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applegrove

(118,473 posts)
Mon Nov 27, 2023, 07:55 AM Nov 2023

Donations to GOP drop as worries mount about the party's finances [View all]

Donations to GOP drop as worries mount about the party’s finances

Donors have not cut as many large checks to the RNC in recent years, and the party’s small-dollar program has also suffered

By Isaac Arnsdorf and Josh Dawsey
November 27, 2023 at 5:00 a.m.

https://wapo.st/3Rf2BXN

"SNIP........

The Republican Party’s finances are increasingly worrisome to party members, advisers to former president Donald Trump, and other operatives involved in the 2024 election effort, according to 10 people familiar with the matter.

The Republican National Committee disclosed that it had $9.1 million in cash on hand as of Oct. 30, the lowest amount for the RNC in any Federal Election Commission report since February 2015. That compares with about $20 million at the same point in the 2016 election cycle and about $61 million four years ago, when Trump was in the White House.

The Democratic National Committee reported having $17.7 million as of Oct. 30, almost twice as much as the Republican Party, with one year before the election.

“It’s a revenue problem,” Tennessee RNC member Oscar Brock said. “We’re going through the same efforts we always go through to raise money: the same donor meetings, retreats, digital advertising, direct mail. But the return is much lower this year. If you know the answer, I’d love to know it. The staff has managed to tighten down on expenses to keep the party from going into the red.”

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