CQ TODAY ONLINE NEWS
April 21, 2008 – 5:33 a.m.
As GOP’s Only Financial Bright Spot, RNC Outraised the DNC in March
By Greg Giroux, CQ Staff
The Republican National Committee (RNC) raised $15.4 million in March, according to a report filed Friday that covered financial activity during a period in which Arizona Sen. John McCain became the party’s presumed presidential nominee.
The RNC, which is now formally coordinating fundraising activity with McCain’s presidential campaign, once again outraised its partisan counterpart, the Democratic National Committee (DNC), which will have as its primary function assisting either Barack Obama of Illinois or Hillary Rodham Clinton of New York once the Democratic presidential nomination is decided. The DNC took in $6 million in March, according to its report to the Federal Election Commission.
The RNC, which has outraised the DNC in each of the 15 months in the 2007-08 election cycle, began April with $31.1 million left to spend — funds that it will spend primarily if not exclusively to assist McCain’s White House bid. The DNC had $5.3 million left in its account at the end of last month. Both national party committees are debt-free.
The RNC has such a big lead in fundraising in part because the DNC, under the chairmanship of Howard Dean, is focusing more of its resources on strengthening or rebuilding the Democratic Party’s infrastructure in all 50 states. The DNC also is competing for funds with Obama and Clinton, who have shattered fundraising records for presidential candidates, and also with the Democratic Congressional Campaign Committee and the Democratic Senatorial Campaign Committee, which have far outraised their GOP counterpart organizations.
Republican National Committee (RNC)
• March 2008 receipts: $15.4 million
• Cycle-to-date receipts: $123.5 million
• March 2008 expenditures: $9.3 million
• Cycle-to-date expenditures: $95.5 million
• Cash, March 31: $31.1 million
• Debts, March 31: $0
Notable contributions from individuals
• Alan I. Casden, chairman and chief executive officer of The Casden Company: $28,500
As GOP’s Only Financial Bright Spot, RNC Outraised the DNC in March
• Jeff Foxworthy, comedian: $2,000
• Joseph B. Gildenhorn, chairman of the board of the Woodrow Wilson International Center for Scholars and a former U.S. Ambassador to Switzerland: $28,500
• Peter O’Malley, former president of the Los Angeles Dodgers professional baseball team: $28,500
• T. Gary Rogers, chairman of the board of Levi Strauss & Co.: $28,500
• L. Francis Rooney III, chief executive officer of Rooney Holdings Inc.: $28,500
• Brent Scowcroft, national security adviser to Presidents Gerald R. Ford and George H.W. Bush: $3,000
• Charles J. Swindells, a former U.S. ambassador to New Zealand: $10,000
Democratic National Committee (DNC)
• March 2008 receipts: $6 million
• Cycle-to-date receipts: $72.8 million
• March 2008 expenditures: $5.4 million
• Cycle-to-date expenditures: $71.2 million
• Cash, March 31: $5.3 million
As GOP’s Only Financial Bright Spot, RNC Outraised the DNC in March
• Debts, March 31: $0
Notable contributions from individuals
• Warren Buffett, investor and the chairman and chief executive officer of Berkshire Hathaway Inc.: $28,500
• Elizabeth F. Bagley, a former U.S. ambassador to Portugal and a former senior adviser to Secretary of State Madeleine Albright: $28,500
• Judith R. Faulkner, chief executive officer of Epic Systems Corp.: $28,500
• Jim Humphreys, lawyer and an unsuccessful candidate for U.S. House in West Virginia in 2000 and 2002: $28,500
• Long Nguyen, chief executive officer of Pragmatics Inc.: $28,500
• Joe Solmonese, president of Human Rights Campaign: $1,000
• Michael R. Steed, managing director at Paladin Group: $15,000




POST A COMMENT
Oops! The following errors must be addressed: