Trump's $100 million PAC has burned through nearly all of its cash
The Save America PAC, which is supporting Donald Trump's presidential campaign, has been spending a lot of money on legal fees, raising questions about how Trump will be able to fund his campaign for the general election.
Trump's Save America PAC has raised more than $15 million during the first half 2023. It spent over $30 millions and currently has around $3.6 million.
The Trump PAC's drop in fundraising suggests that the small-dollar donors who have helped the president run a political funding juggernaut may be fading.
The once powerful and lucrative political action group of former President Donald Trump is now down to just $3 million, while other groups allied with Florida Governor Rick Scott are still able to raise funds. New data shows that Ron DeSantis, President Joe Biden and their combined committees have more than $100 million in cash on hand.
According to Federal Election Commission documents, Trump's Save America PAC has raised and spent more than $30 million during the first half 2023. It now has approximately $3.6 million in its bank account. The committee was in a good position going into 2023, having raised over $100 million in the previous year and finished with $18 millions on hand.
A NBC News
Analysis of the Various
Save America paid more than $40 million in legal fees to 40 different law firms, according to the documents.
The decline in Trump PAC fundraising suggests that the small-dollar donors who have helped the former President and his allies to run a fundraising juggernaut may be dwindling.
OpenSecrets data shows that during the presidential election of 2020, in which Trump lost his bid for re-election, his campaign raised more than $300 million by donors who contributed $200 or less. This accounted for 48 percent of all donations.
Former New Jersey Governor Chris Christie said that he spent most of the money middle-class Americans gave him on his legal fees. Chris Christie
Tell them to get on with it
CNBC Tuesday.
According to FEC records, Christie is one of a number of candidates that, despite trailing Trump in the polls, receives some major money support.
Christie replied to CNBC, "Yes we have", when asked if they had
Charles Koch, a billionaire industrialist. Americans for Prosperity Action, funded by Koch Industries and raising over $70 million during the first half year is using some of this budget to fight Trump in the primaries.
The super PAC that supports Florida Gov. Ron DeSantis is thriving with over $130 millions in revenue for the first half of this year. He has more than $96 million in cash on hand. His campaign raised about $20 million, and it went into the third-quarter with just under $12 million.
Biden's campaign committees as well as at least two joint fundraisers completed the second quarter.
raising
Over $70 Million
It also seems that the super PAC for Trump, Make America Great Again, Inc., has its own problems with spending in the second half 2023. It spent more than $37 million, which included over $20,000 in the first half of this year on Trump's Mar-a-Lago private club.
Super PAC had $30 million in its bank account at the end of the year.