Party committees raise over $220 million in first six months of 2007
During the first six months of 2007, Democratic party committees raised $111.5 million, increasing their fundraising by 29 percent over the comparable period in 2005. When compared to the same period in 2003, the last Presidential cycle, the Democrats showed a 98 percent increase in federal receipts. Republican party committees raised $108.8 million from January 1 to June 30, 2007, representing a 24 percent decline in receipts when compared to the same period in 2005, and a 22 percent decline when compared the same period in 2003.
The largest percentage growth in fundraising came from the Democratic Congressional Campaign Committee, whose receipts increased 51 percent compared to the same period in 2005. Fundraising for the Democratic Senatorial Campaign Committee grew by 37 percent, while receipts of the Democratic National Committee declined by eight percent compared to the first six months of 2005. Each of the individual Republican committees (the Republican National Committee, the National Republican Senatorial Committee and the National Republican Congressional Committee) experienced a fundraising decline—24 percent for the Senatorial Committee, 25 percent for the National Committee and 26 percent for the Congressional Committee. State and local Democratic committees increased their fundraising by 44 percent, while their Republican counterparts' fundraising receipts fell by 21 percent compared to fundraising from the first six months of 2005. See the charts below for details regarding the national Congressional committees' fundraising over this period for the past six election cycles.
Contributions from individuals constituted the bulk of the receipts for both parties. Democrats reported receiving $87.1 million from individuals and $19.6 million from political action committees (PACs), including House and Senate members' campaign committees. Republicans reported receiving $92.3 million from individuals and $12.7 million from PACs and House and Senate members' campaign committees.
At the end of June, Democratic party committees had $50.9 million cash on hand and debts of $11.7 million, and Republican party committees had $31.8 million in cash on hand and debts of $6.4 million.
Additional information is available in a Press Release dated August 14, 2007. The release, which is available on the FEC website at https://www.fec.gov/updates/fec-summarizes-political-party-fundraising-figures-from-january-1-through-june-30-2007/, provides summary data for the financial activities of the federal committees of the two major parties for the first six months of 2007 and comparisons for the same period in the previous nine election cycles. It also includes tables depicting the breakdown of contributions to national parties by contribution amount.
