Donald Trump and his allies raised a record $429mn in donations last year, as tech billionaires and companies lobbying for policy changes helped build a war chest for the president ahead of the midterm elections.
A single political action committee controlled by Trump allies, Maga Inc, is sitting on $304mn — more than any Pac has ever held heading into a midterm election year, FT analysis found. The sum is tens of millions more than any group connected to the Democratic party has on hand.
The haul, highly unusual for a term-limited president who can no longer fund his own campaign, proves that Trump continues to dominate his party, even as polling shows some swing voters have soured on the president over his immigration crackdown and foreign interventions.