Republicans Are Struggling to Raise Money to Compete With Democrats
With about a month and a half before November’s elections, a sizable fundraising gap is opening up between the two parties, as they vie to claim congressional majorities. The Democratic Party is relatively flush, raking in money for their congressional candidates. Their totals ended up dwarfing the Republicans’ effort last month.In August, the Democratic Congressional Campaign Committee raised $22.3 million, eclipsing the National Republican Congressional Committee’s total of $9.7 million. The NRCC has a total of $70.75 million of cash on hand, more than $16 million less than the DCCC. It’s more bad news for the GOP, which also had poor fundraising to report for July, when it spent more money than it took in. The party has been reeling ever since Kamala Harris entered the presidential race in July and set fundraising records. Earlier this month, leading Republicans in Congress panicked about a huge money gap between them and the Democrats, and were begging donors to send more cash their way. Their pleas don’t appear to have helped much, if at all. The party lost its key fundraiser when former House Speaker Kevin McCarthy was ousted last year, leaving his replacement, Mike Johnson, with big shoes to fill. The party’s shortfall is particularly perilous to the sixteen House Republicans who represent districts that Joe Biden won in 2020. All of their races are considered to be close contests, and any gap in funding gives Democrats an extra advantage. The Republicans in these vulnerable swing district can’t expect much, if any help from Republican presidential nominee Donald Trump, either. His campaign and associated political groups have been funneling profits to his businesses to the tune of $28 million since he first ran for office in 2015. Now that his daughter-in-law Lara Trump is a co-chair of the Republican National Committee, Trump also wields considerable influence, if not outright control, over the party’s funds. Considering how high his personal debts and legal expenses are, it’s not hard to imagine the former president and convicted felon diverting the party’s cashflow to his own needful coffers. It seems that the GOP will have to rely on whatever its billionaire friends can pony up.
With about a month and a half before November’s elections, a sizable fundraising gap is opening up between the two parties, as they vie to claim congressional majorities. The Democratic Party is relatively flush, raking in money for their congressional candidates. Their totals ended up dwarfing the Republicans’ effort last month.
In August, the Democratic Congressional Campaign Committee raised $22.3 million, eclipsing the National Republican Congressional Committee’s total of $9.7 million. The NRCC has a total of $70.75 million of cash on hand, more than $16 million less than the DCCC.
It’s more bad news for the GOP, which also had poor fundraising to report for July, when it spent more money than it took in. The party has been reeling ever since Kamala Harris entered the presidential race in July and set fundraising records. Earlier this month, leading Republicans in Congress panicked about a huge money gap between them and the Democrats, and were begging donors to send more cash their way.
Their pleas don’t appear to have helped much, if at all. The party lost its key fundraiser when former House Speaker Kevin McCarthy was ousted last year, leaving his replacement, Mike Johnson, with big shoes to fill. The party’s shortfall is particularly perilous to the sixteen House Republicans who represent districts that Joe Biden won in 2020. All of their races are considered to be close contests, and any gap in funding gives Democrats an extra advantage.
The Republicans in these vulnerable swing district can’t expect much, if any help from Republican presidential nominee Donald Trump, either. His campaign and associated political groups have been funneling profits to his businesses to the tune of $28 million since he first ran for office in 2015.
Now that his daughter-in-law Lara Trump is a co-chair of the Republican National Committee, Trump also wields considerable influence, if not outright control, over the party’s funds. Considering how high his personal debts and legal expenses are, it’s not hard to imagine the former president and convicted felon diverting the party’s cashflow to his own needful coffers. It seems that the GOP will have to rely on whatever its billionaire friends can pony up.
