The Biden campaign took a swipe at former President Trump’s fundraising prowess on Wednesday. An analysis of federal data revealed that the Trump campaign is falling behind its 2020 fundraising pace in terms of both money and individual donors.
According to a statement exclusively given to The Hill, James Singer, a spokesperson for the Biden campaign, asserted that Donald Trump is unable to match Joe Biden’s pace. Singer claimed that Trump is too lazy to actively campaign, lacks the ability to generate enthusiasm or grassroots support, and is excessively preoccupied with seeking personal revenge and retribution, which hinders his ability to expand his coalition. Singer urged Trump to open his eyes and recognize that the campaign has already commenced.
Despite being in New York City for most of the week due to his trial over an alleged hush money scheme, Trump has managed to make time for campaign events on the weekends. Last Saturday, he held a rally in Pennsylvania, and this Saturday, he will be in North Carolina.
According to a Financial Times analysis cited by the Biden campaign, Trump’s fundraising efforts have seen a decline in the number of donors. From July 2023 through the first quarter of 2024, Trump has raised money from around 900,000 donors, compared to approximately 1.2 million donors during the same period in the 2020 cycle.
Trump is currently behind Biden in terms of overall fundraising and cash on hand, despite the fact that there are still around seven months left until Election Day.
The Biden campaign had a successful fundraising month in March, bringing in an impressive $90 million. This brings their total cash on hand to $192 million, setting a new record for any Democratic candidate at this stage of the election cycle. The campaign received donations from 1.6 million individuals by the end of March, highlighting the broad support they have garnered.
In the meantime, Trump raked in approximately $66 million in March. As the presumptive nominee, the Trump campaign and Republican National Committee, which recently merged, now have a substantial $93.1 million in cash on hand as they enter the month of April.
In recent weeks, Trump has been making efforts to bridge the financial divide by organizing high-dollar fundraisers. One such event was hosted by hedge fund billionaire John Paulson in Palm Beach, Fla., which managed to generate approximately $50 million in funds.
According to a spokesperson from the Trump campaign, it should be noted that Trump became the presumptive GOP nominee in mid-March. Since then, there has been a significant increase in his fundraising efforts.
According to a spokesperson, President Trump, who recently became the GOP presumptive nominee, has already raised over $100 million for his campaign and the Republican National Committee. Despite the challenges faced by Americans due to Joe Biden’s record-high inflation, the spokesperson stated that Team Trump remains committed to raising the necessary resources to secure a victory on November 5th.
The 2024 presidential race is shaping up to be one of the costliest in history. In the previous election, Joe Biden managed to raise approximately $1 billion in donations, while Donald Trump gathered around $775 million, as recorded by federal agencies.
Despite having a financial advantage, Biden has faced difficulties in surpassing Trump in the polls. The former president has managed to maintain a lead in almost every crucial battleground state, which is anticipated to play a significant role in determining the outcome of the November election.
According to a compilation of polls by Decision Desk HQ, Donald Trump is currently leading Joe Biden in several key states. The average of polls shows that Trump has a 4 percentage point lead in Arizona, a 5 percentage point lead in Georgia, a 3 percentage point lead in Michigan, and a 3 point lead in North Carolina. However, the race is much closer in Pennsylvania and Wisconsin, where the two candidates are currently neck-and-neck.
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