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As political campaigns are ramping up for the 2022 midterm elections, the Federal Election Commission has recently released the latest fundraising filings for various candidates. The filings provide insights into the financial prowess of particular campaigns, their strategies, and the growing trends in campaign finance. We’ve analyzed the filings of six leading candidates: former President Donald Trump, former UN ambassador Nikki Haley, Florida Governor Ron DeSantis, Republican National Committee chair Ronna McDaniel, Democratic National Committee chair Jaime Harrison, and South Carolina Senator Tim Scott. Below, we detail six takeaways from these campaign fundraising filings.
1. Trump Towers in Campaign Fundraising
Donald Trump’s campaign fundraising filings have demonstrated his standing as a Republican Party leader. Between April and June 2021, Trump’s political action committee “Save America” raised a whopping $82 million, which is more than any other Republican candidate. This shows that Trump’s popularity and fundraising potential among grassroots Republicans remain strong. Trump’s significant fundraising prowess proved that he’s still the kingmaker in the GOP despite being out of office.
2. DeSantis’s Long Game
Florida Governor Ron DeSantis’s political fundraising filings indicate that he plans to be a major contender in the 2024 presidential election. DeSantis who is widely considered a possible GOP 2024 presidential candidate, raised more than $44 million in just one month. DeSantis’s campaign also has an impressive $32 million cash-on-hand balance, giving him a significant advantage in his race. DeSantis’s fundraising success shows that he has successfully leveraged his coronavirus response policies to build his national profile among Republican voters.
3. Haley’s Early Start
Former UN Ambassador Nikki Haley’s fundraising filings during the second quarter of 2021 indicate that she is not waiting for the 2024 election to gear up her campaign. Haley raised $2.4 million in the second quarter of 2021, which translates to $140,000 million each day. Even though Haley has not announced a run yet, she has significantly increased her fundraising efforts, positioning herself for what could be a historic first – the first female president from the Republican party.
4. McDaniel’s Ambitious Goals
Ronna McDaniel, the chairwoman of the Republican National Committee, aims to outperform the party’s performance during the 2020 election cycle. During the second quarter of 2021, the RNC raised $44.4 million, which is 42% higher than during the same period in 2019. The RNC’s fundraising filings show that they are trying to keep up with the Democrats’ huge fundraising successes from 2020 elections and rallying the conservative base nationwide for the midterms.
5. Harrison’s Unsustainable Pace
Since taking over as the Democratic National Committee chairman, Jaime Harrison has been a prolific fundraiser, raising $14.6 million in the second quarter of 2021. Harrison is trying to reverse the Democratic Party’s recent fundraising struggles that saw it losing valuable congressional districts and Senate seats in the last election cycle. However, Harrison’s fundraising pace is unsustainable in the long run, and the party has to redouble its efforts to secure donations from various donors across the country.
6. Scott’s Race with Harrison
South Carolina Senator Tim Scott also has been busy building his campaign finance war chest ahead of the midterm elections. Scott raised $10.4 million in the second quarter of 2021, outraising the Democratic National Committee’s chairman. Scott’s fundraising filings suggest he plans to be a major contender for the Senate race in 2022, and he is confident in his ability to appeal to voters with his policies.
In conclusion, these fundraising filings demonstrate how the different candidates are gearing up for the upcoming midterms and future elections in the United States. Regardless of the race, fundraising is critical for any campaign to gain traction and achieve its objectives. While money isn’t everything in politics, it can significantly impact candidates’ campaigns, and the filings show who is thriving and who needs to improve their strategy. As midterm elections near, the money race shows no signs of slowing down, and we can expect more data and numbers from these candidates in the coming months.
