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Tag: campaign finance

  • Trump campaign says it saw surge in donations after indictment | CNN Politics

    Trump campaign says it saw surge in donations after indictment | CNN Politics

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    CNN
     — 

    Former President Donald Trump raised a combined $18.8 million in the first quarter of 2023 through his joint fundraising committee and his campaign – and saw a spike in donations after being indicted by a Manhattan grand jury on March 30 – according to new figures provided by his campaign.

    The campaign told CNN it also raised $15.4 million in the two weeks after charges were filed against the former president, showing how much his supporters have rallied around Trump after learning of the indictment.

    The Trump campaign said the fundraising figures suggest his legal woes have benefited him both politically and financially – at least in the short term – and energized his base as he continues to campaign for his third shot at the presidency.

    Politico first reported Trump’s first quarter fundraising numbers.

    Trump’s campaign previously said on March 31 that it had raised $4 million in the 24 hours since his indictment was first announced. The former president has pleaded not guilty to 34 felony criminal charges of falsifying business records.

    During the first quarter, from January 1 to March 31, Trump received a total of 541,971 donations, according to the figures provided by his campaign. The average donation was roughly $34.

    Comparatively, Trump received 312,564 donations in the two weeks after charges were filed against the former president, beginning on March 30, with the average donation totaling roughly $49.

    Prior to the indictment, the former president was bringing in roughly $168,000 per day between January 1 to March 30. It’s unclear whether the boost the Trump campaign says it received since his indictment will continue into the second quarter.

    The former president has been raising money for his 2024 presidential bid through both his campaign and his political action committee, Save America PAC. Filings Saturday night with the Federal Election Commission show that $14.4 million of the first-quarter haul went to Trump’s main campaign account.

    The figure lags behind the $30 million he raised during the first quarter of the 2020 election cycle, when he still occupied the Oval Office.

    In all, the Trump campaign spent $3.5 million in the first quarter and had $13.9 million in cash on hand as of March 31.

    More than $727,000 of his campaign dollars during the three-month period funded payroll, filings show. A little more than $488,000 went to TAG Air Inc. – the Trump-owned company that operates his airplanes.

    Other Republicans who have announced their 2024 candidacies include Nikki Haley, a former United Nations ambassador and ex-South Carolina governor, whose campaign has said she collected $11 million in the six weeks since she launched her bid on February 15. But the filings show she raised less than that, and her campaign appears to have double-counted money routed among various committees. In all, Haley raised $8.3 million across three committees connected to her campaign.

    Another South Carolinian, Republican Sen. Tim Scott – who announced a presidential exploratory committee on Wednesday, after the end of the first quarter – reported Saturday that he had nearly $22 million remaining in his Senate campaign account as of March 31. That’s money Scott could transfer directly into a presidential campaign account.

    Biotech entrepreneur Vivek Ramaswamy, who declared his bid for the GOP nomination in February, loaned his campaign $10.25 million and raised about $1.2 million from contributors through March 31. He had nearly $9.4 million in cash on hand at the end of the quarter, his FEC filing shows.

    Florida Gov. Ron DeSantis, who is expected to launch a 2024 GOP presidential bid, has built a sizable war chest through his state-level fundraising committee. Friends of Ron DeSantis has more than $85 million remaining in its coffers, recent state records show.

    He faces restrictions on the use of that money for a presidential bid, but it could potentially be transferred to another committee backing his candidacy.

    Already, a pro-DeSantis super PAC, Never Back Down, which launched in March, has announced that it had raised $30 million as of early April. The group debuted its first national TV ad Sunday, taking direct aim at the former president.

    “Donald Trump is being attacked by a Democrat prosecutor in New York, so why is he spending millions attacking the Republican governor of Florida?” the ad said. “What happened to Donald Trump?” The one-time buy on Fox will be followed by a seven-figure national ad buy beginning Monday, according to a source familiar with the super PAC’s plans.

    Details on Trump’s fundraising after the first quarter ended on March 31 won’t be disclosed to regulators for several months.

    On Friday, the former president filed his personal financial disclosure report with the FEC – offering the public a first look at his post-presidential finances. The 101-page report provided some new insights into Trump’s finances since he left office, including his social media business venture, and last year’s sale of digital trading cards known as NFTs, or non-fungible tokens.

    This story has been updated with additional information.

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  • Early alarm bells for DeSantis as Pence falls behind: Takeaways from new campaign finance reports | CNN Politics

    Early alarm bells for DeSantis as Pence falls behind: Takeaways from new campaign finance reports | CNN Politics

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    CNN
     — 

    The first full financial look at the 2024 presidential race came into focus over the weekend as candidates filed campaign finance reports with federal regulators. They highlight potential trouble spots for Florida Gov. Ron DeSantis and expose a wide chasm between the early fundraising leaders in the Republican primary and the rest of the GOP field.

    Here are takeways from the second-quarter fundraising reports for the three months ending June 30.

    The Florida governor raised $20 million – a strong total – but his campaign is burning through cash at a rapid rate, spending nearly $8 million since he entered the contest in late May, according to its filing Saturday with the Federal Election Commission.

    Travel and payroll expenses each topped $1 million, and more than $800,000 went to digital fundraising consulting, according to the campaign’s report. As of the end of June, DeSantis employed 90 people, compared to nearly 40 people employed by the campaign of former President Donald Trump, the current GOP primary front-runner.

    On Saturday, a DeSantis campaign aide confirmed that the team had recently trimmed some staff.

    “Defeating Joe Biden and the $72 million behind him will require a nimble and candidate driven campaign, and we are building a movement to go the distance,” campaign spokesperson Andrew Romeo said in a statement.

    The latest filing underscores another warning sign for DeSantis: A small share – less than 15% – of his contributions from individuals came in amounts of $200 or less. Robust small-dollar donations can offer a sign of grassroots momentum behind a campaign, and supporters who contribute small amounts can be tapped repeatedly for donations before hitting the maximum $3,300 an individual can legally donate in primary elections.

    DeSantis entered the second half of the year with $12.2 million remaining in the bank, but only about $9 million of that is available for spending in the GOP primary. DeSantis collected some $3 million in general election money from maxed-out donors that can only be spent if he secures his party’s nomination.

    This weekend’s reports also underscore a stark divide between those who raised substantial sums – such as Trump and DeSantis – and the other well-known political figures competing for the GOP nod.

    Former Vice President Mike Pence languished at the bottom half of the pack, bringing in a less than $1.2 million, the filings show. He entered the 2024 race in the first week of June, with a little more than three weeks remaining in the fundraising quarter but had spent months preparing a bid. His paltry numbers raise questions about whether he can gain traction among the party faithful.

    Nearly 30% of contributions from individuals to Pence came from people who donated $200 or less. Former New Jersey Gov. Chris Christie outraised the former vice president – bringing in more than $1.65 million during the first 25 days of his candidacy – and took in more a third of his individual contributions in these smaller amounts.

    Notably, North Dakota Gov. Doug Burgum, who is largely self-financing his campaign, took in more money from contributors – nearly $1.6 million – than Pence did. (Burgum, a former software executive, is working hard to lure donors, offering $20 gift cards for donations of at least $1 as tries to meet the contributor threshold to qualify for the first GOP debate next month.)

    Trump, who leads the GOP field in polling, raised $17.7 million during the quarter – most of which was transferred from a joint fundraising committee that also sends donations to a leadership PAC, Save America.

    Save America has paid the former president’s legal expenses in the past; Trump now has been indicted twice this year – first by a Manhattan grand jury in connection with an alleged hush-money scheme and then by a federal grand jury, related to allegations that he mishandled classified documents after leaving the White House. He has denied any wrongdoing.

    Trump’s campaign previously announced raising a total of $35 million in the second quarter through his joint fundraising operation. But the full picture on how that money was divided and spent won’t become apparent until later this month when additional reports are filed.

    Trump reported $22.5 million in cash on hand as of June 30, topping the GOP field. In second place, with $21.1 million, was South Carolina Sen. Tim Scott – who transferred big sums from his Senate campaign account to his presidential operation.

    Former South Carolina Gov. Nikki Haley entered July with more than $6.8 million the bank, putting her in the middle of the GOP pack.

    Biotech entrepreneur Vivek Ramaswamy, meanwhile, continues to plow his personal fortune into the contest, loaning his campaign another $5 million in the second quarter, the reports show. He started July with more than $9 million in cash reserves – money he can easily replenish if he continues to spend heavily to introduce himself to the GOP electorate.

    President Joe Biden has announced raising $72 million with the Democratic National Committee, which reports its fundraising later in the week. But that total haul is nearly as much money as what all the major GOP contenders combined reported collecting in their main campaign accounts during the second quarter.

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  • We are already in the food fight portion of the GOP primary | CNN Politics

    We are already in the food fight portion of the GOP primary | CNN Politics

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    A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here.



    CNN
     — 

    The 2024 Republican presidential primary is not fully underway as yet and already we are in the food fight phase.

    A super PAC supporting former President Donald Trump tried to smear Florida Gov. Ron DeSantis with pudding, seizing on a report, which the governor denies, about his eating habits to make a point about Social Security and Medicare.

    The ad itself is gross. And it drew a super PAC supporting DeSantis off the sidelines to air an ad of its own wondering why Trump was going after the Florida governor.

    For the record, neither DeSantis nor Trump currently say they will touch safety net benefits, but both have a past of suggesting they could.

    I talked to CNN chief national affairs correspondent Jeff Zeleny by email about the Trump/DeSantis dynamic, the role of deep-pocketed super PACs and what else is going on in this nascent primary campaign.

    WOLF: We are nine months away from the first primaries and not all of the top candidates have even declared their candidacies. But there’s some super PAC mudslinging. What’s happening and what do we need to take from all of this?

    ZELENY: A new season of attack ads has begun, with allies of Donald Trump and Ron DeSantis firing some of the first direct shots of the young presidential campaign. Now is the time to define your opponent – whether you’re an announced candidate (Trump) or expected to be one soon (DeSantis) – and begin pointing out potential vulnerabilities. Not surprisingly, the opening volley was about Social Security and Medicare and highlighting old comments about promising to reform the entitlement programs.

    WOLF: Super PACs can’t technically coordinate with campaigns. DeSantis doesn’t technically have a campaign. How is that working exactly?

    ZELENY: The Florida governor isn’t planning on jumping into the presidential race until May or June – after the legislative session is over – so until then, a group of deep-pocketed allies are coming to his defense. The super PAC, which is called Never Back Down, is effectively a campaign in waiting, complete with pollsters and political strategists of all varieties. Federal election law prohibits coordinating with the campaign, but when there isn’t an official campaign, that formality becomes far easier.

    WOLF: Do other Republican candidates have deep pocketed super PACs? Who are the other players to watch?

    ZELENY: Not nearly as deep, no, but most major Republican candidates have at least some type of super PAC assistance. Former South Carolina Gov. Nikki Haley has some support – and is seeking more – as are other potential candidates. One likely presidential contender, Sen. Tim Scott, has one financial advantage that makes him stand apart from his rivals: He has more than $20 million left over in his campaign account from last year’s Senate race, which he can use on his presidential race. That’s a head start most of his rivals can only dream of.

    WOLF: Trump and DeSantis have been shadowboxing around each other for some time. Can we assume this is a prelude to a much more bruising fight in the making? What does this say about GOP unity heading into the primaries?

    Zeleny: GOP unity? That will come later – or that’s the hope of top Republican officials – but the bruising season of define-your-opponent is underway. The Trump-DeSantis feud has long been simmering, but their springtime exchanges are almost certainly quaint, compared to what’s likely to come.

    WOLF: What do we know about where these super PAC ads are running? Are they focused on specific types of voters or is this simply an effort to get attention from us in the media?

    ZELENY: For now, most of the ads are running on cable television and sports. The Make America Great Again group, which supports Trump, has been running ads for weeks now seeking to define DeSantis in a negative light. You have likely seen some of these, which begin with the ominous: “Think you know Ron DeSantis? Think again.”

    WOLF: Are there any changes in how you think super PACs will operate this year and how they’ll be involved in the campaign?

    ZELENY: With every passing election cycle, super PACs play a more prominent role. It’s easier to raise money – without the federal limits imposed upon candidates. If the early months of the year are any indication, the 2024 campaign will push the limits even more, with outside groups far more important than political parties or, in some cases, even the candidates themselves.

    WOLF: Are there any early conclusions we can draw about how Trump’s indictment by the Manhattan DA on criminal charges has affected his campaign? Has it impacted his popularity among Republican voters? Affected his fundraising?

    ZELENY: Early conclusions are often risky ones, but the Trump campaign insists the indictment has been a fundraising boost. It certainly has rallied many Republicans around him – or at least unified them in opposition to the indictment – but it may be far too soon to say whether this will continue to be the case. He faces potential criminal action in Georgia, for his role in trying to overturn the election results, as well as at least two federal investigations.

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  • DeSantis presidential countdown begins as Florida lawmakers put finishing touches on his contentious agenda | CNN Politics

    DeSantis presidential countdown begins as Florida lawmakers put finishing touches on his contentious agenda | CNN Politics

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    CNN
     — 

    After 60 days of pushing through the priorities of Gov. Ron DeSantis – a contentious slate of policies that have established Florida as the vanguard of the conservative movement’s latest fascinations – state lawmakers will conclude their annual legislative session Friday.

    Then, the countdown to DeSantis’ presidential campaign begins.

    DeSantis has put off an announcement about his political future while lawmakers were at work, looking to rack up policy wins before jumping into the fray. The GOP-controlled legislature has largely delivered for him, handing DeSantis a potential platform for his White House run while reshaping Florida schools and society in immeasurable ways.

    Abortion in Florida will be banned after six weeks with limited exceptions. Permits and training won’t be required to carry a concealed gun in public. A new law allows eight jurors to send someone to death row, the lowest threshold in the nation; another allows child rapists to be executed, in defiance of a US Supreme Court ruling. A bill headed to DeSantis’ desk prohibits undocumented individuals from becoming a lawyer in Florida. Banks can be punished for declining to lend to someone on moral or political grounds. Voter registration groups could face steep fines if they run afoul of strict new rules for signing up people to vote. It will be harder for teachers unions to organize and keep members. Universities will have to shutter diversity programs. Transgender children won’t be able to get gender affirming treatment nor can transgender teachers use their preferred pronouns at school. It will be easier to flag books to be pulled off school shelves and tougher to sue insurance companies. Almost $50 million will be pumped into the takeover of a small liberal arts university to transform it into DeSantis’ vision for a conservative college. Next school year, anyone can send their child to a private school with a taxpayer-funded voucher. And on Thursday, the state Senate passed a bill that would allow an appointed board to review and void previous land agreements in the state – a win for the governor in his feud with Disney.

    DeSantis has touted many of these legislative victories in speeches around the country in recent weeks as he promotes his new book and lays the groundwork for a campaign that will contrast his record of conservative accomplishments against other GOP rivals, namely former president Donald Trump.

    “We’ve been able to go on a historic run that has never been seen before in this state’s history,” DeSantis said Thursday. “And I guarantee you, you put us up against any state, you know, in modern times, and I don’t think you’re going to see the productivity and the boldness that you have seen in Florida across the board.”

    Republican allies in the state House and Senate also cleared the way for DeSantis to run for president without resigning and voted to shield his travel records from public disclosure.

    DeSantis didn’t get everything he wanted. Lawmakers softened his proposed crackdown on illegal immigration by eliminating provisions that block undocumented students from in-state tuition, and they balked at making it easier to sue media organizations for libel. But most of his wish list crossed the finish line.

    The hard pivot right has provided DeSantis plenty of red meat to delight the sizable crowds he is drawing in early nominating states and the deeply red communities that make up Trump’s base. But his preoccupation with rooting out so-called “wokeness” from public institutions and even private businesses has left some would-be supporters concerned about his viability as he positions himself for a national campaign.

    Major GOP financiers have lately expressed reservations about DeSantis’ agenda and wondered whether he has already alienated too many potential voters to seriously contend in a general election. Thomas Peterffy, a billionaire businessman who donated $570,000 to DeSantis’ political committee over the years, recently told the Financial Times he and other GOP donors were turned off by DeSantis’ stance on “abortion and book banning” and were “holding our powder dry.”

    “If he’s the Republican nominee, I will strongly support him in 2024,” another billionaire, tech mogul Peter Thiel, said in a recent podcast interview, “but I do worry that focusing on the woke issue as ground zero is not quite enough.”

    Others are anxious for him to signal when he is getting into the race to quiet some of the early negative attention about his political strategy and lack of personal touch.

    “He’s raised the money. He had the book tour, the international trip,” one Republican fundraiser close to the campaign said. “It’s time to sh*t or get off the pot. Why stay on the sidelines and not be able to respond to these attacks?”

    Trump and his allies are treating the Republican governor as if he is already a candidate. Make America Great Again, Inc., a Trump-aligned super PAC, has spent about $8.6 million on ads going after DeSantis. Current GOP primary polls continue to show Trump leading DeSantis by a healthy margin.

    On a recent international trade mission, a reporter in Tokyo asked DeSantis about Trump polling ahead of him. DeSantis visibly clenched before responding, “I’m not a candidate, so we’ll see if and when that changes.”

    Still, DeSantis does not appear to be in a rush to announce. On Thursday, DeSantis acknowledged “there’s only so much time” before a decision must be made, but he noted many bills passed this session by lawmakers remain unsigned and he has prioritized capitalizing on his historic 19-point reelection victory.

    Next week, DeSantis will resume his political travel in the next week with visits to Wisconsin, Illinois and Iowa.

    “At the end of the day, these things will happen in relatively due course,” DeSantis said Thursday, adding: “I’m not going to short circuit any of the good work that we’ve done.”

    Alex Conant, a top adviser to Marco Rubio’s 2016 presidential campaign, said there’s “no reason to launch before June,” and much of the chatter is noise that DeSantis should ignore.

    “He was never going to stay as hot as he was after winning a historic landslide election,” Conant said, referring to DeSantis’ nearly 19-point victory in November. “He’s clearly the strongest positioned to defeat Trump right now. He has the most money, the most name ID and the most political support. But it’s early. He can either build on that or lose that depending on how his launch goes and his debate performance.”

    Speculation about an official kickoff date has been rampant, covering much of the calendar between now and July 4 with potential locations ranging from his childhood hometown of Dunedin, Florida, to somewhere along the Rust Belt where his parents are from.

    The conflicting reports suggest that DeSantis, who has maintained an insular circle of confidants, is playing his cards close to the vest as they finalize their plans. Some who are directly raising money for DeSantis or aiding in the organizational effort remain in the dark on the exact timing and mechanics.

    The circle has expanded out of necessity as DeSantis builds out a nationwide campaign. Never Back Down, a super PAC expected to play an outsized role boosting DeSantis, has beefed up its staff and is already raising money and advertising on his behalf in the early primary states: Iowa, New Hampshire, South Carolina and Nevada. The Florida state GOP has also added staff who are expected to eventually shift to a DeSantis campaign.

    But with the growth has also come more leaks about his operation. For DeSantis, who prizes confidentiality and has weaponized the element of surprise to keep political foes on their toes, information leaking from inside his orbit undermines his assertions that here is “no drama in our administration” and “no palace intrigue” – a clear contrast with Trump’s reality television White House.

    One veteran Republican fundraiser said donors and GOP operatives have already sensed that there is tension between the super PAC, staffed with seasoned political hands, and the political operation DeSantis built in Tallahassee full of less inexperienced but fiercely loyal protectors of the governor’s political brand. There have been some disagreements about DeSantis’ best path forward, particularly in light of the Republican’s recent stumbles.

    “There is some sniping,” the fundraiser said. “They’re going to go through growing pains. They have a team that has never done this before. And this is a normal thing you go through. And the question is how they handle it. A lot of people would be envious of where he is. He’s never run before and he’s already 25 percent in the polls. He’s got $100 million. But he’s got to execute better.”

    Never Back Down spokeswoman Erin Perrine disputed there’s any tension because DeSantis isn’t a candidate “so this palace intrigue drama is way out of place.”

    “Never Back Down continues to be a grassroots movement focused on getting Governor Ron DeSantis in the race to beat Joe Biden and become president,” she said. “The Governor has a great team in Florida that landed him a historic re-election victory, and we are hugely supportive of all the work they continue to do to help build momentum for DeSantis.”

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