Democrats Outpace Republicans In Fundraising Despite Biden’s Low Approval Ratings

The Democratic Party is outperforming the Republican Party in fundraising for the 2024 election cycle despite President Joe Biden’s low approval ratings and the potential for the GOP to retake the White House and Senate. Democrats have raised $165 million over the first three months of the year compared to the Republicans’ $90 million.

According to the Financial Times, Biden had $146 million cash on hand at the end of March while former President Donald Trump and the RNC had $93.1 million. This discrepancy exists even as Trump is facing criminal charges at both the state and federal levels and Biden is viewed unfavorably by many Americans.

“Our campaign working together with the RNC has been steadily ramping up our fundraising efforts and our March numbers are a testament to the overwhelming support for President Trump by voters all across the spectrum” Trump campaign co-manager Susie Wiles said in April. However, Open Secrets reports that Biden has raised $215,235,828 compared to Trump’s $109,172,466.

Despite the Democrats’ fundraising advantage Biden trails Trump in the RealClearPolitics Poll Average by 1.2 points with the former president at 46.1% and the current president at 44.9%. Biden’s job approval rating is also low at 39.2% with a disapproval rating of 56.3% according to RCP.