Monday, September 14, 2020

Where Biden's money comes from...

Trump raised $229.5 million among small donors compared to Biden's $139 million, according to latest Center For Responsive Politics data.

An imperfect though telling metric in presidential campaigns is enthusiasm among small donors, those giving $200 or less. It's a rough proxy for enthusiasm among the base, and just as polling shows President Trump receives a more ardent embrace among his base than rival Joe Biden, the individualized money story reflects that as well.

Americans who donate to campaigns are more likely to vote, according to the Pew Research Center. "Among those who say they vote always or nearly always, 21% said that they made a donation, compared with 4% of those who seldom voted or voted only part of the time," the Pew survey found.

Biden Campaign Donor Makeup at 9-11-2020
Biden Campaign Donor Composition
(Source: Center For Responsive Politics, 9/11/2020)

Trump raised $229.5 million among small donors compared to Biden's $139 million, according to latest Center For Responsive Politics data. Biden has raised slightly more money ($187.3 million) than Trump ($183.9 million) among big donors. Trump and Republicans overall have outpaced Biden in total fundraising, with $505.4 million compared to $478.9 million.

Trump campaign Donor composition
Trump Campaign Donor Composition 
(Source: Center For Responsive Politics, 9/11/2020)

Large donations comprise a bigger chunk of the overall money raised by Biden than Trump. This trend could fit into Trump's electoral argument that Biden is beholden to large, global corporations, while Trump is a fighter for the working and middle classes. 

The Center For Responsive Politics told Just the News it does not have data on the specific number of people who have donated in small amounts to either campaign. Tracking this data is especially compelling for small donors located in swing states.

Separate Center For Responsive Politics data for campaign contributions overall — including congressional campaign donations — shows that business interests have given more to Democrats ($1.12 billion) compared to Republicans ($990.5 million) during the 2019-2020 election cycle. Organized labor, meanwhile, has donated far more to Democrats ($44.5 million) than to Republicans ($7.7 million).

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