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President Donald Trump Raises Over $100 Million For 2020 Re-election Bid

Federal Election Commission reveals fundraising figures

 on 16th October 2018 @ 6.00pm
federal election commission reveals fundraising figures © press
Federal Election Commission reveals fundraising figures

President Donald Trump has managed to raise more than $106 million for his bid to be re-elected in 2020 despite it being two years off, according to the Federal Election Commission. 

The total raised includes donations accepted through his primary campaign committee, including to two affiliated committees: Trump Victory and Trump Make America Great Again.

Some of the money raised via Trump Victory and Trump Make America Great Again does directly into the o the Republican National Committee.

Between July and September, the three committees raised more than $18 million and spent over $12 million.

democrats gained a fundraising boost with flood of donations ahead of midterms © press
Democrats gained a Fundraising Boost With Flood Of Donations Ahead Of Midterms

According to the WJ: The new reports also note spending over the last quarter that reflects an increasingly vigorous campaign by Team Trump, led by 2020 campaign manager and digital guru Brad Parscale.

The largest portion of the campaign funds, more than $1.6 million, went to a newly-formed company named American Made Media Consultants, which, according to The New York Times, was set up by the Trump campaign to buy digital, radio and television ads.

With ad buys going through the new vendor, the firm run by Trump's campaign digital guru, Parscale Strategy, only took a comparatively moderate $564,000 from the Trump campaign in the last quarter, compared to $2.9 million total from the beginning half of 2018.

The Trump campaign’s law firm, Jones Day, which accommodated set up American Made Media Consultants, also received a sum of $1.3 million from the campaign in the last quarter.

president donald trump raises over  100 million for 2020 re election bid © press

Other legal bills added include $173,000 to Mintz Levin, a firm that had represented former Trump campaign manager Corey Lewandowski during inquiries linked to the particular counsel probe into Russian meddling in the 2016 election, and $42,588 to Larocca Hornik Rosen Greenberg & Blaha, a firm that had served Trump and his former personal lawyer Michael Cohen in matters related to Stormy Daniels.

Another new disclosure report filed with the Internal Revenue Service on Monday shows that a legal defense fund set up to provide financial help for former Trump campaign personnel, and White House staffers caught up in special counsel Robert Mueller’s investigation has spent about $122,000 in legal expenditures, including a $8,400 payment to a law firm that represented former Trump bodyguard Keith Schiller.

Many of the latest donations to the fund originated from a waste management executive, Anthony Lomangino.

But by far the most significant support for Trump so far has come from Las Vegas casino mogul Sheldon Adelson and his wife Miriam Adelson, who each donated $5 million to America First Action, a pro-Trump super PAC linked to former and current Trump campaign officials, including Parscale.

READ MORE: Democrats Gain Huge Fundraising Boost With Flood Of Donations Ahead Of Midterms

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