The latest fundraising data reveals that Donald Trump raised less than half the money President Biden raised in February.
How much money did Trump raise?
Donald Trump raised $20.3 million in February 2024, less than half of the $53 million President Biden raised in the same month.
Fox News reported:
The campaign of the presumptive Republican nominee and the Trump Save America joint fundraising committee brought in $20.33 million last month.
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The fundraising haul represents a huge increase compared to previous months. In January, Trump made $13.875 million. In December, Trump made nearly $10.5 million.
At the end of February, Trump had total liquidity of $41.9 million.
How did the Biden campaign react to Trump’s fundraising?
Biden’s campaign highlighted Trump’s toxic agenda.
Biden-Harris 2024 Communications Director Michael Tyler said in a statement:
“If Donald Trump published these kinds of numbers on The Apprentice, he would quit. But here’s why he doesn’t get it: His extreme, toxic agenda of banning abortion, cutting Social Security, and promoting political violence is repelling donors and doing exactly *nothing* to earn the support of the voters who will decide this. election.
“When he’s not hiding out at Mar-a-Lago, he calls on white supremacist radio to peddle anti-Semitic tropes or says there will be a ‘bloodbath’ if he loses. Even if she had the money, it’s not a message voters would buy.”
Why is Trump struggling to raise money?
There are several reasons why Donald Trump has difficulty raising money. Trump has been relentless for years with appeals to his donors for money. Despite being warned that he was exhausting and depleting his donor base, Donald Trump continued to hammer his small donors with demands for money. The result is that his small donors have stopped opening their wallets as frequently.
Trump fatigue is a real problem in the Republican Party. Trump runs unopposed, but continues to lose 20%-30% of Republican voters in the primaries. Even Republicans who support Trump have expressed a desire for change and a new face at the top of the party.
Trump’s fundraising numbers suggest that while his supporters will continue to turn out and vote for him this fall, many of them aren’t enthusiastic enough to support him financially.
People who donate to a campaign are also some of the most engaged supporters who are most likely to vote.
Campaign fundraising is important because it is money directed to a candidate that can be used for candidate advertising and get-out-the-vote operations.
Trump only has less than a third of President Biden’s cash.
Without free media coverage to make up the difference, Donald Trump may not be able to organize and get Republican voters to the polls this fall.
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Jason is the managing editor. He is also a member of the White House press pool and a congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His graduate work focused on public policy, with a specialization in social reform movements.
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