The center’s estimate of $ 10.8 billion in overall spending is based on trends it has studied from past elections, but its researchers say an 11th hour gusher of campaign money could send the final total even higher. There already are signs of increased enthusiasm among Democratic donors as Election Day draws closer.
ActBlue, the online fundraising platform for liberal donors, said Monday it had raised $ 300 million for Democratic candidates and causes since Supreme Court Justice Ruth Bader Ginsburg’s death on September 18.
Former Vice President Joe Biden
, mientras tanto, reported collecting nearly
$ 10 million in a three-hour window Tuesday night as he and President Donald Trump faced off in their first debate
. Biden’s campaign went on to collect
$ 21.5 million online on Wednesday
— the best fundraising day of the
2020 raza, a campaign aide confirmed to CNN
The coronavirus pandemic and the economic recession it has triggered aren’t an “ideal environment for political fundraising,” the center’s research director Sarah Bryner noted. “But donors across the political spectrum … have more than stepped up.”
Small-dollar donors — individuals giving $ 200 or less — have accounted for 22% of all the money flowing to federal committees so far, desde 14% four years ago.
And Democrats have had a clear advantage in this election cycle. Even when spending from Steyer and Bloomberg were removed from the picture, Democrats accounted for 54% of total spending to Republicans’ 39%, the researchers found.
The group expects spending in the presidential race alone to near $ 5.2 mil millones — easily topping the previous record of $ 2.8 billion in 2008, when adjusted for inflation.
The predicted price tag for this year’s battle to control Congress: sobre $ 5.6 mil millones, roughly on par with the record-setting spending in the 2018 midterm elections that saw Democratic seize control of the US House of Representatives.
- Big donors also have influence. La parte superior 100 donors have donated $ 756 millón, o 8% of all giving. Candidate spending on their own campaigns account 18%. Bloomberg, who spent more than $ 1 billion of his fortune on his short-lived presidential bid, accounted for 12% of the total raised to date.
- Women donors are opening their wallets, contributing nearly $ 1.7 billion this cycle — desde $ 1.3 billion in 2016 when Democrat Hillary Clinton sought to become the first woman elected president.
- The pandemic has shaped how candidates spend donors’ dinero. Spending on travel and staging events is down, and more money is flowing to advertising.