New York City
Saturday, June 15, 2024
“THE CEO PUBLICATION owns both theceopublication.com and theceopublications.com websites"

Publication

Retired President Donald Trump's once-formidable and lucrative political action board is decreased to $3 million

August 2, 2023: Retired President Donald Trump’s once-formidable and lucrative political action committee is decreased to $3 million. In contrast, committees allied with Florida Gov. Ron DeSantis and President Joe Biden have more than $100 million combined ready to deploy, new data shows.

Trump’s Save America PAC raised over $15 million in the foremost half of 2023, spent over $30 million, and currently has about $3.6 million on hand, the Federal Election Commission records stated. The committee came into 2023 in a strong position, extending over $100 million with $18 million.

An NBC News analysis of the filings reveals that Save America spent about $20 million on legal fees, with payments going to more than 40 law firms.

The drop in fundraising by the Trump PAC suggests the small-dollar donor operation that has helped the former president and his allies run a political fundraising juggernaut could be dwindling.

Data from OpenSecrets reveals that during the 2020 presidential election in which Trump lost, his campaign and affiliated outside group raised over $300 million from donors who gave $200 or less. That accounted for 48% of the donations.

“Most of the money that middle-class Americans have given to him, he’s spent on his legal fees,” former New Jersey Gov. Chris Christie told CNBC on Tuesday.

According to FEC records, Christie is among a group of candidates who, despite being down in the polls to Trump, is seeing some big-money support.

The super PAC backing Florida Gov. Ron DeSantis’ campaign is flourishing, with over $130 million in the first half of the year and over $96 million. His campaign raised around $20 million and went into the third quarter with just over $12 million.

Through his campaign and at least two joint fundraising committees, Biden spent the second quarter raising over $70 million.

The pro-Trump super PAC, Make America Great Again, Inc., which raised about $14 million over the same period, also appears to have spending troubles coming into the second half of 2023. It spent over $37 million on various items, having over $20,000 at Trump’s private club in Florida, Mar-a-Lago, earlier this year.

The super PAC came into the later phases of the year with $30 million on hand.

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.
Receive the latest news

Request for online magazine

Join Us

Advertise with us

meteroid vecrtor
Receive the latest news

Contact Us