RNC raises $ 55 million in July as online proceeds from fundraising

The Republican National Committee (RNC) raised more than $ 55 million last month, according to figures first shared with The Hill, marking the party’s best money laundering record on record.

The $ 55.3 million haul brings the total commission money to $ 109.9 million, the most in party history. July also marked the RNC’s best monthly fundraising month, and a twofold increase in the party’s online fundraising from 2016.

The RNC and the Trump campaign, along with their affiliated groups, raised a combined $ 169.3 million in July, with the Democratic National Committee (DNC) and former Vice President Joe BidenJoe BidenHarris promises to fight for the ideal of the country by accepting VP nomination. Pelosi paints Trump and McConnell as twin voices to move forward. Democratic stars create unrest over attacks on Trump MOREhis campaign with nearly $ 30 million.

In the 2020 election cycle, the reelection operation of RNC and Trump reached a whopping $ 1.1 billion. They ended July with a combined warchest of more than $ 300 million.

The July proceeds are a encouraging sign for the GOP, arriving in a month when public polls showed Biden was pulling for Trump nationally, both nationally and in key battlefield states. Money alone does not win elections, but Republicans touted the fundraising house as a sign of momentum for the president’s re-bid.

“Grass roses support President TrumpDonald John TrumpThe Memo: Obama goes into battle, impoverishes Trump Harris’ duty to fight for the country’s ideals in accepting VP nomination. Pelosi paints Trump and McConnell as twin barriers to more progress continues to grow as he leads our nation through a pandemic, upholds law and order, fights for the security of our votes and the integrity of our elections, and accompanies the Great American comeback, ”RNC President Ronna McDanielRonna Romney McDanielDemocratic convention marks Republicans voting for Biden Trump throws insults at Harris, Ocasio-Cortez and other women Trump and allies wrestle with how to target Harris MORE said in a statement to The Hill.

“This record-breaking fundraiser fights our unusual data-driven groundbreaking operation — a sophisticated infrastructure with which Democrats simply cannot compete, and one that will give victories up and down the vote on Nov. 3.”

While the Trump campaign and the RNC outraised Biden and the DNC in July, the once impulse advantage of the Republicans is much limited.

The Biden campaign and the DNC are expected to report some $ 294 million in cash reserves when they submit their July lender reports, $ 50 million more than their combined balance at the end of June when the Trump campaign and the RNC a roughly $ 51 million cash in hand advantage over the Democrats.