Trump Is Banking on Billionaires To Put Him Back in the White House
Yahoo News
September 7, 2024
As Vice President Kamala Harris rakes in record-breaking donation hauls, Donald Trump's campaign is falling behind -- and increasingly relying on billionaires to bankroll Super PACs to remain competitive.
It's happening as the former president promises favors to donors: lucrative new policies, regulatory rollbacks, administration roles.
You name it, it's on offer.
To be clear, Trump is still raising money.
His campaign and committees brought in $139 million in July, and $130 million in August.
But Harris raised $310 million in July after taking over the Democratic ticket, and her campaign says she raised another $361 million in August.
There's one area where Trump is still beating Harris: spending by outside groups.
Pro-Trump Super PACs have made $194 million in independent expenditures boosting his campaign since President Joe Biden left the race and Harris took over the ticket, compared with $145 million for Harris.
The pro-Trump Super-PACs are being bankrolled or-directed by some of the wealthiest people on the planet.
Timothy Mellon, an heir to Andrew Mellon's Gilded Age fortune, has donated $125 million to Trump's primary outside group, Make America Great Again.
The group has poured $97 million into the race since Biden left the race.
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= new reply since forum marked as read
... in the history of the USA. We have no reason to want him back in the White House, and neither do the billionaires. What do the billionaires gain if Chump is back in the White House and the country tanks? All their billions will be worthless.
