 election, with $90 million going to a pro-Trump super PAC, $70 million to a Senate G.O.P. super PAC and $50 million to a House Republican super PAC, plus millions more than to various committees.
Rachel Shorey contributed reporting.
Source: https://www.nytimes.com/2020/12/03/us/politics/trump-campaign-money.html
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