Sunday, July 20, 2014 4:59 pm
Committees, super PACs disclose June fundraising
MISSISSIPPI GOOD FOR FUNDRAISING
The anti-tax Club for Growth Action last month had its second best fundraising haul this election cycle as it raised money to pour into Chris McDaniel's bid to deny incumbent Republican Thad Cochran a seventh term in the Senate.
McDaniel had a narrow edge over Cochran in their primary, but neither candidate captured more than 50 percent of the vote. That sent both into a runoff that had outside groups, establishment Republicans and national figures scrambling to ship millions to the state. Cochran captured more votes on the second round and appears likely to return for another term, but McDaniel's allies are threatening to challenge the results.
Club for Growth Action, which demands anti-tax purity and punishes those who stray from that orthodoxy, raised $1.2 million in June as it railed against Cochran. In all, the Club for Growth Action fund spent roughly $3.5 million in Mississippi as of June 30.
DEMOCRATS PAYING DOWN DEBT
The Democratic National Committee narrowly outraised its Republican rival last month and cut its debt to just $3 million, down from a onetime high of $23 million.
The DNC raised almost $9 million in June, while the Republican National Committee reported Sunday that it raised $8.5 million. Despite narrowly being edged out last month, the RNC still has $14.4 million in the bank — roughly twice the DNC's almost $7.8 million.
Republicans have outraised Democrats in 10 of the last 18 months, although the RNC has done so only once since January of this year.
Both parties' central committees tend to amass debt toward the end of a hard-fought presidential campaign, and 2012's contest between President Barack Obama and former Massachusetts Gov. Mitt Romney was no exception. The DNC spent heavily to help Obama win a second term — and help motivate Democrats nationwide to support candidates elsewhere on the ballots — but it went into debt to do so.
The DNC's debt ballooned to a high of almost $23 million in March 2013 as donors, who opened their wallets throughout 2012, tired of giving for a politically quiet year. The DNC since has been paying down those costs and working to control its spending ahead of 2014's midterms.
HOUSE, SENATE DEMOCRATS OUTRAISE GOP
House and Senate Democrats' campaign arms alike again outraised their Republican rivals.
The Democratic Congressional Campaign Committee raised $10.9 million from donors in June and has $50.9 million in its bank accounts. At the same time, the National Republican Congressional Committee said donors gave another $9.6 million to the committee tasked with keeping House Republicans in the majority and has $42.5 million saved.
The Democrats' House campaign committee has outraised the GOP in 16 of the last 18 months despite long odds of tipping control of the chamber away from Republicans. The Democrats have now raised almost $125 million since the last elections and have been spending heavily to help their incumbents and candidates.
On the other side of Capitol Hill, the Democratic Senatorial Campaign Committee reported that it raised $7.2 million in June. The National Republican Senatorial Committee said it raised $6 million.
Senate Democrats have $30.5 million in the bank to Republicans' $24.6 million.
Democrats are defending a six-seat majority in the Senate and have been spending heavily to hold those seats and perhaps oust incumbent Republicans. The GOP has also been spend-happy with aggressive criticism of endangered Democratic incumbents in North Carolina, Louisiana and Colorado.
DEMOCRATS' SUPER PACS GOING STRONG, TOO
Outside group, which can raise unlimited cash, are also working to help Democrats' odds for Congress in November.
Senate Majority PAC raised $2.4 million last month, bringing its total fundraising to almost $30 million to pay for independent ads — often highly critical of Republicans. The House Majority PAC, meanwhile, raised $1.5 million, bringing its total since January 2013 to $17 million.
Both groups are trying to help Democrats' odds this fall.
TWO SAN FRANCISCANS, $3 MILLION
A pair of San Francisco billionaires gave a jump start to an environmental super PAC.
Tom Steyer gave NextGen Climate Action, the group he founded, another $2 million, bringing his year-to-date giving to $4.1 million. Retired Golden West Financial Corporation executive Herb Sandler, meanwhile, wrote NextGen Climate Action a $1 million check.
Sandler's fortune also helped found the liberal Center for American Progress.
Steyer and Sandler were the only donors to NextGen Climate Action in June.
Steyer has pledged to spent $100 million on this year's elections -- perhaps as much as $50 million of that from his own fortune. The group has raised $12.6 million since January 2013.
ROVE-BACKED GROUP SLIPS IN MONEY
American Crossroads, the super PAC backed by former George W. Bush chief strategist Karl Rove, saw its fundraising dip in June but still spent $1.8 million.
The group, among establishment Republicans' favorite, raised almost $113,000 in June — and $100,000 came from Denver-based Hallador Energy Company.
The haul was a dramatic dip from the $5.2 million the group raised in March. Even so, the group still has $2.9 million saved to pay for the ads it has booked in the fall, and Rove's fundraising network could round up millions when it is needed.
American Crossroads' figures do not reflect what donors have given to its affiliated Crossroads GPS, which does not have to report its finances to the FEC. That group is paying for ads that criticize the records of incumbent Democratic senators in Arkansas, Colorado and North Carolina.
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