• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Tim Scott sitting on $21 million war chest as Republican presidential nomination race heats up
Economy

Tim Scott sitting on $21 million war chest as Republican presidential nomination race heats up

by July 13, 2023
by July 13, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

FIRST ON FOX: Sen. Tim Scott of South Carolina’s campaign for the Republican presidential nomination says they ended the second quarter of 2023 fundraising with over $21 million cash-on-hand in their coffers.

Scott’s campaign, which shared its fundraising figures first with Fox News on Wednesday, reported bringing in $6.1 million during the second quarter, from April-June. 

TIM PAC – the super PAC supporting Scott’s White House bid – in a separate announcement told Fox News that they hauled in $19.28 million in the second quarter and had over $15 million cash on hand at the end of June.

Scott’s campaign highlighted that the vast majority of their fundraising came in the six weeks since the senator formally declared his candidacy on May 22. The only Black Republican in the Senate and a rising star in the GOP officially launched his presidential campaign at Charleston Southern University – his alma mater – in his hometown of North Charleston, South Carolina.

Scott’s aides noted after the campaign launch that the senator, who’s known as one of the top fundraisers on Capitol Hill, hauled in $2 million in the first 24 hours after declaring his candidacy for the White House.

The campaign said on Wednesday that the vast majority of the funds raised are solely for use in the GOP presidential primary campaign.

‘There is one candidate who has shown steady, upward momentum from the moment he entered this race and who has the resources and strategy to execute in the months ahead. He is the strongest messenger in the field with the most consistent conservative record to match,’ Scott campaign manager Jennifer DeCasper wrote in a memo detailing the fundraising figures. 

DeCasper spotlighted in her memo that ‘we can also proudly confirm Tim will be on the debate stage for months to come thanks to over 75,000 donations from over 53,000 unique donors across all 50 states.’

The Republican National Committee has set 40,000 individual contributions as one of its thresholds for candidates to make the stage at the first GOP presidential nomination debate. The showdown will be hosted by Fox News and held in Milwaukee on Aug. 23. The donor thresholds rise each month for the ensuing Republican presidential primary debates.

Scott, who’s been spotlighting an uplifting conservative message as he seeks the GOP nomination, is currently in the single digits in the latest Republican presidential primary polls. 

TIM PAC is supporting Scott with an ongoing $7.25 million ad blitz in Iowa and New Hampshire – the states that vote first and second in the GOP nominating calendar – that the super PAC launched in late May as the senator entered the race. 

‘We’ve seen tremendous enthusiasm for Tim since he launched his campaign and he’s well positioned to make the case against Joe Biden and the failed Democrat agenda,’ TIM PAC co-chair and former Sen. Cory Gardner said in a statement. ‘His conservative values and message focused on all that is good in America resonates well among Republican voters across the early primary states. TIM PAC will have all the resources necessary to make sure that support continues to grow.’

Former President Donald Trump, who’s making his third straight White House run, is the commanding front-runner in the GOP surveys.

Trump’s team said last week that the former president’s campaign and Save America, his political action committee, combined raised $35 million the past three months. Trump’s massive haul appears to be an indicator that the former president’s mounting legal troubles have helped fuel his 2024 White House campaign. 

During the second quarter of fundraising this year, Trump become the first sitting or former president in U.S. history to be charged with a crime, as he was indicted and arraigned in New York City by the Manhattan District Attorney’s Office in April and again in June in federal court in Miami.

As Fox News first reported on Thursday, Florida Gov. Ron DeSantis reported raising $20 million from his presidential campaign launch in late May through the end of June. And Never Back Down, the super PAC supporting the Florida governor’s presidential run, in a separate announcement told Fox News that they hauled in $130 million in fundraising since the committee launched in early March.

DeSantis is second in the latest polls, trailing Trump by double digits but ahead of Scott and the rest of large field of contenders, who are all in the single digits.

Nikki Haley’s Republican presidential campaign and two aligned political committees brought in $7.3 million during the April-June second quarter of 2023 fundraising, according to reports filed with the Federal Election Commission.

The figures from the former two-term South Carolina governor who later served as ambassador to the United Nations during the Trump administration were shared first with Fox News on Monday.

Candidates have until July 15 to file reports with the Federal Election Commission.

Fundraising, along with polling, is a key metric to gauge a candidate’s popularity and a campaign’s strength. The money raised can be used for travel, ads and to build voter outreach efforts. 

Paul Steinhauser is a politics reporter based in New Hampshire. 

This post appeared first on FOX NEWS
You Might Also Like
  • Ilhan Omar calls Israel lobby AIPAC a ‘right-wing’ PAC funded by ‘dark money’
  • Trump indictment increases pressure on Biden special counsel Robert Hur
  • Delegation of Australian lawmakers will visit US to push for Julian Assange’s release: ‘Powerful message’
  • Iran Attacks Israel: Oil Surges, Markets React, US Supports
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Vice President Kamala Harris attempts to explain AI in latest word salad gaffe: ‘Kind of a fancy thing’
next post
IRS whistleblowers alleging political interference in Hunter Biden probe to testify in House

You may also like

Delaware judge overseeing Hunter criminal tax case was previously praised...

June 27, 2023

First on Fox: Former Rep. Mark Walker launches Republican campaign...

May 20, 2023

House Democrat slams Oscars for snubbing ‘Barbie’ movie: ‘Problem with...

January 25, 2024

Israeli military kills Hamas terrorists, finds ‘significant’ weapons and assets...

February 11, 2024

Trump draws massive crowd of at least 50K in small...

July 3, 2023

Pompeo says ‘no one’s held Xi Jinping accountable’ for COVID,...

January 31, 2024

Vance claims social conservatives will always ‘have a seat’ in...

July 18, 2024

Biden tops Trump in new poll, but lead shrinks against...

February 1, 2024

Ukraine missile attack strikes Russian warship in Crimea, killing at...

December 27, 2023

Senate Dems sink amendment to halt Palestinian aid until Hamas’...

January 19, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,633 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,321 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    ‘Greatest threat’: Former top Kamala Harris...

    June 17, 2024

    House Democrat slams Bernie Sanders’ call...

    November 21, 2023

    Texas House votes to impeach Republican...

    May 28, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here