The PAC leadership created e.g. President Trump
Donald TrumpBiden reverses Trump’s last-minute freeze attempt .4 billion programs Trump announces new legal dismissal team after reported departures as Republicans shoot to unify toward next election cycle MORE following his November election loss, he grossed nearly $ 31 million in the last few weeks of 2020, providing him with a cash stock that could help him maintain influence over the Republican Party during his presidency. .
The CAP, called Save America, reportedly raised $ 30.9 million by the end of the course, which runs from Nov. 24 to Dec. 24. 31, according to new submissions to the Federal Electoral Commission (FEC). At the time, he spent only a fraction of what he contributed, allocating less than $ 218,000 in trading fees to the GOP’s WinRed online fundraising exchange room.
Save America entered 2021 with nearly $ 31.2 million in the bank.
Requests to the FEC show how money flowed into Trump’s new political operation as he and his allies continued to spread false and misleading claims that the 2020 presidential election had been plagued by widespread election fraud and systemic irregularities.
All this time, Trump, his aides and other conservative activists waged a high-profile legal and pressure campaign in an effort to nullify President Biden’s victory.
The push to oust election results culminated last month with a rally outside the White House that turned into a violent insurgency by Trump supporters at the U.S. Capitol.
Trump’s challenges to election results and the resulting riots at the Capitol have divided Republicans, some of whom are pushing the Republican Party to abandon Trump and his brand of conservative populism, as he appears to regain majorities in the House and Senate in 2022. and the White House in 2024.
Trump is said to be studying another bid for the White House in 2024. And while leadership CAP money can’t be used to fund a possible campaign, it’s a powerful tool that will help him maintain influence over the Republican candidates in mid-2022.
But the money invested in Trump’s political operation, much of the grassroots donors, is a sign of the former president’s fervent support among Republican grassroots voters and suggests it could produce political and financial influence. about the party in the coming years. years.
The money accumulated by Save America in the final fundraising period of 2020 represents only a small part of Trump’s political finances.
The Trump Make America Great Again Committee, a joint fundraising operation affiliated with the former president, reported raising $ 62.6 million in the last five weeks of 2020. This group distributes its donations to the National Committee Republican (RNC) and Save America, with most of their contributions going to the Trump PAC leadership.
The joint fundraising committee transferred nearly $ 78.4 million to RNC and Trump’s political operations, according to FEC statements, including $ 30.5 million to Save America and $ 25.5 million to the Trump campaign.
Even after these transfers, the Trump Make America Great Again committee reported entering 2021 with nearly $ 60 million in hand.
Trump’s own campaign raised about $ 27 million in late November and December, as the former president lobbied to overthrow the election results. Campaign spending, however, shows how he treated his efforts more like a public relations battle than a legal one.
The biggest spending of the Trump campaign in the last five weeks of 2020 was for advertising. The campaign paid about $ 5 million to Harris Sikes Media, a limited liability company the former president has used to make advertising purchases. The Trump campaign also made a $ 4.4 million payment to American Made Media Consultants for online advertising.
The Trump campaign spent much more on advertising and fundraising as it sought to nullify election results than on legal services. In all, the campaign dropped about $ 10 million in attorneys ’fees and legal fees, a not inconsiderable amount, but one that still dwindles compared to its public relations-related expenses.
Meanwhile, the Democratic National Committee (DNC) begins in 2021 with a much stronger financial position than a year ago. The group entered the new year with about $ 38.8 million in the bank. In comparison, the DNC reported that it only had about $ 10.1 million in cash available by 2020.
Adding to the DNC’s coffers are more than $ 40 million earmarked for the party’s surplus from its joint fundraising committee with the Biden campaign, The New York Times reported Sunday. The DNC only reported about $ 3 million in debt, only half of what it owed in early 2020.
The recent selection of Jaime Harrison
Jaime Harrison Tom Perez “takes a look” at Maryland governor’s candidacy Democrats formally elect Harrison as new DNC president Democrats see Georgia as a model of success across the South MORE as the new DNC president has also raised Democrats ’fundraising hopes. Harrison, a former president of the Democratic Party of South Carolina, gained prominence last year during his Senate bid against the senator. Lindsey Graham
Lindsey Olin GrahamTrump announces new legal dismissal team after reported departures. 5 lawyers leave Trump’s removal team before trial: Biden reports that the fight for immigration will resume in Congress MORE (RS.C.).
Harrison’s campaign was ultimately unsuccessful, with Graham winning re-election by a 10-point margin. But Harrison was able to break fundraising records, raising more than $ 100 million for his Senate candidacy, which has boosted Democratic hopes of flooding the party, which had once been shut down with money.