- March 9, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Conservative Billionaires Liz and Dick Uihlein to Fund Trump’s Campaign
**WASHINGTON, March 9 (Reuters) – Conservative billionaires Liz and Dick Uihlein have announced that they will be providing financial support to Donald Trump’s campaign. This decision comes as Trump aims to close the fundraising gap with President Joe Biden, according to the Financial Times report on Saturday.**
The Uihleins, who are the founders of the Uline shipping and packaging company, started their business from their basement in 1980. Prior to supporting Trump, they had donated to the Republican primary campaign of Florida Governor Ron DeSantis, who later dropped out of the race in January.
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Moreover, the Uihleins’ decision to support Trump comes after the former president’s success in winning 14 out of 15 states in the Super Tuesday primaries. With his last Republican rival, Nikki Haley, exiting the race, Trump is in need of additional funding to compete with Biden.
**Trump’s Fundraising Challenges and Biden’s Lead**
Trump has faced challenges in fundraising compared to Biden ahead of the upcoming general election on Nov. 5. His campaign reported a decrease in cash holdings to just over $30 million at the end of January, down from approximately $33 million the previous month.
In contrast, Biden’s campaign has seen an increase in cash reserves, with approximately $56 million at the end of January, up from $46 million in December. The disparity in fundraising between the two candidates highlights the importance of financial support in political campaigns.
**Support from the Uihleins and Previous Political Contributions**
The Uihleins had previously contributed $1.5 million each to DeSantis’ campaign. Liz Uihlein stated that she plans to donate a similar amount to Trump’s campaign, indicating their continued support for conservative candidates.
According to the Financial Times, the Wisconsin-based couple has contributed more than $250 million to federal candidates and political groups since the 2016 election cycle. Despite their support for Trump in previous elections, they are now exploring alternative candidates for the 2024 race.
**Questioning the Impact of Donations in Well-Known Contests**
In an interview with the newspaper, Liz Uihlein expressed skepticism about the effectiveness of campaign donations in well-known and high-profile contests like Trump vs. Biden. She questioned the necessity of significant fundraising efforts when both candidates are already familiar to voters.
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Overall, the Uihleins’ decision to support Trump’s campaign underscores the significance of financial backing in political campaigns. As the election approaches, the fundraising efforts of candidates like Trump and Biden will continue to shape the outcome of the upcoming election.
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