The most recent data on money raised shows that Donald Trump collected less than 50% of the funds raised by President Biden in February.
How much money did Trump manage to raise?
Donald Trump raised $20.3 million in February 2024, which is less than 50% of President Biden’s $53 million raised in the same month.
The expected GOP nominee's campaign and Trump Save America Joint Fundraising Committee garnered $20.33 million last month.
The amount raised represents a massive increase from previous months. In January, Trump brought in $13.875 million. In December, Trump raked in nearly $10.5 million.
At the end of February, Trump had a combined $41.9 million cash-on-hand.
How did the Biden campaign respond to Trump’s fundraising?
The Biden campaign highlighted Trump's harmful agenda.
Biden-Harris 2024 Communications Director Michael Tyler stated:
“If Donald Trump put up these kinds of numbers on The Apprentice, he'd fire himself. But here’s why he ain’t got it: his extreme, toxic agenda of banning abortion, slashing Social Security, and promoting political violence is repelling donors and doing exactly *nothing* to earn support from the voters who will decide this election.
“When he’s not hiding out in Mar-a-Lago, he’s calling into white supremecist radio to traffic in antisemitic tropes or saying there’ll be a ‘bloodbath’ if he loses. Even if he had the money, it’s not a message the voters would buy.”
Why is Trump having difficulty raising money?
There are multiple reasons why Donald Trump is struggling to raise funds. Trump has been relentless for years in asking his donors for money. Despite being warned that he was exhausting his donor base, Donald Trump continued to request cash from his small donors. The result is that his small donors have stopped giving him money as frequently as before.
Trump fatigue is a significant issue in the Republican Party. Trump is without opposition, but is still losing 20%-30% of Republican primary voters. Even Republicans who support Trump have expressed a desire for change and a new leader at the helm of the party.
The fundraising numbers for Trump suggest that while his supporters will still vote for him in the fall, many of them are not enthusiastic enough to financially support him.
Those who donate to a campaign are also some of the most dedicated supporters who are more likely to vote.
Campaign fundraising is crucial because it provides direct funds to a candidate that can be used for candidate advertising and get-out-the-vote efforts.
Trump only has less than one-third as much cash as President Biden.
Without free media coverage to bridge the gap, Donald Trump may struggle to mobilize Republican voters for the fall election.
