In April, the Democratic Party raised $2 million more than the Republican Party, but this trend is reversing, as the GOP closes the gap.
On May 20th, political committees associated with both major American parties submitted their monthly disclosure statements to the Federal Election Commission (FEC.
These filings show that the Democratic committees still maintain a substantial cumulative cash-on-hand advantage over their Republican counterparts.
However, the three main Democratic committees raised only about $2 million more in April compared to the Republican committees, marking a significant departure from previous trends.
According to their FEC filings, the Democratic National Committee (DNC) brought in approximately $35.5 million during April, while the Republican National Committee (RNC) raised around $32 million.
In comparison, the DNC had outraised the RNC by $14 million in the prior month.
This change occurred as the RNC was under new leadership, with Chairman Michael Whatley and co-Chair Lara Trump taking over.
The revamped RNC pledged to work closely with the Trump campaign.
In terms of cash on hand, the DNC continues to hold a wide lead over the RNC.
The DNC spent about $18.7 million during April, finishing the month with approximately $62 million in cash on hand.
Meanwhile, the RNC spent around $14.6 million and closed out April with roughly $39 million in cash on hand.
The DNC also reported a debt of about $275,000.
The fundraising gains indicate that a new fundraising arrangement between the RNC and the Trump campaign is yielding positive results.
In March, Trump campaign officials explained how a newly formed joint fundraising committee, the Trump 47 Committee Inc., would send money to the RNC, various national Republican causes, and committees working with the Trump campaign.
FEC records reveal that a significant portion of the funds that ended up in the RNC’s accounts came from the Trump 47.
The primary committees for both parties are the RNC and DNC.
In addition to their performance against each other, the GOP experienced a victory in the congressional fundraising race.
The National Republican Senatorial Committee (NRSC) raised approximately $13.1 million in March, while the Democratic Senatorial Campaign Committee (DSCC) collected about $9.3 million.
Although the DSCC held onto a noteworthy cash advantage, the NRSC scored significant gains.
The DSCC spent around $6 million in April and reported approximately $44.3 million in overall cash on hand at the end of April.
In comparison, the NRSC spent about $11.7 million during the month and ended April with about $38 million in cash on hand.
Meanwhile, the Democratic Congressional Campaign Committee (DCCC) outraised the National Republican Campaign Committee (NRCC.
In April, the DCCC raised approximately $12.4 million, while the NRCC brought in around $10 million, according to their FEC filings.
However, the DCCC’s cash on hand dwarfs that of the NRCC.
At the end of April, the DCCC reported about $76 million in cash on hand, while the NRCC held approximately $59.8 million.
In April, the NRCC spent around $6.1 million, and the DCCC spent about $7.6 million.
In competing statements, both the DCCC and NRCC celebrated their monthly hauls.
Both committees claimed that it was the best month of the 2023-2024 campaign cycle for their respective committees.
As House Republicans continue to put partisan politics over people at the behest of Donald Trump, voters are increasingly fed up with extremism and dysfunction,” DCCC Chair Suzan DelBene stated in a release.
On the other hand, NRCC Chairman Richard Hudson remarked, “Our strong fundraising numbers are proof that Republican candidates are energized to take back the majority.
All 435 House seats and a third of the Senate seats will be up for election in November 2024.
Despite some departures, Republicans still hold the majority party status in the House.
In the Senate, Republicans currently hold 49 of the 100 seats, while Democrats have 48.
However, Democrats are considered the majority party because three independent lawmakers—Sens.
Angus King (I-Maine), Bernie Sanders (I-Vt.), and Kyrsten Sinema (I-Ariz.)—caucus with the Democrats.