The top outside group supporting President Joe Biden raised $208 million in 2023, an enormous sum as Democrats gear up for a difficult reelection year.
Future Forward’s total haul, shared first with POLITICO, combined with the nearly $100 million raised by the Biden campaign operation in the final quarter of the year, likely gives the president a significant fundraising advantage over his Republican rivals. The Future Forward total includes money raised by both its super PAC and nonprofit arm, Future Forward USA Action. Together, they serve as the Biden campaign’s preferred outside avenue for raising unlimited funds from high-dollar donors.
Democrats are already spending as they prepare for a likely rematch with former President Donald Trump. Throughout 2023, Future Forward aired pro-Biden ads touting the Inflation Reduction Act, particularly capping of the price of insulin and investment in manufacturing jobs. They also ran a Latino-focused ad program in Arizona, Nevada and Pennsylvania.