President Donald Trump’s latest fundraising numbers will have many Democrats very worried about the 2020 presidential election.
As noted by Fox News, Trump’s re-election campaign raised a whopping $30.3 million in the first quarter of 2019, which is far more than every single 2020 Democratic presidential candidate.
Of that $30.3 million, almost 99 percent of all donations were $200 or less, with the average donation being $34.26.
This is arguably the most important data point because it shows that almost 100 percent of Trump’s re-election campaign is being funded by Americans, not large donors and corporations.
It also shows that regular Americans are sending their hard-earned money to help Trump get re-elected in 2020.
The Republican National Committee also matched Trump’s massive fundraising haul, bringing in $45.8 million in the first quarter of this year.
Combined, the RNC and pro-Trump effort has a reported $82 million in the bank for the first quarter of this year.
Below is how much 2020 Democrats raised in the first quarter of 2019:
- Vermont Sen. Bernie Sanders was leading the money race after taking in $18.2 million in the first quarter of this year
- California Sen. Kamala Harris brought in $12 million
- Former Rep. Beto O’Rourke raised $9.4 million
- South Bend, Ind. Mayor Pete Buttigieg received $7 million
- Massachusetts Sen. Elizabeth Warren raised $6 million
Here’s more from Fox News on the fundraising numbers:
Trump’s fundraising with the RNC has been divided between two entities: Trump Victory, the joint account used for high-dollar gifts, and the Trump Make America Great Again Committee, the low-dollar digital fundraising operation known internally as “T-Magic.”
Together, the Trump entities have raised a combined $165.5 million since 2017.
Republicans have trailed Democrats in online fundraising ever since the medium was invented roughly two decades ago. However, Trump has closed the gap, driving small-dollar donors who make recurring donations to the GOP at rates the party has never seen before.
According to RNC chairwoman Ronna McDaniel, Trump’s campaign already has seen eight seven-figure fundraising days this year and has taken in money from over 1 million new online donors since Trump’s inauguration — including 100,000 this year.
The RNC said it was planning on spending $30 million on maintaining and growing Trump’s email list alone, recently expanded its headquarters space to an annex in Virginia and will soon invest in developing an app.
He quickly reversed course on high-dollar donations after he won the GOP nomination, bowing to the financial pressures of running a general-election campaign. He’d already raised millions online through the sale of merchandise such as his signature red “Make America Great Again” hats.
Trump and the RNC are bringing in a truck load of money, with almost all of it coming directly from the American people.
This should — and likely does — have Democrats shaking in their boots.
This war chest gives Trump a massive head start and advantage in the 2020 election.