(FixThisNation.com) – The Democratic Party has kicked off the election year with a significant financial lead over the Republicans, who are grappling with limited funds and internal challenges in key battleground states. Recent filings with the Federal Election Commission (FEC) reveal that the Democratic National Committee (DNC) not only has nearly triple the cash reserves of the Republican National Committee (RNC) but also outperformed in fundraising during December 2023.
The RNC’s fundraising efforts in 2023 have been its weakest since 2013, gathering just $87.2 million and starting 2024 with a little over $8 million on hand. This marks a significant downturn, with the last comparable low point being in 1993, considering inflation adjustments and before the enactment of the 2002 McCain Feingold Act that set limits on political fundraising.
In contrast, the DNC raised $120 million in 2023, boasting a record $21 million in cash reserves, underscoring a $13 million difference between the two committees. The DNC’s December fundraising alone amounted to $14.7 million, significantly outpacing the RNC’s $5.3 million.
Despite the RNC receiving more direct contributions over the year, the DNC benefits from a joint fundraising agreement with President Biden’s re-election campaign and other related committees, enabling it to surpass the RNC’s fundraising efforts for a substantial part of the year.
The Republican Party faces additional challenges with disarray within state organizations in crucial swing states, impacting its prospects in the House, Senate, and the presidential race. Incidents of internal conflict and legal troubles have been reported in Arizona, Michigan, Nevada, and North Carolina, further complicating the party’s position.
The situation is exacerbated by the intense competition among Republican presidential hopefuls, with substantial funds being directed towards securing the nomination rather than preparing for the general election. This has led to criticisms of the RNC’s financial management and strategic focus.
Despite these challenges, an RNC spokesperson defended the committee’s fundraising achievements and strategic investments in battleground states, emphasizing early efforts in voter engagement and ballot initiatives. The spokesperson also critiqued the Democratic agenda and predicted a challenging election for the Democrats due to perceived unpopularity and lack of ground support.
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