GOP to Launch Joint Fundraising Effort
With the National Republican Congressional Committee badly trailing its Democratic counterpart on the financial front, the NRCC and the Republican National Committee are set to create a new joint fundraising committee to bring in cash for House races, according to GOP sources.
The two GOP committees will file paperwork with the Federal Election Commission in the coming days to establish the new operation, which does not yet have a name. The effort will be run by ex-Rep. Bill Paxon (R-N.Y.), who is now a lobbyist at Akin Gump Strauss Hauer & Feld and who chaired a similar joint effort in 2006. And though no events have officially been planned yet, sources suggested President Bush would play an active role in raising money for the joint committee. It is less clear whether Sen. John McCain (Ariz.) will also help raise money for the effort.
"This is a chance for Republicans to continue working together up and down the ticket to generate the resources we'll need in November," said a GOP strategist.
Though several different Republicans are involved in the effort, it comes as House Minority Leader John Boehner (R-Ohio) has been putting increased pressure on NRCC Chairman Tom Cole (Okla.) to boost fundraising. As of April 30, the NRCC had $6.7 million in the bank, while the Democratic Congressional Campaign Committee had $45.2 million.
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