Former President Donald Trump hit the same fundraising pace in the first three months of 2023 as in the relatively sleepy post-midterm weeks after his 2022 campaign launch.
That’s the main takeaway from new reports detailing campaigns’ fundraising and spending from January through March, which were due at the Federal Election Commission on Saturday. The line-item fundraising and spending details provide new clues about the state of the presidential race and the battle for Congress, including a GOP 2024 field rolling in early money.
Trump’s campaign reported raising more than $14.4 million from January through March. His joint fundraising committee, which does not file a fundraising report until July, raked in approximately $4.4 million more for $18.8 million in total, according to a person familiar with the figures, which were first reported by Politico.
Taken together, that amounts to an average haul of nearly $1.6 million per week for Trump’s political apparatus. In the first six and a half weeks of his campaign, Trump raised nearly $1.5 million per week — totals that saw his campaign looking for a boost, NBC News reported in January.
Trump’s campaign touted that boost after he was indicted last month on charges related to his role in hush money payments to two women who claimed they had affairs with Trump. That indictment came on March 30, one day before the first fundraising period ended, and his campaign says the fundraising boom stretched into April. Depending on how long it lasts, it might have completely altered the trajectory of Trump’s campaign fundraising power.
Here are more takeaways from NBC News’ analysis of the filings:
Trump spent six figures on legal-related fees
In his first quarter filing, Trump reported having 25 employees on payroll, including longtime political adviser Jason Miller. He also reported spending almost $162,000 on expense categories that include the word “legal,” according to the campaign finance filing.
That spending comes as Trump has faced multiple investigations, including the hush money probe. He is also facing three separate investigations — one in Georgia and two federal investigations in Washington — for his alleged role in seeking to overturn the results of the 2020 election in Georgia, his alleged involvement in organizing the Jan. 6 riot at the Capitol and his handling of classified documents.
Trump’s rivals are raising money for the long haul
Trump’s campaign had $13.9 million left in its account as of March 31, but some of his rivals for the GOP nomination also look well funded, meaning Republicans can prepare for a long primary battle. Candidates more often drop out of presidential races because they run out of money, rather than because of poor polling numbers.
Sen. Tim Scott, R-S.C., who launched an exploratory committee this week, actually had even more money in his Senate campaign account — $21.9 million — all of which he could transfer to a presidential run if he decides to jump in officially.
And former United Nations Ambassador Nikki Haley’s campaign had $4.6 million on hand after the first fundraising period of her campaign. Her campaign reported raising $5.1 million in the first quarter (after her team announced that her political apparatus as a whole raised $11 million during the first six weeks of her campaign).
Biotech entrepreneur Vivek Ramaswamy has not yet filed his first- quarter fundraising report.
One thing to keep an eye out for: Trump’s campaign is practically swimming in small-dollar donations from his email list, the closest thing to a renewable resource in campaign fundraising. Some of his rivals, meanwhile, may have to lean on bigger donors to keep up in 2023 — but donors who give the maximum primary contribution of $3,300 can’t give more to help their chosen campaign unless that candidate wins the nomination.
Read Full Story
NBC News Rating
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
