For Immediate Release Contact: Bob Biersack
May 22, 2007 George Smaragdis
Parties Raise over $120 Million Thus Far in 2007 -
Federal Election Commission Releases Four Month Fundraising Totals for National Parties
WASHINGTON – During the first four months of 2007, national Republican party committees raised $61.2 million and spent $46.5 million, while their Democratic counterparts raised $59.4 million and spent $36.5 million. This is a 25% decline in receipts for Republicans when compared to the same period in 2005 and a 26% increase for Democrats. When compared to the same period in 2003, the last presidential cycle, Republicans registered a 21% decrease in federal receipts, while the Democrats showed a 126% increase.
The largest growth in fundraising came from the Democratic Congressional Campaign Committee whose receipts increased 45% from the same period in 2005. Fundraising for the Democratic Senatorial Campaign Committee grew by 38%, while receipts of the Democratic National Committee declined by 6% compared with the first four months of 2005. Each of the individual Republican committees (the Republican National Committee, the National Republican Senatorial Committee, and the National Republican Congressional Committee) experienced fundraising declines, ranging from 23% for the Congressional Committee, to 26% for the National Committee and 33% for the Senatorial Committee.
Contributions from individuals constituted the bulk of the receipts for both parties. Democrats reported $46.7 million from individuals and $7.1 million from PACs. Republicans reported $50.3 million from individuals and $8.8 million from PACs. At the end of April, Democrats had $27.5 million cash on hand and debts of $13.7 million while Republicans had cash on hand of $19.3 million and debts of $7.3 million.
Charts attached to this release provide summary data for the financial activities of the national committees of the two major parties for the first four months of 2007 and comparisons for the same period in the previous two election cycles. Also included are charts depicting individual contributions to national party committees on a monthly basis. Provisions of the Bipartisan Campaign Reform Act of 2002 require monthly reporting from national party committees, making monthly comparisons possible.
National Democratic Party Committee Financial Activity Through April, 2007 [excel] [pdf]
National Republican Party Committee Financial Activity Through April, 2007 [excel] [pdf]
Contributions from Individuals to National Committees by Month
Contributions from Individuals to Party Senatorial Committees by Month
Contributions from Individuals to Party Congressional Committees by Month
The Federal Election Commission (FEC) is an independent regulatory agency that administers and enforces federal campaign finance laws. The FEC has jurisdiction over the financing of campaigns for the U.S. House, the U.S. Senate, the Presidency and the Vice Presidency. Established in 1975, the FEC is composed of six Commissioners who are nominated by the President and confirmed by the U.S. Senate.
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