RNC Has Huge Fundraising Edge; Senate Dems Set Off-Year $ Record
With official financial reports due at the Federal Election Commission by Jan. 31, the national party committees are beginning to release their fundraising figures for 2005.
The Republican National Committee raised $102 million last year and had $34 million in the bank at the end of the year. The Democratic National Committee brought in $51 million and ended the year with $5.5 million. The $28.5 million spread between the RNC and DNC is the largest cash-on-hand differential between the two national party committees in more than 15 years. But, as DNC flack Josh Earnest is quick to point out, his committee's' off-year fundraising is a 20 percent increase over where it was in 2003 -- the previous record for off-year money gathering.
DNC Chairman Howard Dean continues to insist that his committee's investment in state parties -- the DNC now has a full-time staffer placed with all 50 state parties -- will pay dividends for 2006 and beyond. Some within the Democratic establishment worry that with such a financial gap between the committees, the DNC may not be able to play as active a role in 2006 campaign as the RNC will.
On the Senate side, the Democrats' campaign arm continued to maintain a comfortable financial margin over its Republican counterpart. For the year, the Democratic Senatorial Campaign Committee raised $44 million -- a record for off-year fundraising by the committee. The previous record was in 2001 when the committee brought in $37 million in a combination of hard and soft dollars. The DSCC ended 2005 with $25 million in the bank.
The National Republican Senatorial Committee raised $35.5 million in 2005 and ended the year with a $10.5 million warchest. In a briefing earlier this week, NRSC Chairwoman Elizabeth Dole (N.C.) said the committee had invested heavily in donor prospecting in 2005, a strategic move that "pays off in the second year of the cycle."
Neither House committee has released their fundraising figures yet. Stay tuned for updates.
January 25, 2006; 2:33 PM ET
Categories: Democratic Party , Republican Party
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