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President Trump’s Save America PAC has $100 million cash on hand, a total that will likely increase following the August FBI raid of his Palm Beach, Florida, home.
Fox News reported that “Save America — Trump’s main fundraising committee — had nearly $100 million cash on hand as of July. That was before the surge in fundraising in the days after the Aug. 8 FBI search of the president’s Mar-a-Lago residence in Florida for classified government materials.”
Trump is using some of the funds, along with his jam-packed rallies, to help Republican candidates win in November’s midterm elections.
Trump spokesperson Taylor Budowich told Fox News, “through the power of his endorsement and his massive MAGA rallies, President Trump is able to infuse campaigns with media attention, volunteers, and donors in a way that has never before been seen in America politics.”
And the Trump endorsement has been worth its weight in gold during this year’s Republican primaries. According to Ballotpedia, Trump-endorsed candidates have a 92 percent win rate during the 2022 primaries, a staggeringly high percentage which has only strengthened his hold on the Republican Party and bodes well for a possible Trump 2024 presidential run.
Trump’s large campaign haul is yet more good fundraising news for Republicans, who have outraised the Democrat Party so far this year.
According to Ballotpedia, “The Democratic National Committee (DNC), Democratic Senatorial Campaign Committee (DSCC), and Democratic Congressional Campaign Committee (DCCC) have raised a cumulative $659 million and spent $497 million through July 31, 2022. The Republican National Committee (RNC), National Republican Senatorial Committee (NRSC), and National Republican Congressional Committee (NRCC) have raised a cumulative $666 million and spent $606 million through July 31, 2022.”
Trump and Republicans are hoping that this fundraising advantage will pay off with a red wave in November’s midterm elections.
