US Elections 2016: Ted Cruz’s $51 Million War Chest
Senator Ted Cruz is ready to spend as much as $51 million for his presidential campaign. His campaign has raised more than $14.2 million from over 175,000 contributions, Cruz’s supporter announced on July 5.
The Cruz campaign was able to raise roughly $10 million in the second quarter alone on top of a record-breaking $4.3 million haul in the week that leads up to second quarter.
Strongest war chest
Supporters of Cruz announced on July 5 that they have already raised more than $51 million for his campaign, “giving Cruz one of the strongest war chests among those running for president.” Cruz’s campaign is supported by more than 120,000 donors from all 50 states, contributing $81 on average.
With the $51 million in campaign funds, Cruz will have the resources to triumph early state contests for the presidential elections in 2016. The overwhelming support proved that Cruz’s campaign is resonating within the people, the group said.
“The grassroots energy and support we are seeing is overwhelming,” Cruz said in the announcement.
“In Iowa, New Hampshire, and South Carolina – and all across the country – we are seeing courageous conservatives coming together for real change. We’re reassembling the Reagan coalition – from conservatives to libertarians to people of Faith – and with the help of so many supporters, we will be able to deliver our optimistic message all across the country,” Cruz said.
“We are honored the American people have made such a strong endorsement of our campaign and the powerful movement it represents with their hard earned money. We commit to be good stewards of the resources they have entrusted us with to ensure every American is given the chance to join us in reigniting the Promise of America,” Cruz said.
Second only to Bernie Sanders
Bernie Sanders campaign as able to raise 15 million in the second quarter. According to the group’s announcement on July 2, Sanders has 250,000 supporters donating $250 on the average with the sales of T-shirts, bumper stickers and other Sanders merchandise included.
During his Wisconsin speech, Sanders acknowledged that his presidential rivals are going to spend more money than him.
“I am more than aware that my opponents will be able to outspend us. But we are going to win this election. They may have the money but we have the people. And when the people stand together, we can win,” Sanders said during his speech in Veterans Memorial Coliseum.
Meanwhile, Hillary Clinton campaign announced last week they raised $45 million in the second quarter. Ben Carson, on the other hand, said he raise $8.3 million in the second quarter.
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