The Republican campaign, together with the Republican National Committee, announced Wednesday that the fundraising events held in July brought in a record total for the 2020 cycle of $165 million, passing what the Democratic rival, Joe Biden, raised last month by $25 million.
In a press release, Trump’s campaign shared that their joint fundraising entities and the Republican National Committee (RNC) surpassed the billion-dollar mark with $1.1 billion accumulated this cycle, with a $165 million massive July haul, giving the President an edge of over $300 million cash-on-hand into the final stretch of the November 2020 General Election. The re-election effort for last month was the largest online fundraising ever on the Republican side, this suggests that even amid a pandemic, the incumbent still has an advantage on spending against its challenger. July’s fundraising announcement comes after Biden raised more money in the previous two months. This move triggers the President to actively attend an in-person fundraising event for the first time since the pandemic in March.
RNC’s Chairwoman Ronna McDaniel said in a press statement that the Republicans teams and supporters are in overdrive to re-elect President Trump and other Republican candidates in this election. The enthusiasm, from Maine to Nevada, that they are seeing from their voters continue to grow as Americans know the critical choice they will be facing this November, and it is between a lawless cancel culture under Joe Biden and a Great American Comeback under President Trump, she added.
On the other hand, Joe Biden’s camp launched its $280 million investment on television and Digital campaign ads as their committees continue to hold online fundraising events this month, overtaking Trump’s $147 million television reservations. The Democrats campaign’s contributions often come from ordinary individuals and grassroots donors that support Biden’s fundraising activities lead to an average of $34.77 online donation to the campaign, Market Watch reports.
This fundraising includes donations received by each candidate, their national political parties, and various joint fundraising activities their campaign set up. The Federal Election Commission requires both campaigns and their national political parties to hand-in their fundraising report to these financial arrangements.