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Trump and Republicans Raise More Funds Than Biden and Democrats
Former President Donald J. Trump and the Republican Party out-raised President Biden and the Democrats last month for the first time in this election cycle, according to campaign officials. Trump campaign, together with the Republican Party and all affiliated committees, raised $76.2 million in April. In contrast, the Biden campaign reported raising $51 million in April with the Democratic National Committee.
Comparison of Fundraising Figures
- Trump campaign raised $76.2 million in April
- Biden campaign raised $51 million in April
- Biden’s cash on hand was $84.5 million, while Trump’s was $48 million
Fundraising Strategy and Tactics
Mr. Trump had been expected to close the fundraising gap with Mr. Biden once he secured the Republican nomination. He can now raise money in tandem with the Republican National Committee, gathering large checks of over $800,000 per donor. In contrast, Biden has been building an overall war chest with the Democratic National Committee and their shared accounts totaling $192 million.
Key Points to Note
- Trump leads Biden in many polls
- Biden has a significant cash advantage
- Trump continues to spend millions on legal bills
Cash Flow and Spending
Mr. Trump’s campaign lags in total cash on hand compared to Biden’s campaign. Biden ended April with $84.5 million on hand, while Trump had $48 million. Trump’s campaign spent $5.5 million, including expenses on mail, legal consulting, and event staging.
Revenue and Expenditure Breakdown
- Republican National Committee raised $32 million in April
- Democratic National Committee raised $35.5 million in April
- Trump’s legal fees covered by Save America committee
Other Fundraising Activities
Save America received $6 million transfer from Trump’s joint fund-raising committee. MAGA Inc. raised $12.8 million in April, with significant contributions from Timothy Mellon. Biden’s campaign spent $25.2 million in April.
Notable Contributions and Spending
- MAGA Inc. received $10 million from Timothy Mellon
- Biden’s campaign spent $25.2 million in April
- Expenses for Kennedy’s campaign increased as they seek ballot access in all 50 states
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