Republicans have a chance to make money by fighting for the rule of the US Congress
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Republican lawmakers are nearing the end of the year with more money than their Democratic counterparts, highlighting the battle that Joe Biden’s party is facing in the run-up to next year’s general election.
Federal Election Commission reports this weekend show that the National Republican Senate Committee, which oversees the election of Republicans to the upper chamber of Congress, had about $ 30m at the end of October – almost double the $ 15.9m the Democratic Senatorial Campaign Committee had with it. in the bank.
The National Republican Congress Committee, which focuses on electing Republicans to the House of Representatives, had the same amount of money – $ 68m – as it had at the end of last month, compared to its Democratic counterpart, the Democratic Campaign Committee.
The presidential party consists of the House and the Senate with a very small majority. Democrats have been complaining in recent months about what they expect from the ballot box as Biden’s turnout continues to decline, as well as in the run-up to the by-elections earlier this month. Republican Glenn Youngkin won the ambassador’s race in Virginia, the Biden government took last year with more than 10 points.
Cook Political neutrality report this week changed its votes in three major Senate contests – in Arizona, Georgia and Nevada – from “Democrat leaning” to “demolition”, confirming the difficulties faced by Democrat lawmakers in their bid to resume. election next autumn.
The FEC revelation also shows the Republicans’ ability to recoup their financial resources after the start of the year that was marred by the January 6 attacks on the US Capitol. Gangs who supported former President Donald Trump entered the Capitol and disrupted Biden’s Electoral College ticket during a riot that killed at least five people.
In response, many large American corporations have abandoned or suspended donations from their political committees to Republicans who refuse to confirm the election results, sparking concerns among the GOP party over how the party will compete with raised funds.
But recent reports show how, after all keeping employee contributions In recent months, American companies have begun to offer to GOP committees and their potential members, boosting Republican funding as next year. The NRSC is run by Rick Scott, a Florida Republican senator, who was one of eight GOP senators who refused a ticket.
A Financial Times review of 64 political committees and business advocacy groups that reported a review of their funding plans after January 6 showing 10 major businesses paid $ 212,500 to Republican committees in the three months to the end of October. . Eight PACs donated $ 157,500 to Democratic Congress committees in three months.
Thirty-eight corporate financial instruments donated $ 386,500 to GOP leaders on Capitol Hill, either directly or through joint committees, at the same time.
The FT analysis found that at least 22 companies had invested heavily in all four party committees – NRSC, NRCC, DSCC and DCCC – since the beginning of the calendar. These companies include: Google Parental Records, Altria, American Airlines, AT&T, Boeing, Comcast, CVS Health, Delta, Eli Lilly, FedEx, Ford, Genentech, Lockheed Martin, Pfizer, PG&E, PwC, Raytheon, T-Mobile, United Airlines, UnitedHealth Group, Walmart, and Wells Fargo.
The state election law limits the amount of money that the PAC can give to national party committees annually by $ 15,000. PACs may not give more than $ 5,000 to special candidates in any election.
The four corporate PAC corporations – FedEx packaging company, pharmaceutical company Eli Lilly, cable company Comcast and biotechnology group Genentech – made numerous legal submissions to Democratic committees earlier this year, before doing the same for Republican committees at the end of the year. , the FT analysis showed.
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