Ted Cruz raised nearly $20 million in the fourth quarter of 2015, the Texas senator’s highest total to date as a presidential candidate, according to his campaign, a reflection of the momentum he is enjoying in Iowa and in some national polls.
His total for the year is more than $45 million, campaign manager Jeff Roe said in a memo to staff.
Last quarter, Cruz trailed behind several of the other GOP candidates in fundraising, pulling in $12.2 million, but reported more cash on hand than anyone in the Republican field. Since the start of the fourth quarter, Cruz has surged in the polls, particularly in Iowa, where he is currently the poll leader, and his fundraising numbers mirror that bounce.
“That’s a 66 percent increase over the quarter before,” Cruz spokesman Rick Tyler said on CNN on Wednesday night. “The reason that’s important is, there’s been very few campaigns that raise that money historically. We have evangelical support, we have tea party support, we’ve consolidating the broad spectrum of conservative base … and now we’ve proven we’ve got the fundraising to go the distance.”
The only GOP candidate who has raised more in a quarter than Cruz’s latest total was Ben Carson, who reported a haul of $20.8 million at the end of September. Official fundraising reports are not due out until Jan. 31, the day before the caucuses in Iowa.
In previous quarters, the Cruz campaign would occasionally issue fundraising updates following debates, but after several strong performances this quarter, they did not follow that routine amid hopes of making a show of force in the final report before the Iowa caucuses.
The memo from Roe claimed more than 300,000 donors from 66 percent of the zip codes in the country.
The news was first reported by the Wall Street Journal and confirmed to POLITICO.
Alex Isenstadt and Shane Goldmacher contributed.
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