Former President Trump Outraises President Biden for Second Consecutive Month
Former President Donald J. Trump has once again out-raised President Biden in donations for the second consecutive month, bringing in roughly $81 million more than his successor over the last two months. This surge in financial support comes after Trump’s felony conviction, which seemed to energize his base and attract new donors.
In May, Trump and the Republican National Committee raised $141 million, compared to Biden and the Democratic National Committee’s $85 million. This follows a trend from April, where Trump also outpaced Biden by $25 million in donations. While Biden’s campaign entered June with $212 million on hand, Trump’s campaign has not released a full tally of their cash on hand since March, but a partial count revealed at least $170 million.
Despite Trump’s improved fundraising efforts, Biden’s campaign remains confident in their ability to run a strong campaign. They have used their early financial lead to build a political infrastructure in battleground states, which they believe will pay off in November. However, the race for financial parity between the two campaigns appears to be narrowing as Trump closes the gap.
Trump’s fundraising efforts received a significant boost after his criminal conviction in New York, with online donations pouring in at a rapid pace. The question now is whether these new donors will continue to contribute in the long run. Biden’s campaign has also focused on cultivating online recurring contributors, which has been a successful strategy for them.
While Biden has enjoyed a significant advertising advantage over Trump so far, the landscape is expected to change as Trump’s super PACs and nonprofit groups ramp up their advertising efforts. Both campaigns are gearing up for a summer of intense fundraising and advertising as they head into the crucial months leading up to the election.
Overall, the race for campaign funds is heating up as both Trump and Biden work to secure the resources needed to run a successful campaign. With the financial playing field becoming more level, the coming months will be crucial in determining each candidate’s ability to reach voters and make their case for the presidency.
