Republicans defending seats in some of the most competitive House races hold a financial advantage over Democratic challengers as the campaign for control of Congress enters a crucial phase, a Bloomberg tabulation of Federal Election Commission reports shows.
Democrats trying to wrest control of the House in November are running up against the power of incumbency and one of the main pitfalls of the surge of party enthusiasm in the first midterm of Donald Trump’s presidency: multicandidate primaries that splintered donors and drained campaign accounts.
Republicans had more cash-on-hand in 13 of 18 congressional districts where primaries have been held and that are rated as general election tossups by the nonpartisan Cook Political Report. The tabulation was based on second-quarter reports that were due this week.
GOP candidates in the 18 districts collectively had $26.6 million in their bank accounts at the end of June, while Democrats have $16 million. A positive for the Democrats: they collectively out-raised the Republicans in those districts during the period, $18.4 million to $10.5 million. The second-quarter surge brought Democrats to parity in the districts -- they’ve raised $40.4 million so far in the cycle, compared to $40.2 million for Republicans.
In 12 of the 13 districts where the GOP has a cash-on-hand advantage, a Republican incumbent is running. Most of them had little or no opposition in their primary elections, meaning they could focus on fundraising and conserve resources.
While both parties will continue raising money right up to the election, the current Republican advantage will allow some GOP candidates to define their Democratic opponents in unflattering ways and steer the agenda during the earliest phase of the general election campaign.
On the House side, the top super-political action committee backing Republican efforts to hold onto the House majority had $71.4 million in the bank at the end of June. The Congressional Leadership Fund balance compares to $16.7 million in the bank as of the end of May for the House Majority PAC, which backs Democrats and must report its latest totals by Friday.
Party committees, like the Democratic Congressional Campaign Committee and the National Republican Congressional Committee will also play major roles and will file updated reports no later than Friday. The DCCC had a $60.6 million balance at the end of May, while the NRCC had $60.9 million.
The GOP money advantage is illustrated in Maine’s mostly rural 2nd District, where three Democrats competed in a June 12 primary to oppose Republican Representative Bruce Poliquin. The incumbent finished June with a roughly $2.3 million bank-balance advantage over Democratic challenger Jared Golden, a state legislator and Marine Corps veteran.
The cost of competitive Democratic primaries can also be seen in Kentucky’s 6th congressional district, where incumbent Representative Andy Barr had almost $2.8 million in his campaign chest at the end of June. His challenger, former Marine Corps fighter pilot Amy McGrath, ended the quarter with roughly $2 million less.
McGrath won a Democratic primary that included five other candidates, while Barr had only token opposition in his primary. She spent $1.1 million during the second quarter, while his expenditures totaled $367,106.
Tossup races with largest cash-on-hand differencesSource: Federal Election Commission data compiled by Bloomberg
District Republican Democrat Difference More in bank ME-02 Bruce Poliquin Jared Golden $2,318,932 Republican KY-06 Andy Barr Amy McGrath $2,033,820 Republican IL-06 Peter Roskam Sean Casten $1,690,807 Republican CA-10 Jeff Denham Josh Harder $1,335,404 Republican TX-32 Pete Sessions Colin Allred $931,103 Republican
Candidates with bigger bank balances have more flexibility as Election Day nears and can afford robust television campaigns and canvassing operations.
"Every candidate wants to be the one with the most money in the bank," said Michael Beckel, research director at Issue One, which advocates for tighter limits on political giving. "If you have more money, you have more choices."
More at: https://www.bloomberg.com/news/artic...ine&yptr=yahoo
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