President Biden is struggling to get support from small donors who made up the bulk of his 2020 fundraising, with most of his cash coming from the wealthy.
Democratic strategist Tim Hogan and former Trump assistant Bill McGinley discuss the 2024 outlook for the Biden-Harris campaign.
Small-dollar donations, defined as anything under $200, accounted for $10.2 million in Biden's fundraising for the three-month period that ended June 30, according to the New York Times. That is less than half the $21 million President Barack Obama received over the same period during his 2012 re-election campaign.
President Biden's 2024 re-election campaign is relying on large donations from deep-pocketed Democratic donors as support from middle-class voters has yet to materialize. "Right now there is no day-to-day competition combat going on," Biden campaign co-chairman Jeffrey Katzenberg told the Times."So these are the most loyal, most dedicated believers and supporters. It’ll build over time."For now, however, Biden remains far more dependent on wealthy donors than the major Republican presidential candidates, with 10 donors sending over more than $500,000 each, while 82 others contributed at least $100,000 each, according to the outlet.
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