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Former US President and 2024 Republican presidential hopeful Donald Trump holds a campaign event at Club 47 USA in West Palm Beach, Florida, on 11 October 2023.
- Donald Trump’s legal problems have become a major
fundraising asset for his presidential campaign. - Small donors have been contributing, with most of
the contributions being less than $50. - Trump’s campaign raised $24.5 million in the
July-September period, which is roughly the same as Democratic President Joe
Biden’s campaign.
Small
donors have responded to Donald Trump’s legal problems by showering money on
his presidential campaign, helping him roughly match the fundraising pace of
Democratic President Joe Biden who is seeking re-election, according to
disclosures released on Sunday.
More
than $2 million surged into Trump’s coffers within a day of the 24 August
release of his mugshot after he was booked at a jail on Georgia state charges
stemming from his attempts to overturn his 2020 election defeat, according to a
disclosure the campaign submitted to the Federal Election Commission.
It
was the biggest two-day sum the campaign has reported taking in this year, a
sign that Trump’s legal problems, unprecedented for a former US president, have
become a major fundraising asset. Most of the contributions are less than $50.
Trump,
who left office in 2021 and is the frontrunner for the Republican nomination
for next year’s presidential election, faces four criminal trials over charges
that also relate to mishandling classified documents and supposed hush money
payments to a porn star.
Trump
has denied all charges and he has argued that the cases are politically
motivated.
“That
is his super power,” said David Kochel, a Republican strategist not
affiliated with any 2024 presidential campaign. “The more these
prosecutors come for him, the more he says: ‘We’re in this together and I’m
being attacked’.”
The
Trump campaign’s most recent financial disclosure, for the three months through
September, showed the campaign bringing in more than $700,000 on 1 August when
Trump was indicted on federal charges related to his effort to overturn his
election loss.
The
sums were on a par with inflows in early April when Trump became the first US
president – former or sitting – to be criminally charged.
Trump
on Sunday reported to the Federal Election Commission that his campaign raised
$24.5 million in the July-September period, up from about $17 million during
the previous three months.
Biden’s
campaign reported raising $24.8 million, up from nearly $20 million in the
prior period.
Both
campaigns use other accounts to raise money known as joint fundraising
committees.
READ |Robert F. Kennedy Jr. declares independent 2024 presidential run, raises millions more
Trump’s
campaign previously said it raised over $45 million in the third quarter,
without giving details of how much joint fundraising raised and how much the
joint committee spent raising that money.
The
joint committees transfer money to the campaigns after deducting costs of
fundraising, which include the cost of campaign-themed T-shirts and the digital
campaigns employed to target donors. The Trump campaign didn’t respond to
requests for details about fundraising by the joint committee.
Biden’s
camp had previously said his campaign, the Democratic Party and their joint
fundraising committees raised a combined $71 million.
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