Trump is in a “full sprint” to close the money gap with Biden as his legal fees continue to grow.

People who are aware with Donald Trump’s efforts have stated that he is in a “full sprint” to shrink President Biden’s considerable fundraising edge.

He has talked to or visited with big-money contributors practically every day this week in preparation for a scheduled spectacular event in Palm Beach on Saturday night.

 One of the persons who are familiar with Trump’s fundraising efforts stated that the team is aware that it is falling behind and wants to catch up as soon as possible.

This individual, like with others, spoke on the condition of anonymity in order to explain private actions.

trump

The fundraising team for Donald Trump has been requested to acquire as many checks as possible as quickly as possible in order to increase the number of donations received by the former president.

In order to compete with Biden’s field effort and advertising campaigns, Republican officials are keen to close the gap between themselves and the Democratic candidates.

Their goal is to ensure that candidates for the Republican Party win all positions on the ticket. Nevertheless, the legal issues that Trump is facing are putting a burden on a number of his political committees.

According to some who are close to Trump, the dinner at Palm Beach this weekend is anticipated to bring in approximately fifty million dollars.

During a call on Friday afternoon, the former president informed donors that the event that will take place this weekend would bring in twice as much money as the $25 million that Democrats claimed they raised during a recent New York fundraiser with Vice

President Joe Biden, former President Bill Clinton, and former President Barack Obama, according to two individuals who are familiar with Trump’s remarks on the Friday call.
This week, the Trump campaign and the Republican National Committee said that they had raised more than $65.6 million in March and that they had over $93 million on hand at the end of the month.

This is a significant improvement over the figures that were achieved in February.
On the other hand,

Trump’s fundraising machine is still a long way behind that of Biden’s, which got its start in fundraising from wealthy donors through pooled accounts with national and state parties. During the month of March, Biden pulled in more than $90 million.

A total of $192 million in cash was available at the end of the month for the broader Biden campaign, which is more than twice as much as what Trump possessed.

According to two individuals who are familiar with the fundraising efforts of the Republican Party, the pressure being placed on Republican contributors to demonstrate that they are capable of rapidly raising sufficient funds to compete grew as a result of the cash advantage held by the Biden team and the splashy media coverage of the Democrats’ $25 million New York harvest.

According to a person who recently spoke with Trump, he is keeping a careful eye on who is going to be present at the fundraiser on Saturday, who has contributed the most money, and how much money has been raised. Regular updates on the attendees are sent to him by his advisors.

 It was said by someone who was familiar with his way of thinking that “he is focused on this fundraiser.” He has a large number of pals in Palm Beach, and he is raising the question, “Are they generous?”

During the past few weeks, Trump has reportedly spent time meeting with fundraisers on a nearly daily basis, according to sources who are close to the former president.

According to a statement released by the communications director for the Trump campaign, Steven Cheung,

“Our digital online fundraising continues to skyrocket, our major donor investments are climbing, and Democrats are running scared of the fundraising prowess of President Trump.

” The sum that was collected on Saturday would be unprecedented for a single political fundraising event, according to Trump’s allies.
According to a joint fundraising agreement that was negotiated by the campaign and the Republican National Committee, the Trump 47 victory committee has the ability to raise up to $814,600.

When each check is written, the first $6,600 is sent to the Trump campaign, the next $5,000 is given to the leadership PAC, which has been covering legal fees for Trump and some of his allies, and the remaining $413,000 is given to the Republican National Committee.

According to filings with the Federal Election Commission (FEC) and donor forms obtained by The Washington Post, the leftover funds from each donation, up to the maximum of $814,600, are distributed in a sequential manner to the local Republican parties in at least 39 states.

“Momentum brings more momentum,” said a person who was acquainted with the party’s fundraising efforts and who spoke on the condition of anonymity in order to describe the dynamics that exist within the party.

 “For the joint fundraising committee for Trump to come right behind [the Democrats’ New York event] and raise well over fifty percent more —

that sends a message to Republican donors who may be trying to decide how much they are going to play this year that they have turned this thing around rapidly,” said the spokesperson for the Trump campaign.

Biden’s team stated on Friday that they were not concerned about the massive event that Trump is holding in Palm Beach. The fundraiser will feature a large number of donors who will contribute their maximum amount for the remainder of the cycle.

However, same individuals are still able to give limitless sums to third-party organizations that are supporting Trump.
“This thing this weekend is a handful of billionaires figuring out how to pay his legal bills, and we’ve got millions of grass-roots donors who are powering our campaign,” said Rob Flaherty, a deputy campaign manager for Bernie Sanders, who is running for vice president of the United States.


The most costly tickets for Biden’s New York event were sold for $500,000, which is significantly less than the highest contribution that may be made to a committee that is sponsoring Biden’s reelection, which is $929,600.

This means that top-level contributors were not required to give their maximum amount. It was reported by a Biden official that approximately 165,000 fans contributed small amounts of money in order to participate either digitally or in person.

Now, the Biden campaign is in a position that is much ahead of where Obama’s reelection campaign was at the same period in 2012, when it was considered.

When compared to the number of donations that Obama received in March 2012, Biden reported 704,000 unique donors throughout the month of March.

According to his campaign, a total of 1.6 million individuals have contributed to the Biden effort therefore far, with forty percent of those individuals being new to this cycle. This figure indicates approximately one out of every fifty individuals who voted for Biden in the 2020 election.

The donors who are raising money for Trump want to capitalize as swiftly as possible on the perceived shortcomings of Biden’s candidacy and the present political context, which is where Trump is edging out his opponent in recent swing state polls, according to several people who are familiar with the party’s high-dollar effort.


The Republicans were at a disadvantage during the contentious primary election for the Republican Party because they witnessed the Democrats amassing large checks through a variety of organizations, such as the campaign of Vice President Joe Biden and the Democratic National Committee.

An individual who is aware with the event has stated that the Trump fundraiser that will take place on Saturday will be hosted at the residence of billionaire hedge fund manager John Paulson.

An invitation that was received by The Post includes names of some of the most significant political donors in the United States. These individuals include Linda McMahon, who once served as the head of the Small Business Administration, Steve Wynn, who is a hotelier, and Robert Bigelow, who is a businessman.

Kelly Loeffler, a former candidate for the Georgia Senate, Jose “Pepe” Fanjul, a sugar mogul, and Steve Witkoff, an investor in real estate, are also among the co-chairs of the committee.

The donors who are raising money for Trump want to capitalize as swiftly as possible on the perceived shortcomings of Biden’s candidacy and the present political context, which is where

Trump is edging out his opponent in recent swing state polls, according to several people who are familiar with the party’s high-dollar effort.


The Republicans were at a disadvantage during the contentious primary election for the Republican Party because they witnessed the Democrats amassing large checks through a variety of organizations,

such as the campaign of Vice President Joe Biden and the Democratic National Committee.

An individual who is aware with the event has stated that the Trump fundraiser that will take place on Saturday will be hosted at the residence of billionaire hedge fund manager John Paulson.

An invitation that was received by The Post includes names of some of the most significant political donors in the United States. These individuals include Linda McMahon, who once served as the head of the Small Business Administration, Steve Wynn, who is a hotelier, and Robert Bigelow, who is a businessman.

Kelly Loeffler, a former candidate for the Georgia Senate, Jose “Pepe” Fanjul, a sugar mogul, and Steve Witkoff, an investor in real estate, are also among the co-chairs of the committee.

In the month of February, the campaign of Donald Trump was able to raise close to eleven million dollars and had thirty-three million dollars in cash on hand.

Republican presidential candidate and former U.S. President Donald Trump gestures during a campaign rally on March 2 in Richmond, Virginia, U.S. March 2, 2024. REUTERS/Jay Paul

This figure is much lower than the seventy-one million dollars that the campaign of Joe Biden had in its treasury at the end of the period. When it comes to fundraising, the Republican National Committee has fallen behind the Democratic National Committee.

At the end of the month, the RNC reported having $11.3 million in cash on hand, while the DNC had $26.6 million.

Save America PAC spent more money than it brought in during the month of February, with the majority of its funds being allocated to cover legal expenses.

Prior to Trump’s decision to collaborate with the Republican National Committee (RNC) in order to raise funds through the newly established joint fundraising committee, he relied primarily on his own small-dollar donors in order to assist him in paying his legal fees through his own committees.

For every dollar that was brought into his joint fundraising account, he would allocate ninety cents to his campaign committee and ten cents to the Save America leadership PAC.

Trump has recently been successful in regaining the support of a number of billionaires who had previously abandoned him as a candidate due to his legal issues and his participation in the January 6th storming of the United States Capitol.

According to statements made by officials to the Trump campaign, the Republican National Committee will not cover any of Trump’s legal bills. This guarantee is intended to reassure high-dollar donors who want to make sure that their contributions are spent solely to defeat Biden.


In an effort to close the cash-on-hand deficit with President Biden, who recently set a high-dollar fundraising record, big-money contributors are beginning to come together in support of former President Donald Trump. This comes after Trump has assumed the role as the presumptive contender for the Republican Party presidential nomination.

Trump will take part in what is being dubbed as a “Inaugural Leadership Dinner” this coming weekend in Palm Beach, Florida. The dinner will include several high-profile donors from the Republican Party and will signal the beginning of a big campaign to cut into Biden’s lead in terms of cash-on-hand.

Co-chairs of the event will include oil tycoon Harold Hamm, hotelier Robert Bigelow, casino mogul Steve Wynn, and hedge fund tycoon Robert Mercer and his daughter Rebekah. The event will be directed by hedge fund billionaire John Paulson, who will also serve as the event’s leader.


Co-hosting the event will also be Scott Bessent, who is the founder of the investment firm Key Square Group and formerly served as the chief investment officer at Soros Fund Management, which is owned and operated by George Soros. Bessent has been believed to be a possible candidacy for cabinet positions in the event that Trump enters a second term in office.

The event will also be attended by Jason Trennert, Chairman and Chief Executive Officer of Strategas, who is widely regarded as one of the most influential thought leaders on Wall Street.

Along with Wilbur Ross, who served as Trump‘s secretary of commerce in the past, it is anticipated that other individuals, including Chicago Cubs co-owner Todd Ricketts and New York Jets co-owner Woody Johnson, may also be involved.
The highest level of the event is called the “Chairman Level,” and it costs $824,600.

 This level includes sitting at the table reserved for the previous president.
“Now that President Trump won the primaries, defeating all 10 contenders by a landslide, I think it’s time for Republicans to unite behind him,” Paulsen stated in an interview with Bloomberg. “For that reason, I’m hosting this inaugural event to galvanize the broad support there is for the president.”

In a star-studded event that also included former Presidents Barack Obama and Bill Clinton, Vice President Joe Biden was able to raise at least $26 million on behalf of the organization.

Many people anticipate that Trump’s fundraising haul will surpass that record-setting figure and maybe reach somewhere in the neighborhood of $43 million.
In the swing state of Georgia, on April 10, Trump will host a fundraising luncheon with former Georgia Republican Senators David Perdue and Kelly Loeffler.

 The event will take place in the state of Georgia. A number of prominent Republican donors are anticipated to be present, including the co-founder of Home Depot, Bernie Marcus, an executive in the poultry industry named Tommy Bagwell, an executive in the beverage sector named Don Leebern III, and Buckhead advocate Bill White.


Both Trump and attorney Dan Newlin will be participating in a fundraising event that will take place on the same day in Orlando, Florida.

Donald J. Trump, the President of the United States, has once again established a fundraising behemoth among Republicans. “Despite the fact that he has been the presumed nominee for the Republican Party for a little over a month, the Republican National Committee and the Trump campaign are working together as a single entity, with the goal of achieving victory,” said Michael Whatley, the chairman of the Republican National Committee, in a statement released this week.


!!Stay tuned for further updates!!


END

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