Trump campaign raises $3.1M on first day of impeachment hearings

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President Trump’s reelection campaign announced that on Wednesday it raised over $3.1 million in donations – the same day as the first public hearing of the House’s impeachment inquiry into Trump.

“$3,144,257 RAISED YESTERDAY!” Brad Parscale, Trump’s 2020 campaign manager, tweeted Thursday. “’[Trump] loves these huge numbers. He knows that it isn’t enough to end this IMPEACHMENT SCAM.”

Even before the public hearings began, Trump fundraisers reported seeing a surge in donations in response to impeachment talk. Parscale tweeted in September that donors gave $5 million in the 24 hours after Speaker of the House Nancy Pelosi announced the impeachment inquiry.

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Other pro-Trump groups also saw a spike in donations. Linda McMahon, chair of the America First Action PAC board of directors, previously told FOX Business’ Neil Cavuto that the group had raised about $1 million each day in the week after Pelosi announced the impeachment inquiry.

"That speaks, I think, volumes to how people are rallying around the president," she said.

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Trump already has a hefty war chest, with his campaign and the Republican National Committee announcing in October that they had raised $125 million in fundraising in the third quarter of this year.

The Trump 2020 campaign's fundraising arm said at the time it raised more than $308 million in 2019 and has more than $156 million in the bank.

Former President Barack Obama and the Democratic National Committee raised just over $70 million in the third quarter of 2011.

Republican insiders say that the impeachment effort against Trump could be a fundraising boon for the GOP.

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WinRed, the new GOP online fundraising platform designed to compete for small-dollar campaign donations, reported raising a little more than $30 million in the third fundraising quarter, which began in July and ended at the close of September.

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WinRed President Gerrit Lansing said the Democrats’ moves to ramp up impeachment efforts against Trump “helped a lot,” saying fundraising numbers “spiked” after Pelosi’s announcement as well.

Fox News’ Alex Pappas and Fox Business contributed to this report.