News Releases, Media Advisories

For Immediate Release:                                                                     Contact:  Ian Stirton
September 22, 1999                                                                                              Ron Harris
                                                                                                                               Sharon Snyder
                                                                                                                               Kelly Huff

 

FEC RELEASES FUNDRAISING FIGURES OF MAJOR POLITICAL PARTIES

-LARGE GAIN IN ‘SOFT MONEY’ CONTRIBUTIONS-

Washington -- According to recent disclosure reports for the first six months of 1999, Republican party committees raised $66.4 million for federal elections and spent $56.7 million from their federal ("hard money") accounts, while the Democrats had receipts of $38.1 million and expenditures of $31.6 million. This is a 16% increase in receipts for both parties when compared to the same period of 1997-98. When compared to the same period in 1995-96, the last presidential cycle, Republicans registered a 4% decrease in receipts, while the Democrats showed a 37% increase in receipts.

Contributions from individuals constituted the bulk of the receipts for both parties. Republicans reported $59.4 million from individuals and $3.9 million from PACs. Democrats reported $29.2 million from individuals and $4.5 million from PACs. In addition, Democrats had $12.4 million cash on hand and debts of $5.4 million while the Republicans reported cash on hand of $15.9 million and debts of $2.5 million.

Both political parties continued to raise record amounts of soft money. Republicans raised $30.9 million in soft money for the first six months of this year, a 42% increase when compared to the first six months of the 1997-98 election cycle. Democrats raised $26.4 million, a 93% increase. Soft money describes funds raised outside the limitations and prohibitions of the Federal Election Campaign Act, and must be deposited in separate non-federal accounts, not to be used in connection with federal elections.

Charts attached to this release provide summary data for the financial activities of the two major parties during the first six months for the 1997-98 election cycle and comparisons for the same period in the previous five election cycles. Comparable data on non-federal party activity are available for only the previous four elections. The FEC began requiring national party committees to disclose their non-federal accounts in January 1991.

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Republican Party Federal Activity

Democratic Party Federal Activity

Republican Party Non-Federal Activity

Democratic Party Non-Federal Activity

Non-Federal Summary