President Trump’s campaign and the Republican National Committee took in $125 million during the third quarter of this year, breaking a presidential fundraising record.
Since the beginning of the year, the group has raised more than $308 million. It also has a war chest of more than $156 million in the bank, according to the Washington Post. President Barack Obama and the Democratic National Committee by comparison raised over $70 million during the same quarter in the lead up to his 2012 reelection.
Republicans and the Trump campaign have recently been fundraising off of impeachment efforts by House Democrats. The campaign announced last week that it would spend $8 million to air an ad on television and radio attacking Democrats over the impeachment inquiry and accusing them of trying to “steal” the upcoming election. The RNC additionally is spending $2 million attacking Democrats for supporting impeachment.
RNC Chairwoman Ronna McDaniel said that the move by Democrats is helping galvanize voters to donate more to Trump and the RNC.
“We are investing millions on the airwaves and on the ground to hold House Democrats accountable, highlight their obstruction, and take back the House and reelect President Trump in 2020,” McDaniel, 46, said.
Trump campaign manager Brad Parscale said that the president has constructed “a juggernaut of a campaign,” highlighting the record amount of donations.
The reelection effort plans to devote a whopping $1 billion toward reelecting Trump.
