TagFundraising

Biden gains cash advantage over Trump for first time in 2020 presidential election cycle

Joe Biden outraised Donald Trump by $150 million according to campaign finance reports filed with the Federal Election Commission on September 20.

The Biden campaign raised $212 million in August, a percentage difference of 109% from the Trump campaign’s $62 million. Biden’s campaign spent $130 million to Trump’s $61 million. As of August 31, the Biden campaign had $60 million more in cash on hand than the Trump campaign ($181 million to $121 million), marking the first time his campaign has held a cash advantage over Trump. Biden also leads Trump in overall fundraising for the first time, cumulatively raising $541 million to Trump’s $476 million.

Biden’s campaign more than quadrupled its receipts from July in August ($50 million to $212 million), while Trump’s receipts declined by $10 million ($72 million to $62 million).

Biden’s $541 million in overall fundraising is the second-highest figure for any presidential candidate at this point in the past four cycles. The only candidate to have outraised him was Barack Obama (D), who had raised $598 million in inflation-adjusted funds at this point in 2008. Biden’s cash-on-hand total of $181 million is the highest of any candidate’s at this point in the election cycle, topping Trump’s $121 million this year and Obama’s $102 million in inflation-adjusted cash on hand in September 2012.

Biden and Trump’s combined $1 billion in fundraising is the highest across the four most recent election cycles. At this point in the 2008 campaign, Barack Obama and John McCain (R) had raised a combined inflation-adjusted $908 million.

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RNC outraises DNC by nearly three-to-one

The Republican National Committee (RNC) outraised the Democratic National Committee (DNC) by nearly three-to-one last month, according to July 2020 campaign finance reports filed with the Federal Election Commission Monday. This was the third month in a row in which the RNC outraised the DNC.

The RNC raised $36.9 million and spent $19.0 million, while the DNC raised $12.6 million and spent $15.2 million. So far in the 2020 cycle, the RNC has raised 75.0% more than the DNC ($409.7 million to $186.2 million). The RNC’s 75.0% fundraising advantage is up from 72.9% in June and 72.4% in May.

At this point in the 2016 campaign cycle (the most recent presidential cycle), the RNC had a smaller 40.7% fundraising advantage over the DNC ($180.7 million to $119.5 million).

The National Republican Senatorial Committee (NRSC) raised $14.0 million and spent $23.5 million last month, while the Democratic Senatorial Campaign Committee (DSCC) raised $13.6 million and spent $8.2 million. So far in the 2020 cycle, the NRSC has raised 6.5% more than the DSCC ($133.6 million to $125.1 million). The NRSC’s 6.5% fundraising advantage is down from 7.0% in June and 8.8% in May.

On the House side, the Democratic Congressional Campaign Committee (DCCC) raised $17.1 million and spent $9.3 million, while the National Republican Congressional Committee (NRCC) raised $13.6 million and spent $6.9 million. So far in the cycle, the DCCC has raised 25.9% more than the NRCC ($207.8 million to $160.1 million). The DCCC’s 25.9% fundraising advantage is down from 26.2% in June and 27.8% in May.

At this point in the 2018 campaign cycle, Democrats led in both Senate and House fundraising. The DSCC had raised 15.0% more than the NRSC ($87.2 million to $75.0 million), while the DCCC had raised 27.6% more than the NRCC ($177.4 million to $134.4 million).

So far in the 2020 cycle, the RNC, NRSC, and NRCC have raised 30.1% more than the DNC, DSCC, and DCCC ($703.4 million versus $519.2 million). The Republican fundraising advantage is up from 29.3% in June and 28.9% in May.

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RNC outraises DNC by nearly two-to-one, Republican Hill committees outraise Democratic counterparts

The Republican National Committee (RNC) outraised the Democratic National Committee (DNC) by nearly two-to-one in April, according to campaign finance reports filed with the Federal Election Commission on May 20. The DNC had reported its best fundraising totals of the campaign cycle in March 2020, outraising the RNC for the first time since October 2018.

The National Republican Senatorial Committee (NRSC) raised $11.5 million and spent $6.2 million last month, while the Democratic Senatorial Campaign Committee (DSCC) raised $9.0 million and spent $5.0 million. So far in the 2020 cycle, the NRSC has raised 8.8% more than the DSCC ($109.5 million to $100.3 million). The NRSC’s 8.8% fundraising advantage is up from 7.0% in April but down from 10.1% in March.

On the House side, the National Republican Campaign Committee (NRCC) raised $11.4 million and spent $8.0 million, while the Democratic Congressional Campaign Committee (DCCC) raised $11.3 million and spent $9.6 million. So far in the cycle, the DCCC has raised 27.8% more than the NRCC ($179.8 million to $135.9 million). The DCCC’s 27.8% fundraising advantage is down from 30.0% in April and 30.9% in March.

At this point in the 2018 campaign cycle, Democrats led in both Senate and House fundraising, although their advantage in the House was smaller than in this cycle. The DSCC had raised 17.6% more than the NRSC ($76.3 million to $63.9 million), while the DCCC had raised 21.5% more than the NRCC ($150.9 million to $121.6 million).

Last month, the RNC raised $27.1 million and spent $27.0 million to the DNC’s $15.3 million in fundraising and $10.7 million in spending. So far in the 2020 cycle, the RNC has raised 72.4% more than the DNC ($345.7 million to $161.9 million). The RNC’s 72.4% fundraising advantage is down from 73.9% in April and 88.4% in March.

At this point in the 2016 campaign cycle (the most recent presidential cycle), the RNC had a smaller 44.0% fundraising advantage over the DNC ($150.4 million to $96.2 million).

So far in the 2020 cycle, the RNC, NRSC, and NRCC have raised 28.9% more than the DNC, DSCC, and DCCC ($591.1 million to $442.0 million). The Republican fundraising advantage is up from 28.4% in April but down from 35.0% in March.

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