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House Fundraising Up, Especially for Democrats
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| Contributor | ArmyDem |
| Last Edited | ArmyDem Jul 28, 2005 02:10pm |
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| Category | News |
| News Date | Thursday, July 28, 2005 08:00:00 PM UTC0:0 |
| Description | **SUBSCRIPTION REQUIRED (omg roflaolaoalfmoalo)**
By Suzanne Nelson
Roll Call Staff
July 28, 2005
House Members are off to a “roaring start” in their efforts to amass campaign cash for next year’s midterm elections, with Democrats doing particularly well, according to a report the Campaign Finance Institute released Wednesday.
The center analyzed data filed by Congressional candidates with the Federal Election Commission and found that the rate of growth in House incumbents’ has nearly tripled in two years. That increase amounted to House incumbents raising 29 percent more during the first six months of this election cycle than they did during the same period in 2003.
The CFI report acknowledged that incumbents generally raise more money than they did in the preceding campaign, even accounting for inflation. Nonetheless, the growth rate in the first half of 2005 greatly exceeds the two preceding cycles. The 29 percent average growth rate between 2003 and 2005 compares with an average growth rate of 11 percent from 2001 to 2003, and 8 percent from 1999 to 2001.
Beyond the overall increases, CFI found that at least twice as many candidates topped both the $500,000 and $1 million thresholds in the first six months of the year than during the same time frame in 2003. In the first half of 2005, 52 House candidates raised more than a half-million dollars, with six of them raising more than $1 million. Those figures compare to 23 and three, respectively, in 2003. Nearly all the candidates who passed those markers this year are incumbents. |
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