President Trump’s reelection campaign and the Republican National Committee raked in $60.6 million for their 2020 war chest in January as they prepare to take on Democrats.
Together, the two more than doubled the money earned by President Barack Obama and the Democratic National Committee in 2012, when the former president was at the same point in his first term as Trump is now, ahead of the November election. In 2012, Obama and the committee brought in $29 million, which is $31.6 million less than the Republicans.
The massive haul brought the Republicans’ cash-on-hand to more than $200 million. At the same point, Obama and the DNC had just $93.7 million cash on hand, along with $7.2 million in debt.
RNC Chairwoman Ronna McDaniel lauded the fundraising haul in a statement, saying, “The more Democrats smear President Trump, the more enthusiasm we see for him and his many accomplishments. We already have 500,000 volunteers trained and activated, and this record-breaking support is helping us grow our grassroots army even more.”
“The Democrats’ shameful impeachment hoax and dumpster fire primary process have only contributed to the record breaking financial support for President Trump’s reelection,” said Trump campaign manager Brad Parscale. “With President Trump’s accomplishments, our massive data and ground operations, and our strong fundraising numbers, this campaign is going to be unstoppable in 2020.”
[Related: Trump campaign and RNC raise more than $100 million during impeachment]
Since 2019, the RNC and Trump’s campaign brought in more than $525 million. In early January, the DNC claimed that donations to the committee and to their field of presidential candidates were nearly $580 million in 2019. While the DNC did bring in more money in 2019, those funds were split between several candidates, while Republicans were able to coordinate committee efforts with the Trump campaign in a joint field operation.
