Former President Donald Trump has proven to be a fundraising juggernaut as his various political action committees continue to rake in near-unprecedented sums of money ahead of the 2022 midterms and the 2024 presidential election cycle, the latter of which he has yet to say definitively he will join.
Trump’s “political war chest,” as Just The News put it, has surpassed $100 million, which is “an extraordinary haul for an ex-president that will allow him to play a major role in the 2022 elections when Republicans want to re-capture control of Congress,” the outlet’s founder, John Solomon, continued.
Campaign finance records that were publicized Saturday show that Trump’s various PACs collected $82 million in donations during the first half of this year and that overall, they now have some $102 million in the bank.
“Trump’s fundraising prowess come even as social media companies kicked him off their platforms, clearly illustrating the 45th president’s continued popularity among his base and among small conservative donors,” Solomon observed, adding that the monies were donated to Trump’s leadership PAC Save America, the Make America Great Again PAC, and a joint fundraising organ that brought in donations for both.
Politico noted that what Trump has accomplished “is virtually unprecedented.”
“Never in history has a former president banked nine figures’ worth of donations to power a political operation,” the outlet reported Saturday, noting that the fundraising haul is “on a scale” matching the official GOP political operations including their House and Senate campaign committees as well as the Republican National Committee itself.
PACs such as Save America have annual donation limits of $5,000 per donor but there are not many restrictions on how those leadership organizations can spend their money. Thus far, Trump has been hoarding the cash, spending little of it though he can use the money for travel, staging events, political ad campaigns and to support candidates and additional political functions.
However, the biggest restriction is that Trump can’t use any of the leadership PAC funds for a presidential campaign.
Still, Trump and his surrogates have signaled that his priority is to hand-pick, endorse, and then help elect so-called “America First” Republicans to Congress and to win back the House and possibly the Senate before deciding whether to run for a second term in 2024.
“On behalf of the millions of men and women who share my outrage and want me to continue to fight for the truth, I am grateful for your support,” Trump noted in a statement.
Politico reported that Trump is planning to spend the bulk of funds his PACs take on the 2022 election.
To that end, his last chief of staff, Mark Meadows, also a former GOP lawmaker from North Carolina, said ahead of the weekend that the former president had been meeting with “Cabinet members” at his golf resort in Bedminster, N.J.
“We met with several of our Cabinet members tonight,” Meadows told Newsmax TV host and former Trump adviser Steve Cortes last week. “We actually had a follow-up member — meeting with some of our Cabinet members, and as we were looking at that.
“We were looking at what does come next. I’m not authorized to speak on behalf of the president, but I can tell you this, Steve, we wouldn’t be meeting tonight if we weren’t making plans to move forward in a real way, with President Trump at the head of that ticket,” he added.
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