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GOP State Parties Outraise Dems
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Party
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| Contributor | Scott³ |
| Last Edited | Scott³ Mar 28, 2008 03:01pm |
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| Category | News |
| News Date | Friday, March 28, 2008 08:00:00 PM UTC0:0 |
| Description | RealClearPolitics.
"As national Democrats gloat about a massive fundraising advantage the party's House & Senate campaign committees hold over their GOP counterparts, the story on a statewide level is decidedly different, and local GOP parties could provide a key cash advantage in several states, reports filed with the FEC show. In the forty three states where parties report their financial situations on a monthly basis, Republicans hold a cash advantage in 25, many of them battlegrounds that will feature prominently in both the presidential contest and in down-ballot races on which federal dollars can be spent.
While fundraising on behalf of the National Republican Congressional Committee & the National Republican Senatorial Committee has lagged far behind that of Democrats', some GOP donors frustrated with their party in Washington have found other outlets for their contributions. All told, GOP state parties raised nearly $13.4 million in federal dollars, known as "hard money," this cycle through February, while Democratic parties have hauled in $9 million in the same period, according to data compiled by one GOP operative and verified by Real Clear Politics.
Republican parties hold a bigger advantage in cash on hand, with $11.7 million in the bank compared with $6.65 million for Democrats. That's an average cash position of about $250,000 for the 47 parties that have reported contribution totals, better than Democrats' $141,000 average, money that can be used to influence voters choosing candidates for Congress or the White House.
Hard federal dollars are not the same as soft money that can only be spent on local races & are subject to different reporting laws & contribution limits. In most cases, party committees hold much more in those soft-dollar reserves than in federal accounts. In Florida, for example, the state Republican party has $964,000 available for federal races and $2.8 million in its state account as of the last reporting date, Jan. 20. |
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