by Natalia Mittelstadt
Despite President Biden’s poor polling numbers, Democrats are overtaking Republicans in the 2024 election cycle, in which the GOP could retake the White House and the Senate.
The Republican Party is significantly supporting the Democratic Party in fundraising because former President Donald Trump faces criminal charges at the state and federal levels and Biden is viewed very unfavorably by Americans. However, the fresh chairman of the Republican National Committee is hopeful for the 2024 elections as donations begin to flow in the wake of Trump’s trials.
Biden raised $165 million in the first three months of the year, which was $75 million more than Trump, who raised less than $90 million. According to Financial Times.. By comparison, annual per capita household income in Biden’s home state of Delaware was $42,180 last year. according to the US Census Bureau which also notes that the poverty rate in Delaware is 9.4%.
The Democratic president had $146 million in cash at the end of March compared to Trump and RNC for $93.1 million.
Early last month, the Trump campaign said a fundraiser in Palm Beach, Florida, raised $50.5 million, setting a fresh fundraising record for a single event. – reported the Associated Press. Biden’s campaign says it raised $26 million at a March event at Radio City Music Hall with former presidents Bill Clinton and Barack Obama. According to the Associated Press, the cheapest tickets were $225, but more money allowed donors to meet the presidents more closely. A photo with all three of them cost $100,000. A donation of $250,000 gave donors access to one reception, and $500,000 allowed them to attend an even more exclusive event.
According to transparency watchdog Open SecretsTrump’s latest fundraising total shows the former president has raised $109,172,466. Meanwhile, Biden conquered $215,235,828. But three of Trump’s four major campaign committees spent more money than they raised, unlike Biden’s top groups, which raised more than they spent.
Until the 2020 electionsBiden raised a record $1 billion, more than Trump’s $774 million, and in addition to the hundreds of millions the former president raised for the RNC and cash left over from Trump’s joint fundraising committees that didn’t go to the primary campaign.
Despite more fundraising, Biden is ahead of Trump in polls.
According to RealClearPolitics average pollTrump has a 1.2-point advantage over Biden, with the former having 46.1% and the latter 44.9%.
During the same period in the 2020 and 2016 presidential elections, Biden and Hillary Clinton were both before Trump in the RCP poll average. Biden had a 5.3-point lead and Clinton had a 6.5-point advantage.
Biden job acceptance assessment According to RCP, it is also low at 39.2%, with a disapproval rate of 56.3%. At the same point in Trump’s presidency, the Republican president’s approval rating was 44.6%. Record for lowest presidential approval rating was George W. Bush in February 2008.
The GOP’s fundraising problems were partly attributed to then-RNC Chair Ronna McDaniel.
In February, before McDaniel’s ouster, Arizona’s RNC National Committee member Tyler Bowyer said Only News that “the RNC is in a bad financial situation.” He explained that a $5 million line of credit was included in the RNC’s budget resolution. While it is “normal” for the RNC to “have a line of credit,” it is not normal to “have debt in the budget.” Bowyer said.
He added that after adjusting for inflation, “last year was the lowest fundraising year for the RNC in 30 years.”
But under the fresh Trump-aligned RNC leadership, the party does opened a joint master account with the Trump campaign and worked to escalate its consumption.
“Our campaign, in partnership with the RNC, continues to increase its fundraising efforts, and March data demonstrates overwhelming support for President Trump from voters across the spectrum,” Trump campaign co-CEO – said Susie Wiles in April.
“Republicans may not be the beneficiaries of the self-serving largesse of Hollywood and Silicon Valley elites, but President Trump is proud to receive support from voters who are the backbone of this nation, which will propel Republicans on the ballot,” he added. she added.
RNC and Trump combined campaign brought in In March, $65.6 million.
RNC Chairman Michael Whatley told the television program “Just the News, No Noise” on Tuesday that fundraising has been increasing since Trump became the GOP’s presumptive presidential nominee.
He also said that “business owners in America […] understand that Joe Biden is at war with American families, has declared war on American businesses, and is doing everything in his power to kind of strangle the economy, you know, and really shut it down.”
Whatley said “people are responding” to it because “over 90 percent of our donations come from diminutive dollar donations […] “Right now, every day that President Trump is in court, we’re making a million dollars in donations coming in from all over the country because people realize they’re being sued for ‘illegal actions,'” he added.
Whatley also said, “We raised over $75 million in April,” and that “We are on track to raise the amount of money we need to be able to reach every American family and every American voter with our message.”
In Congress, Democratic candidates in highly competitive House districts raised an average of $970,000 in the first three months of the year, Axles reported. Over the same period, Republicans in these districts raised an average of just over $610,000.
In the first quarter, only four of the 20 top contributors in competitive districts were Republicans.
According to the RCP poll average for general vote in CongressDemocrats lead Republicans by 1.4 points, 45.2% to 43.8%.
The House of Representatives It currently consists of 217 Republicans to 213 Democrats and has five open seats.
IN Senate racesWith 280 candidates in attendance, Republicans have raised a total of $274,707,527, according to Open Secrets. However, Democrats with their 183 candidates raised a total of $460,567,295.
Minority Leader – said Mitch McConnell that the primary focus states this Senate election cycle are Maryland, Montana, Ohio and Pennsylvania due to Democrats’ vulnerable position.
According to RCP average polls for Pennsylvania candidatesincumbent Senator Bob Casey (D) and David McCormick (R), the incumbent senator advances by 5.3 points.
In Maryland, the GOP primary candidate has an advantage over the Democratic primary candidate, and former Gov. Larry Hogan has a 6.5 point lead over Republican David Trone. according to RCP.
RCP did not include polls for Senate races in Montana and Ohio.
– – –
Natalia Mittelstadt graduated from Regent University with a bachelor’s degree in communication and administration.
