For Immediate Release Contact: Bob Biersack
August 14, 2007 George Smaragdis
FEC Summarizes January - June 2007 Political Party Fundraising Figures
WASHINGTON – During the first six months of 2007, Democratic party committees that file disclosure reports with the Federal Election Commission (FEC or the Commission) raised $111.5 million and spent $67.7 million. Democrats increased their fundraising by 29% over 2005 totals between January 1 and June 30. When compared to the same period in 2003, the last presidential cycle, the Democrats showed a 98% increase in federal receipts. Republican party committees raised $108.8 million and spent $87.1 million. This represents a 24% decline in receipts when compared to the same period in 2005 and a 22% decline when compared the same period in 2003.
The largest percentage growth in fundraising came from the Democratic Congressional Campaign Committee, whose receipts increased 51% compared to the same period in 2005. Fundraising for the Democratic Senatorial Campaign Committee grew by 37%, while receipts of the Democratic National Committee declined by 8% compared to the first six 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 a fundraising decline: 24% for the Senatorial Committee; 25% for the National Committee; and 26% for the Congressional Committee. State and local Democratic committees increased their fundraising by 44%, while their Republican counterparts’ fundraising receipts fell by 21% compared to the first six months of 2005.
Contributions from individuals constituted the bulk of the receipts for both parties. Democrats reported receiving $87.1 million from individuals and $19.6 million from political action committees (PACs), including House and Senate members’ campaign committees. Republicans reported receiving $92.3 million from individuals and $12.7 million from PACs and House and Senate members’ campaign committees.
At the end of June, Democratic party committees had $50.9 million cash on hand and debts of $11.7 million, and Republican party committees had $31.8 million in cash on hand and debts of $6.4 million.
The attached charts provide summary data for the financial activities of the federal committees of the two major parties for the first six months of 2007 and comparisons for the same period in the previous nine election cycles. Also included are tables depicting the breakdown of contributions to national parties by contribution amount.
National Democratic Party Committee Financial Activity Through June, 2007 [excel] [pdf]
National Republican Party Committee Financial Activity Through June, 2007 [excel] [pdf]
Contributions from Individuals to National Party Committees by Contribution Amount [excel] [pdf]
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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