Vice President Kamala Harris and the Democratic National Committee tripled former President Donald Trump and the Republican National Committee‘s fundraising in the month of August, growing the Democratic Party’s financial advantage with just over six weeks before the general election.
Harris and the DNC raised $257 million to Trump and the RNC’s $85 million in August, FEC records showed.
The colossal month for Democrats illustrates Harris’s fundraising power since she took over for President Joe Biden as the Democratic presidential nominee. Recently, Harris took in $47 million in the 24 hours after her Sept. 10 debate with Trump.
The Harris campaign and the DNC entered September with $286 million on hand, while the Trump campaign and the RNC had $214 million. Democrats spent much of what it had raised in August, $258 million, compared to the RNC and the Trump campaign’s $121 million in expenditures.
Democrats’ growing fundraising lead likely means Republicans won’t be able to catch up in spending by the Nov. 5 general election. Axios reported that there was growing panic in GOP circles, given the debate largely didn’t boost Trump’s fundraising.
RNC Chairman Michael Whatley told Fox News earlier this month that “the Democrats have a ton of money. The Democrats always have a ton of money.”
However, he added, “we absolutely have the resources that we need to get our message out to all the voters that we’re talking to and feel very comfortable that we’re going to be able to see this campaign through and we’re going to win on November 5.”
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One notable donor to the Trump campaign, former Nikki Haley supporter and hedge fund manager Paul Singer, gave $5 million to Make America Great Again Inc., a sign that some of Haley’s supporters have come around to donating to Trump.
Harris’s cash advantage could prove critical in an essentially deadlocked race. It will give the vice president the power to outspend Republicans in battlegrounds and could send the GOP looking to appeal to voters in more cash-efficient ways.
