Obama Campaign Raises $75 Million In July, Mitt Romney Brings In $103 Million

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o The Obama campaign brought in a healthy $75 million in the month of July, but ...

The Obama campaign brought in a healthy $75 million in the month of July, but it wasn't enough to beat Mitt Romney's campaign which raised $103 million. July marks the third month in a row that the Republican candidate's fundraising efforts have topped $100 million.

Although Obama's amount trails Romney, it is an increase from the month of June, when he raised $71 million. In the month of July 761,000 people donated to the president's re-election campaign, while just over 200,000 were repeat donors. “Every bit helps,” read a post on the President's Twitter page, Monday (Aug. 6). “98% of our contributions in July were $250 or less, for an average donation of $53.49.”

The maximum amount someone can donate is $75,800, for both Obama and Romney's campaigns.

Although the Obama campaign lost in the numbers game, the exclusion of funds raised by the Republican National Comittee show that Romney raised less than his opponent in June. As a solo entity, Romney's campaign snagged $23 million in June, compared to the commander in chief's Obama for American campaign which raised $28.1 million. On the contrary, the RNC out raised the DNC (Democratic National Committee) during that month. The Federal Election Commission has yet to release figures for the month of July.

Romney, who trails behind Obama in delegates, continues to downplay controversy behind his decision not to release tax returns prior to the last two years. During a campaign stop in Nevada over the weekend, the 65-year-old said he paid “a lot of taxes,” but failed to go into detail.

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Photo: Reuters/KYTX

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