Trump is hoarding his war chest and Democratic donors are freeing up millions: 5 takeaways from the latest campaign money revelations


POLITICO has been pouring on the Federal Election Commission’s monthly filings for super PACs and party committees, with more outside groups and candidates set to report their first fundraising numbers of the year next month. Here are five takeaways from the latest developments in campaign money:

Trump is accumulating a growing war chest

Trump’s Save America PAC crossed $110 million in the bank at the end of February, after taking in $3.5 million in the month and spending just $1.2 million.

That’s more money than the two national political parties — the Democratic National Committee and the Republican National Committee — have combined in their main bank account. The DNC reported $52.9 million in its coffers at the end of the month, while its Republican counterpart had $45.5 million in its bank account.

Trump has done little to spend his largesse around the party. The committee reported no new donations or independent spending supporting Trump-endorsed candidates.

The documents, however, revealed substantial payments to two law firms representing high-profile witnesses wanted by the Jan. 6 select committee. One of them, Brand Woodward — the firm of former House counsel Stan Brand — represents longtime Trump aide Dan Scavino, who is still drawing a check from the PAC executive. Brand’s counterpart, Stanley Woodward, represents several of the defendants accused of breaching the Capitol.

Daniel Bean, an attorney at the other firm, Abel Bean, is representing Trump spokesman Taylor Budowich.

Dem super PACs well stocked as they fight to keep Congress

Major Democratic-focused super PACs in the House and Senate have continued to raise money at a healthy pace, even as Democrats face a tough political environment.

House Majority PAC brought in $6.6 million, including $5 million from prominent Democratic donor Fred Eychaner. This brought total super PAC cash to $45.8 million. The Senate Majority PAC raised $5.7 million, bringing its total cash reserves to $36.6 million.

(Republican super PACs focused on Senate and House races, the Senate Leadership Fund and the Congressional Leadership Fund, both file quarterly filings and won’t have to report their latest numbers until April. .)

Official Democratic Party committees also had big months, each backed by transfers of $5 million from the DNC. The Senate Democrats’ campaign arm raised $15 million and has $37.9 million in the bank, while the House Democrats’ committee raised $19.3 million and had $99.2 million. reserved.

The Senate Republicans campaign arm raised $11.7 million and has $41.6 million in its account, slightly ahead of its Democratic counterpart, while House Republicans raised $10 million and had $41.6 million in its account. $85 million in the bank.

The Growth Club cements its power

The Growth Club continues to expand its influence as one of the Republican Party’s power bases. The Club’s super PAC arm brought in $6.6 million and has $26.7 million in the bank.

Its biggest benefactor continues to be Jeff Yass, who has become one of the most powerful Republican donors in recent years. He personally gave $3 million to the club and the Kentucky Freedom PAC – a super PAC that supports Sen. Rand Paul (R-Ky.), and which Yass funded – donated an additional $2 million.

Maritime Magistrate Richard Uihlein paid an additional $1 million.

The Club has been active in the Republican primaries this year, and has been the cycle’s biggest outside spender so far, according to OpenSecrets.

The group — which, after opposing Trump in the 2016 primaries, has closely aligned with him ever since — has spent heavily supporting Rep. Ted Bud‘s (RN.C.) Senate candidacy, as well as Rep. Mo Brooks‘ (R-Ala.) Struggling campaign for the Senate.

Kentucky Freedom also donated $750,000 to Protect Freedom PAC, another Paul-aligned group. Protect Freedom recently spent $100,000 on digital ads in support of Trump Rep. Harriet Hageman. Liz Cheney (R-Wyo.).

ActBlue provides insight into fundraising

Online donation processor ActBlue released its monthly report, showing which Democratic candidates contributed the most money online before their own quarterly deposit reports revealed their total contributions.

The first recipient, according to a non-partisan California Target Book compilation, was the DCCC, grossing over $4 million through ActBlue. It was followed by the DSCC with $3.6 million and the DNC with $3.48 million.

The second highest tier of fundraisers was comprised of all Senate candidates: Sen. Raphael Warnock (D-Ga.), Rep. Val Demings (D-Fla.) and Sen. Mark Kelly (D-Arizona) each grossed over $2 million apiece, and Rep. Tim Ryan (D-Ohio) raised nearly $1 million.

Those Democrats mostly cleared the fields in their primaries, but also face competitive races in November.

Progressive Texas House candidate Jessica Cisneros also brought in more than $820,000 online in February, making her one of the highest-raising House candidates on ActBlue last month. She is now preparing for a second round against the incumbent representative. Henry Cuellar May 24.

Other major House fundraisers include speaker Nancy Pelosi be p. Adam Schiff (D-Calif.), as well as Marcus Flowers, who challenges Rep. Marjorie Taylor Greene (R-Ga.) in a safe Republican neighborhood.

ActBlue’s Republican opposite, WinRed, doesn’t file reports every month, so similar data won’t be available to Republican candidates until the next quarterly deadline in April.

The big Democratic donors to watch

In addition to Eychaner’s big bang with the House Majority PAC, Democratic megadonor George Soros’ political committees donated $2.5 million to SMP and $2 million to American Bridge’s super PAC arm, l political communications and research operation that is part of Agent David Brock’s sprawling network. .

Soros also personally donated $500,000 to the Democratic Grassroots Victory Fund, a fundraising arm of the DNC and state party group.

Another major Democratic donor in February was Deborah J. Simon, the heiress to a shopping mall empire. Simon donated $1 million to Bridge’s super PAC, and she also sent $875,000 to the DGVF. Simon was one of the biggest hard-money givers of the 2020 cycle.

Simon joined the board of EMILY’s List, the powerful liberal group that supports “pro-choice Democratic women”, in 2021.

Kyle Cheney contributed to this report.




Politico

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button