Democrat Committees Hold Wide Fundraising Advantage Over Republican Counterparts

Austin Alonzo
By Austin Alonzo
April 21, 2024Politics
Democrat Committees Hold Wide Fundraising Advantage Over Republican Counterparts
Senate Majority Leader Sen. Chuck Schumer (D-N.Y.) and House Minority Leader Rep. Hakeem Jeffries (D-N.Y.) speak to the press after meeting with President Joe Biden and House Speaker at the White House in Washington on Feb. 27, 2024. (Madalina Vasiliu/The Epoch Times)

The Democratic National Committee and its congressional committees are keeping up their winning streak against the Republican Party.

Between April 15 and April 20, the Democratic Party and Republican Party’s main fundraising committees for federal elections published their March financial statements.

Even with new leadership at the RNC, the DNC and other Democratic committees are taking in considerably more money than the GOP.

According to its April 20 Federal Election Commission disclosure, the RNC collected about $20.6 million and spent about $10.3 million. At the end of March, the committee had about $21.6 million in cash on hand.

Meanwhile, the DNC brought in about $34.6 million and sent out about $15.9 million. It closed the month with about $45.2 million in the bank, according to its April 15 FEC filing.

March marked the first month with new RNC leadership. Chairman Michael Whatley and co-chair Lara Trump took leadership of the RNC on March 8. The pair are pledged to operate the party with a focus on reelecting former President Donald Trump.

The RNC and DNC are the primary committees of their respective parties.

In March, the Democratic Congressional Campaign Committee outraised the National Republican Congressional Committee. The National Republican Senatorial Committee, however, bested the Democratic Senatorial Campaign Committee.

The committees exist primarily to raise money and donate to the campaigns of candidates running for seats in the House or Senate.

For the two bodies focused on the House, the NRCC brought in about $16.2 million, while the DCCC took in about $21.4 million. The NRCC spent less, about $5.5 million against about $9.4 million.

The Democrats enjoy a significant advantage in cash on hand, however.

At the end of March, according to both committees’ April 20 FEC filings, the NRCC had $55.9 million in cash on hand, while the DCCC had about $71.2 million.

In a statement, DCCC Chair Suzan DelBene cheered the news.

“The public knows that House Republicans have nothing to show from their time in the majority except chaos and dysfunction,” Ms. DelBene said.

During the same month, the NRSC received about $18.3 million, while the DSCC got about $13.5 million. The NRSC spent more than the DSCC, about $6.6 million to $4.4 million, according to the committees‘ April 20 FEC filings.

Nevertheless, the Democrats retained a cash-on-hand advantage in the bodies focused on the Senate. The DSCC had about $41 million in the bank, while the NRSC held about $36.5 million.

Online, the Democratic Party benefits from a gigantic cash-on-hand advantage.

In the 118th Congress, Republicans are still the majority party in the House despite some departures.

In the Senate, Republicans hold 49 of the 100 seats and Democrats hold 48.

Nevertheless, Democrats are considered the majority party because the three independent lawmakers—Sens. Angus King (I-Maine), Bernie Sanders (I-Vt.), and Kyrsten Sinema (I-Ariz.)—caucus with the Democrats.

All 435 House seats will be up for election in November 2024. A third of the Senate seats will also be up for election.

ActBlue, which collects money from so-called small-dollar donors and sends it to Democratic Party candidates, brought in about $159.7 million during the first month of March.

The hybrid PAC, during the same month, used $164.2 million. It ended March with $56.8 million in cash on hand, according to its April 20 FEC filing.

WinRed, a GOP answer to ActBlue, brought in about $191.9 million during the first quarter of 2024. It used about $191.6 million during that period, according to its April 15 FEC filing. But, it ended the quarter with about $539,000.

During the same three-month period, Act Blue raked in about $364.9 million.

From The Epoch Times

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.