Officials with President Donald Trump’s reelection campaign said Wednesday they notched a best-ever fundraising haul in the fourth quarter of 2019, bringing in $46 million.
Meanwhile, the campaign overall begins election year flush with cash — $103 million, well ahead of any Democratic presidential hopeful as that party launches its nomination battle beginning next month in Iowa.
The quarterly amount was raised solely by the Trump campaign and does not include funds raised by the Republican National Committee or other authorized fundraising entities.
Campaign manager Brad Parscale said the impressive fundraising is a “testament” to the president’s appeal and record while in office, the Washington Times reported.
“Democrats and the media have been in a sham impeachment frenzy, and the president’s campaign only got bigger and stronger with our best fundraising quarter this cycle,” he said.
“The president’s war chest and grassroots army make his reelection campaign an unstoppable juggernaut.”
Trump’s reelection campaign began 2019 with just over $19 million on hand. Throughout the year, it raised $143 million and banked $83.4 million.
The Trump campaign’s $102.7 million compares with the $81.8 million President Barack Obama had on hand when he began his reelection year in 2012.
Overall, the Republican Party has outmatched the Democratic Party in terms of fundraising heading into the new year.
“As 2020 nears, the Democratic Party continues to lag behind its Republican counterpart in fundraising efforts,” said Open Secrets, which tracks fundraising and campaign spending.
“The Democratic National Committee raised $9 million in October but burned almost as much cash to get there. The committee entered October with $8.6 million in the bank and exited the month with just $8.7 million on hand and $7 million in debt,” the site noted.
“In comparison, the Republican National Committee demonstrated unmatched fundraising power. It netted $25.3 million in October and spent $23 million, leaving $61.4 million in bank by the end of the month.”
Trump reelection campaign officials have said the Democrat-led impeachment has contributed to the record-breaking quarter.