|For Immediate Release
October 28, 2004
CONGRESSIONAL CAMPAIGNS SPEND $711 MILLION
THROUGH PRE-ELECTION PERIOD
WASHINGTON -- Congressional candidates participating in the November 2, 2004 general election have raised $872.5 million and spent $711.6 million, according to a compilation by the Federal Election Commission (FEC) from financial reports through October 13, 2004. This represents an increase of 20% in receipts and 15% is spending over the comparable period in 2002.
Senate candidates participating in the 2004 general election raised $327.7 million and spent $278 million during the period from January 1, 2003 through October 13, 2004. Receipts were 27% higher than 2002, while Senate spending is up by 22%. Comparisons across election cycles are particularly difficult for Senate races because the states involved vary and also a few campaigns can significantly affect totals. For example, in 2004 there are Senate campaigns in several large states that typically are more expensive. California , New York , and Pennsylvania have incumbents seeking reelection, and there are open seat races in Florida and Illinois .
House general election candidate fundraising increased 16% over 2002 levels to a total of $544.8 million. Spending by these candidates totaled $433.6 million, up 11%. This growth is found mainly among Republican candidates whose fundraising increased by 28% since 2002 with spending up by 21%. Fundraising by Democratic House candidates, by contrast, increased by 4% while their spending rose only 1%. Both the number of open seat candidates and their financial activity declined for both parties in 2004 with the smallest number of open seat campaigns since 1990. Tables that follow, however, show that median receipts grew in 2004 for all types of House campaigns, though open seat medians are virtually unchanged for both parties.
Contributions from individuals totaled $553.2 million and continue to be the largest source of receipts for Congressional candidates, representing 63.4% of all fundraising as of October 13. PAC contributions totaled $250.9 million or 28.8%, while candidates themselves contributed or loaned a total of $31.7 million, which was 3.6% of all receipts. Contributions from individuals grew by 34% when compared with the same time period in the 2002 campaign, while PAC contributions increased by 12% and contributions and loans from candidates themselves were 43% lower than 2002 totals.
Tables attached to this release offer summary data for Senate and House candidates by political party, as well as by candidate status (incumbent, challenger, or open seat). Also included are rankings of Senate and House candidates for the following categories: receipts, individual contributions, PAC and other committee contributions, contributions and loans from the candidate, disbursements, cash-on-hand, and debts owed. Six-year financial summaries of Senate candidates for 2004, as well as current cycle financial summaries for each House campaign are also attached.
This release and the data contained in it are also available on the FEC's web site at http://www.fec.gov under the Press Office.
Figures in the first two tables and the detailed listings of candidates cover from January 1, 2003, or whenever the campaign registered during the year, through October 13, 2004.
Net receipt and net disbursement figures are total receipts and total disbursements, as reported by the campaigns, minus any money transferred between committees of the same campaign.
Columns entitled “Contrib from Other Cmte's” are monies contributed to campaigns by PACs and other committees as reported by the campaigns. Other committees consist primarily of committees of other candidates.
On the Senate listings, the column titled “Candidate Support” includes contributions by the candidate as well as loans made or guaranteed by the candidate. The column titled “Trans from Other Auth.” Includes moneys transferred from House committees of candidates for the Senate, as well as proceeds from joint fundraising activity among several candidates or committees. Contributions from individuals and PACs made through these joint fundraising efforts are NOT included in the “Individual Contributions” or “Other Cmte Contributions” columns.
Open-seat races are those in which the incumbent did not seek reelection.
Some House members who are or were running for the Senate in 2004 changed their former House campaign committees into their Senate campaign committees. Financial activity related solely to their Senate campaigns cannot be isolated. (See Denise Majette [GA], John Thune [SD] )
Several candidates report significant debts, at least some of which were incurred in previous election cycles. These include;
Darrell Issa (CA)
Erskine Bowles (NC)
Robert Bennett (UT)
James Cooper (TN)
Christopher Chocola (IN)
Rahm Emanuel (IL)
Richard Renzi (AZ)
Robert Beauprez (CO)
Terry Everett (AL)
9. Party abbreviations in the listing of House campaigns are:
DEM - Democrat LIB - Libertarian
DFL - Democrat/Farmer/Labor (MN) PAF - Peace and Freedom
REP - Republican IND - Independent
RTL - Right to Life LBL - Liberal