Sen. Tim Scott‘s presidential campaign is spending more money than it’s raising, according to campaign finance filings.
Scott is the only Republican candidate who has outspent his fundraising totals, according to Axios, spending 109% of his campaign chest. The next closest is Gov. Doug Burgum (R-ND), who has spent 69%. The Republican front-runner, former President Donald Trump, has only spent 37% of his war chest.
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Scott has become one of the biggest spenders and fundraisers of the Republican primary, sporting the backing of a large Super PAC to help cover the costs. Leftover finances from his Senate campaign have also helped him still have $21 million cash on hand by the end of June, according to Politico.
However, how he’s spending the money is a mystery. According to the New York Times, $5.3 million of Scott’s finances have gone to two mysterious companies with no online presence, no previous work in campaign finance, and addresses that lead to a Staples in a mall. They were only set up months before Scott launched his campaign.
“These are independent companies we contract with to provide services to the campaign including managing multiple consultants,” said Matt Gorman, a senior communications adviser for Scott’s campaign, in a statement to the New York Times. “Payments to those companies are disclosed like all others on our F.E.C. report.”
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Despite his huge spending, Scott has made little dent in the polls. According to an early August Reuters/Ipsos poll, he was polling at just 2%, 45 percentage points behind the front-runner. He’s also lagging behind Gov. Ron DeSantis (R-FL), former Vice President Mike Pence, entrepreneur Vivek Ramaswamy, and former United Nations Ambassador Nikki Haley.
The Washington Examiner has reached out to Scott for comment.
