Trump Re-election Effort Raised More Than $88 Million

According to the New York Times, President Donald Trump has brought in more than $88 million in the last 18 months to aid his re-election campaign. The money has been raised by his campaign committee, along with Trump Victory and Trump Make America Great Again – two joint committees formed by the Republican Party, according to the newspaper.The Trump re-election fundraising effort ended last month with nearly $53.6 million in the bank, the Times said, citing records filed with the Federal Election Commission.

The committees have spent aggressively to attract donors by targeting small contributors and holding fundraising events for the bigger donors, the Times said. The committees raised over $17.7 million from the beginning of April through the end of June.

Although the total dropped nearly $2.5 million from the earlier quarter, it marked the second largest quarterly effort since Trump was sworn in, the Times reported.

Texas-based banker Andrew Beal, who once went up against Trump in a bankruptcy case, contributed $339,000 to Trump Victory – the largest donation in the second quarter.

The three committees reported spending about $8.5 million during the second quarter.

More than $2.4 million went companies owned by Brad Parscale, Trump’s campaign manager. Those companies specialize in online and email fundraising, the newspaper said.

Almost $600,00 went to pay for an assortment of T-shirts, towels, stickers, commemorative coins and “Make America Great Again” hats.

The committees also paid firms representing the Trump campaign and its associates in investigations into Russian meddling during the last presidential election. Some of the firms also represent the campaign in finance law and litigation stemming from the past campaign, the newspaper noted.

Meanwhile, House Speaker Paul Ryan raised more than $10 millionduring the second quarter to help House Republicans try to retain their majority in the midterms. Team Ryan, his joint fundraising committee, has brought in more than $70 million in this election cycle.



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