FINANCE

Republicans are on the verge of raising funds in the fight for control of the US Congress


Republican lawmakers are set to end the year with more cash in hand than their Democratic opponents, emphasizing Joe Biden’s party fighting for control of Congress in next year’s midterm elections.

Files of the Federal Election Commission this weekend show that the National Republican Senate Committee, which works to elect Republicans to the upper house of Congress, had about $ 30 million in cash at the end of October – about .9 15.9 million for the Democratic Senate Campaign Committee. Banks.

The National Republican Congressional Committee, which focuses on electing Republicans to the House of Representatives, had about the same amount of cash – $ 68 million – at hand late last month as its Democratic opponent, the Democratic Congressional Campaign Committee.

The president’s party has a slim majority in the House and Senate. Democratic leaders have been worried about their chances at the ballot box in recent months as Biden’s approval ratings continue to decline and in the wake of the election response to state and local elections earlier this month. Republican Glenn Yankin won the governorship in Virginia, a state biden took more than 10 points last year.

The non-partisan Cook Political Report this week changed its ratings for the three major Senate races – in Arizona, Georgia and Nevada – from “lean Democrats” to “toss-ups,” challenging current Democratic lawmakers to challenge their bids. Election next autumn.

You are viewing a snapshot of an interactive graphic. This is probably due to being offline or because JavaScript is disabled in your browser.

The FEC revelations also highlight the Republicans’ ability to reverse the fate of their fundraiser after the start of the year, devastated by the January 6 attack on the US Capital. Crowds of supporters of former President Donald Trump stormed the Capitol and stormed Biden’s Electoral College in a riot, killing at least five people.

In response, dozens of America’s largest businesses said they would cancel or suspend grants to Republicans from their Political Action Committee who objected to the election results certificate, raising concerns within the GOP rankings about how the party would compete in fundraising.

But recent filings show that, after accumulating employee contributions in recent months, Corporate America has largely resumed paying GOP committees and candidates, strengthening the Republicans’ coffers as mid-term next year. The NRSC is chaired by Florida Republican Senator Rick Scott, one of eight GOP senators who objected to the certificate.

You are viewing a snapshot of an interactive graphic. This is probably due to being offline or because JavaScript is disabled in your browser.


A Financial Times analysis by 64 corporate political action committees and business lobby groups that issued a statement on January 6 reassessing their grant policies shows that 10 big businesses paid $ 212,500 to the Republican Congress Party Committee in the three months to the end of October. Eight corporate PACs paid $ 157,500 to the Democratic Congressional Committee over a three-month period.

Weapons of 38 corporate political fundraisers paid $ 386,500 to Capitol Hill GOP leaders directly or through affiliate committees over the same period.

The FT analysis found that since the beginning of the calendar year, at least 22 companies have given the most grants to the four national party committees – NRSC, NRCC, DSCC and DCCC. These companies include: Google Parent Alphabet, Altria, American Airlines, AT&T, Boeing, Comcast, CVS Health, Delta, Eli Lilly, FedEx, Ford, Genetech, Lockheed Martin, Pfizer, PG&E, Mobile, PGDE, Mobile Airlines, UnitedHealth Group, Walmart, and Wells Fargo.

Federal election law limits the PAC National Party Committee can pay $ 15,000 per year. PACs cannot pay more than $ 5,000 to certain candidates in each election.

Corporate PACs for four companies – parcel delivery company FedEx, pharmaceutical firm Eli Lilly, cable company Comcast and biotechnology group Genetech – made the highest legal contributions to the Democratic Party committee earlier this year, before doing the same for the Republican Committee later in the year.



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button