(BrightPress.org) – Federal Election Commission (FEC) filings show that the current coffers for the GOP are at their lowest point since 2015. The filing which was published on Wednesday, December 21st showed just under $10 million available in GOP bank accounts as of November 30th, less than half of what it had when Donald Trump won the first time.
Democrat filings from the same period showed they banked just over $20 million for the same period. Both parties have been spending more than they’ve been saving since 2021, but the Republicans have been consistently holding less cash on hand than the Democrats.
From 2016 through 2020 Republicans held two to six times as much as the Democrats, but after 2021, money given to the GOP dropped significantly. While both parties continued to spend in 2022 through the present, the DNC maintained more cash in the bank than the RNC the entire time.
The RNC had $21.35 million after the 2016 election which soared to almost $40 million by the end of 2017. Their highest point was in 2021 when they had $65.47 million available in the war chest. The pattern since then, however, has been a dramatic decline. After the 2022 midterms, its balance was down to $17.28 million and now it’s down to just $9.12 million which is the lowest since 2015.
Activists for the party blame a combination of factors, from donors having fewer funds available to the recent series of GOP losses at the ballot box demoralizing the base. RNC member Patti Lyman said the appalling electoral losses since 2017 forward “speaks for itself.”
During the 2018 midterm elections, the Democrats gained 41 seats in the House which allowed them to control it until 2022. Trump’s hotly contested loss in 2020, amidst rampant accusations of foul play and electoral shenanigans, painted the party as feckless and pathetic – not exactly the kind of people to whom you want to give your hard-earned money. The so-called “red wave” of 2022 was more like a red drip which gave the Republicans a razor-thin majority in the House.
RNC Chairwoman Ronna McDaniel said she expects donations to go up after the party selects its nominee in July 2024.
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