Trump PACs struggle with funding due to legal issues despite successful fundraising.
Trump’s Save America PAC Faces Financial Struggles Amid Legal Woes
Former President Donald Trump’s associated super PAC, Save America, has showcased its fundraising prowess by amassing an impressive $15.5 million in 2023. However, new Federal Election Commission filings have shed light on the group’s financial challenges, revealing a more strapped-for-cash situation than previously known.
In the second-quarter campaign filings, Trump’s campaign boasted strong numbers and a substantial cash reserve of $22 million, surpassing Governor Ron DeSantis’s $12 million. However, recent reports highlighting the exorbitant costs of Trump’s legal battles indicate a rapid decline in his war chest.
Trump’s Legal Woes Take a Toll
The Save America PAC’s largest expense, as expected, was legal consulting, amounting to a staggering $21 million. This significant expenditure reflects the mounting legal troubles faced by Trump.
Republican consultant Rob Pyers pointed out that while Trump’s various fundraising committees and PACs have generated approximately $135 million in the past year and a half, they now have only about $32 million remaining.
Upcoming Trials and Indictments
The first Republican presidential caucuses are just five months away, with the general election scheduled more than a year from now. In the midst of these crucial events, Trump’s trial in the classified documents case is set for May 2024. Additionally, he anticipates a new indictment from special counsel Jack Smith regarding the investigation into the January 6 Capitol riot and efforts to overturn the 2020 presidential election.
Last week, reports emerged stating that the Save America PAC would disclose $40 million in legal expenses.
“In order to combat these heinous actions by Joe Biden’s cronies and to protect these innocent people from financial ruin and prevent their lives from being completely destroyed, the leadership PAC contributed to their legal fees to ensure they have representation against unlawful harassment,” campaign spokesman Steven Cheung told CNN in a statement.
Monetary Challenges for Republican Contenders
The financial struggles faced by Trump’s Save America PAC have implications for the top two contenders in the Republican nomination race. Both Trump and Governor Ron DeSantis are grappling with monetary problems months ahead of the primary contest. However, Senator Tim Scott (R-SC) has taken a more cautious approach. Despite polling in the single digits, Scott reported the second-highest cash on hand at the end of the second quarter, trailing only Trump with $21 million.
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