Matt Gaetz's fundraising craters as he finally shuns spotlight

Contributions to Gaetz’s campaign committee, Friends of Matt Gaetz, have cratered, with the congressman posting a $100,000 net loss on the quarter after donations fell off by well more than half.

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In the latest federal filing, covering July through September, the self-identified “Florida Man” reported receiving slightly shy of $500,000 in donor receipts—far less than the $1.8 and $1.3 million he raised in the prior two quarters respectively.

But the numbers are even worse than they first appear: In addition to contributions falling by more than half of the previous two quarters this year, the Gaetz campaign spent far more than it took in, with the Gaetz campaign showing roughly $613,000 in operating expenses.

While Gaetz also posted losses in the prior two quarters, his contributions were among the biggest House fundraisers.

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