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Tuesday, 10th June 2008

FEC Summarizes Party Financial Activity

FEC Summarizes Party Financial Activity
Source: Federal Election Commission

The Federal Election Commission (FEC) announced today that receipts of the national committees of the Democratic party increased significantly during the period January 1, 2007 through April 30, 2008, while receipts of Republican national committees declined over the same period, when compared with earlier election cycles. Republican committees were still able to raise more overall than their Democratic counterparts, though the gap is smaller now than in previous years. National committees of the major parties are required to submit financial reports on a monthly basis.

The three national committees of the Democratic party—the Democratic National Committee (DNC), the Democratic Senatorial Campaign Committee (DSCC) and the Democratic Congressional Campaign Committee (DCCC) —reported raising a total of $247 million during this period, an increase of 24% over a similar period in 2006, and 45% more than during the first 16 months of the 2004 election cycle. The three Republican national party committees: the Republican National Committee (RNC), the National Republican Senatorial Committee (NRSC) and the National Republican Congressional Committee (NRCC) reported raising $260.4 million during the same period. This represents decreases of 11% from 2006 and 19% from 2004 totals.

The DSCC and DCCC reported substantial gains, while total receipts declined slightly for the DNC (see Table 1 below). The highest growth came from the DCCC, whose $92.9 million in receipts through April 30, 2008, represented a 53% increase over 2006 levels. This total was $23.6 million more than the NRCC raised during the same period.

Tables in xls or PDF.



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