While the Republican National Committee is ending the year strapped for cash, the Democratic National Committee reported a record $20 million cash on hand heading into 2024, The Hill reported.
Based on filings with the Federal Election Commission, the DNC raked in $12.3 million in November, including transfers of funds from joint fundraising and affiliated committees in addition to direct fundraising to the DNC.
Meanwhile, the RNC brought in about $8 million in November with less than $9 million cash on hand at the end of November, according to FEC filings.
The DNC was quick to celebrate the Republican Party’s misfortune with national press secretary Sarafina Chitika saying in a statement that the RNC is to blame for having its “lowest contributions of any presidential cycle” in this century. Chitika said the RNC has set itself up “for another painful election year” starved for cash while the Democrats build “a record-setting war chest” to help election Democrats in 2024.
RNC spokeswoman Anna Kelly tried to put a positive spin on the party’s dismal war chest, telling The Hill that the Democrats are the ones who are “lighting money on fire” by running “tone-deaf ads” that have failed to boost Biden’s “abysmal approval ratings.”
Kelly insisted that when the DNC does finally “talk to voters,” it would be “too little, too late.”
Kelly said the RNC’s lack of cash was due to early investments in staffing for congressional campaigns in battleground states and the presidential election. She also maintained that the RNC has spent money on filing “70 election integrity lawsuits in 20 states” and opening “minority community centers across the country.”
However, November’s trend is not new.
Democrats have enjoyed an early fundraising advantage in recent months. In October, the DNC raised nearly twice what the RNC did, raising $13.1 million to the GOP’s $7.1 million. In September, the DNC brought in $13.3 million while the RNC raised less than half that, bringing in only $6.3 million.
