FOR IMMEDIATE RELEASE CONTACT: RON HARRIS OCTOBER 29, 1996 SHARON SNYDER IAN STIRTON KELLY HUFF
WASHINGTON Since January 1, 1995, the Republican party's national committees have raised $278.4 million and the Democratic committees $139.8 million for their federal accounts, while spending $272 million and $129 million, respectively, according to a Federal Election Commission analysis of party financial activity.*
Those "hard dollar" receipts are 69 percent higher for Republicans than in the previous Presidential election cycle (1991 92), and 64 percent higher for Democratic committees. The Democrats registered a 60 percent increase in disbursements, while the Republicans spent 77 percent more than at this time in 1992.
In federal candidate support, the Democratic party contributed $1.3 million and spent $12.4 million in coordinated expenditures on behalf of candidates. The Republicans contributed $2.3 million and spent $22.6 million in coordinated expenditures.
But the largest percentage increases for both parties were in non federal, or "soft money"**, accounts.
Through October 16 of this election cycle, Republicans had raised $121 million for their non federal accounts and spent $118 million; an increase of 166 and 219 percent, respectively, over this same time period in the 1991 92 election cycle.
Democratic party committees registered a 232 percent increase in receipts and a 255 percent jump in spending from the 1992 cycle. Democratic non federal accounts show $102.4 million in receipts and $92.8 million in disbursements, with $10.7 million cash on hand. Republicans reported $6.6 million cash on hand.***
To summarize non federal disbursements, the Republicans transferred $40.4 million to state parties, contributed $910,038 to state and local candidates, spent $47.7 million as their share of joint federal and non federal activity, and $40.1 million on other activities. The Democrats transferred $47.2 million to state parties, contributed $2.5 million to state and local candidates, spent $28.3 million as their share of joint expenses, and reported $15.4 million for other activities.
Charts and tables accompanying this news release provide data for the financial activities of the national committees of the Republican and Democratic parties through October 16, 1996 compared to the same periods in 1992 and 1994. Transfers to each state party are listed for both federal and non federal accounts.
*Information from the Democratic National Committee is through September 30 only. All other Democratic and Republican committee data are through October 16.
**"Soft money" describes funds raised outside the limitations and prohibitions of the Federal Election Campaign Act. It is prohibited from being used in connection with a federal election.
***This figure does not include cash on hand for NRCC soft money accounts, as the committee does not file summary schedules containing this information.
Federal Activity of Democratic National Committees
Federal Activity of Republican National Committees
Non Federal Activity of Democratic National Committees
Non Federal Activity of Republican National Committees
National Party Non Federal (Soft Money) Activity 1992-1996