Biden’s out-of-town support ‘Future Forward’ raises $208 million
Estimated to be higher than rival Trump super PAC ‘MAGA’
Politico reported on the 19th (local time) that super PACs (special political action committees) supporting U.S. President Joe Biden’s re-election campaign raised $208 million (approximately 277.68 billion won) in political funds last year. time) reported.
This is the combined amount raised by ‘Future Forward’, a super PAC supporting President Biden, and ‘Future Forward USA’, a non-profit organization.
Super PACs are outlying organizations that operate independently from election campaigns. Unlike camps, they can freely collect and use election-related political funds, and funds are mainly invested in TV advertisements for supported candidates.
MAGA (Make America Great Again), a major super PAC of former President Donald Trump and a likely competitor to President Biden, has not yet disclosed the amount raised last year. However, it is estimated that it falls short of President Biden’s super PAC.
Maga said it raised $15 million in the first half of last year and has $31 million in cash. Future Forward’s fundraising amount in the first half of last year was $50 million.
President Biden appears to have an advantage over former President Trump, at least in terms of managing funds for the election. In US elections, a huge amount of money is invested in advertising, so how much money is secured has a direct impact on the influence of a candidate.
Future Forward is already airing advertisements about President Biden’s major policies, including the Inflation Reduction Act (IRA), the insulin price cap, and investment in manufacturing jobs in the United States. It is also said that advertisements focused on Latino voters were aired in the swing states of Arizona, Nevada, and Pennsylvania.
Future Forward’s major donors include Facebook co-founder Dustin Moskowitz and former Twilio CEO Jeff Lawson.
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Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.