[Reuters] - 8 December 2016 - According to an influential campaign source, President Joe Biden's three-day star-studded fundraising tour in California kicked out on Friday and is expected to generate record-breaking funds for the Democratic nominee for U.S. president in 2024. Hunter, Biden's son, was the subject of fresh criminal allegations brought by the Department of Justice just the day before this trip.
Hunter's alleged inability to pay $1.4 million in taxes, but spending millions on an ostentatious lifestyle, is the basis for the claims. In the past, Democrats have depended heavily on California and the lucrative entertainment sector for assistance; however, protracted strikes by actors and screenwriters have hindered their capacity to generate funds.
According to Jeffrey Katzenberg, a film magnate and campaign co-chair who has emerged as a major figure in Biden's endeavor to run for reelection in November 2024, the labor dispute's resolution has freed up money.
"It will be the most successful day and a half for the campaign to date and likely one of the most successful day and a half's prior to a general election, where things sort of kick into a whole 'nother gear, that we've ever had out here for any candidate ever," Katzenberg told Reuters in a telephone interview.
Biden will take part in two fundraiser events in Los Angeles alongside actors Lenny Kravitz and Barbra Streisand, filmmakers Rob Reiner and Steven Spielberg, and other luminaries. Biden will host a flurry of at least nine fundraisers, including the California tour, before the end of the month.
It is anticipated that the fundraisers in California and an earlier one in Boston will raise at least $15 million, according to a person with knowledge of the events who spoke on the record. The source states that total revenue in the fourth quarter of 2023 is anticipated to be close to $67 million, which is the same amount that previous President Barack Obama raised at the same period in 2011.
The exact sum is still up in the air, according to Katzenberg, who is assisting with one of the fundraisers. According to a senior administration source, Biden will make a quick trip to Las Vegas on Friday to announce $8.2 billion in funding for ten new passenger rail projects. "it figure is considerable. "I am aware of it," stated DreamWorks Animation co-founder Katzenberg.
One of the $1 trillion infrastructure program's approved projects, according to a senior administration official, is the $3 billion building of the country's first high-speed rail route across California. According to the official, in addition to funding projects in Virginia, Washington, and North Carolina, Biden would also announce $3 billion to finance the construction of a second high-speed rail link between South Carolina and Las Vegas.
Over the past year, Biden has toured the nation pledging support for his three most well-known bills: the Inflation Reduction Act, the Chips and Science Act, and the Infrastructure Law. Though recent polls indicate that the plan hasn't precisely worked, all of this is an attempt to increase his popularity and persuade voters that he is the most qualified candidate to run the US economy.
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