This week, the top Republican in the House,Â Minority Leader John A. Boehner (Ohio), pledged that the party would spend $50 million assisting House candidates in theÂ midterm elections. The National Republican Congressional Committee has been outraising its Democratic counterpart for the past four months and is raising far more than in the last election cycle. Last month, it brought in $8.6 million, compared with $6.2 million for the Democratic Congressional Campaign Committee.
But the DCCC still has more money on hand for the campaign, $35.8 million compared with the NRCC’s current total of $22.1 million.
The NRCC typically takes out about $8 million in loans ahead of an election, meaning it would need to raise or borrow an additional $20 million before Election Day to meet Boehner’s goal. In 2008, it reported raising $14.2 million in the last 2 1/2 months before the election. When Republicans held the majority in 2006, they were able to raise $34.7 million in that time period – but they had many more members at the time transferring money into party coffers.
The announcement of the ambitious goal follows a turnaround in Republicans’ fundraising. Back in December, the DCCC had six times as much cash for the elections as the NRCC. Today it has 1.6 times as much.
In the last election cycle, Democrats spent $81.6 million helping House candidates; Republicans could muster only $30 million. The figures are not likely to be so lopsided this year.