Donations to GOP drop as worries mount about the party’s finances
Donations to GOP drop as worries mount about the party’s finances
Donors have not cut as many large checks to the RNC in recent years, and the party’s small-dollar program has also suffered ahead of the 2024 elections
Donors have not cut as many large checks to the RNC in recent years, and the party’s small-dollar program has also suffered
The Republican Party’s finances are increasingly worrisome to party members, advisers to former president Donald Trump, and other operatives involved in the 2024 election effort, according to 10 people familiar with the matter.
The Republican National Committee disclosed that it had $9.1 million in cash on hand as of Oct. 30, the lowest amount for the RNC in any Federal Election Commission report since February 2015. That compares with about $20 million at the same point in the 2016 election cycle and about $61 million four years ago, when Trump was in the White House.
The Democratic National Committee reported having $17.7 million as of Oct. 30, almost twice as much as the Republican Party, with one year before the election.
I guess Rubles don't go as far as they used to....
Lotsa their small dollar donators died during the covid pandemic. The rest are getting fucked over like the rest of us, but haven’t realized it’s the Republican tax cuts and deregulation that are doing it to them.
Boo fucking hoo. Donations should be capped.
Also, elections shouldn’t be this long. It's insanely polarizing that we have to be bombarded constantly.
Exhausting, and downright Abusive at this point
Permanently Deleted
The trouble with running an anti-establishment populist is that the base he attracts doesn't trust establishments like the Republican Party. They all gave their money to the Save America PAC and the Trump Campaign, and Trump spent it on his personal legal fees.
This feels like the "leopards eating faces party" of political funding. "What do you mean our dark money pool created to sidestep regulations and accountability was emptied by a rogue leader because it was unregulated and unaccountable?" [surprised Pikachu face]
He isn't the only one that been caught dipping into the campaign funds. Even if you were totally a Republican you shouldn't donate because that's likely to just be stolen by a bunch of criminals. My god the rest of us all know this. I'm just surprised their donors seem to maybe be catching on.
And not to mention the 'establishment' donators watched as the RNC used their donations to fund Trump legal fees until shit really started hitting the fan.
advisers to former President Donald Trump
Saudis and Russians will be pouring in their $upport at any moment
That and you can expect them to reduce oil production in the run up to the election.
I'm shocked the numbers are so small. It sounds like any billionaire could buy enough ads to drown out everything else with nothing more than their pocket change.
This is to the party itself, and more specifically the RNC. This doesn't include donations to individual campaigns, nor things like super PAC money, which are often many times greater.
This is the best summary I could come up with:
The Republican National Committee disclosed that it had $9.1 million in cash on hand as of Oct. 30, the lowest amount for the RNC in any Federal Election Commission report since February 2015.
In an interview, RNC Chairwoman Ronna McDaniel said that donors are currently more focused on giving to individual candidates during the presidential primary and that the party’s fortunes will improve once there’s a nominee.
Still, the RNC’s dwindling cash position — combined with Republican losses in this month’s off-year elections, frustrations over the 2022 midterms and grousing over the chaotic presidential primary debates — has caused renewed questions about the committee’s effectiveness and McDaniel’s leadership.
Republican frustrations burst into the open this month after GOP losses in races for the Virginia legislature, the Kentucky governorship, the Pennsylvania Supreme Court, and on an Ohio ballot initiative on abortion rights.
Other state party officials have grown frustrated when they’ve asked the RNC for money to pay legal bills and been turned down, according to people familiar with the discussions.
“Republicans have the infinite capacity to eat our own and participate in circular firing squads as opposed to attacking the real culprits for America’s decline,” said Steve Hantler, an adviser to megadonor Bernie Marcus, who supported McDaniel’s opponent in January’s election for party chair.
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