Donald Trump's fundraising giant slows as other Republicans win

By Jason Lange and Alexandra Ulmer

WASHINGTON (Reuters) – Former President Donald Trump’s online fundraising has slowed in recent months, a financial disclosure showed on Friday, raising questions about the firmness of his hold on the Republican Party.

Trump’s political committees raised about $18 million between April and June, about $2 million less than in the previous three months, according to a report by WinRed, the Republican donation processing portal.

The latest reports from WinRed have shown that Trump’s fundraising fell in seven of the last nine months, with small gains in May and June.

Trump’s decline, seen among both small and large donors, contrasts with fundraising growth in the rest of the GOP, as campaigns heat up ahead of the Nov. 8 midterm elections. when Republicans hope to take control of Congress.

After generating more than $300,000 a day in online contributions in September, Trump’s political committees have raised about $200,000 a day for the past four months.

The former leader’s divergent financial path from the rest of the party could be a sign of a decline in enthusiasm for him, said Republican strategist Mike DuHaime.

While Trump regularly hints that he will run for president in 2024, about a quarter of Republicans don’t think he should, according to a June 7-8 Reuters/Ipsos poll.

“There is definitely Trump fatigue,” DuHaime said, adding that the fact that Trump has not declared that he will run for president in 2024 could be tempering the urgency of his fundraising calls relative to Republican congressional candidates seeking topple the Democrats this November. “Donors care about future elections, not past ones.”

Trump spokesman Taylor Budowich said Trump was “raising money at an unprecedented rate” and that “any suggestion to the contrary is just a tired case of biased narrative traffic by fake news.”

No recent president has raised money after leaving office as aggressively as Trump.

His main political organization, Save America, had more than $100 million in the bank as of May 31, according to the committee’s most recent disclosure to the Federal Election Commission.

But his fundraising behemoth, which received about a fifth of all contributions made to Republicans through WinRed in June 2021, accounted for only about a tenth in June this year.

Trump, who remains the GOP’s dominant power broker, continues to lead national polls among his party’s likely 2024 presidential candidates.

But in recent weeks, other potential contenders have raised their profiles as Trump has been the focus of a congressional investigation into the deadly Jan. 6, 2021, assault on the US Capitol by supporters of the former leader.

Last month, Florida Governor Ron DeSantis, who has a political war chest similar to Trump’s, had more support than Trump among likely Republican voters for New Hampshire’s 2024 presidential primary, according to a survey by the University of New Hampshire.

(Reporting by Jason Lange in Washington and Alexandra Ulmer in San Francisco; Editing by William Mallard)

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