President Donald Trump’s first-quarter haul, leaving his 2020 re-election effort with $40.8 million in cash, showed Republican donors were willing to invest in him as he girds for what is likely to be a difficult bid for a second term.
President Trump’s campaign raised more than $30 million in the first quarter of 2019, it is set to report on Monday, CBS News confirms, topping the sum raised by the top two Democratic presidential campaigns combined, according to a campaign official. Trump-Pence 2020 has more than $40.8 million on hand a record haul for a presidential re-election campaign this far before the next election. Nearly 99 percent of donations were of $200 or less, with an average donation of $34.26, a sum that puts the president on par with the small-dollar donations made to Democratic contenders. Vermont Sen. Bernie Sanders leads Democratic fundraising with $18.2 million raised during a shorter window than Trump, 41 days. In the No. 2 fundraising slot: California Sen. Kamala Harris with $12 million. Sanders, making his second bid for the presidency, has the biggest war chest of the Democratic field, ending March with $28 million remaining in the bank. Trump’s “strategy is to raise as much money as possible and to control the national conversation,” said Nathan Gonzales, editor of the nonpartisan political analysis site, Inside Elections. But Gonzales and Democratic strategists say the total fundraising picture for Democrats shows the party’s donors remain energized and will plow big sums into the general-election battle.
“I don’t think this presidential race is going to be decided by money,” Gonzales said. “The president’s going to have plenty of money, and the Democratic nominee will have plenty of money.”
New York Sen. Kirsten Gillibrand reported raising about $3 million, putting her far back in the pack among those who have announced their fundraising totals.