Campaign

Five takeaways from last quarter’s fundraising

Democrats and Republicans are reporting massive fundraising gains in the first quarter of what is expected to be a competitive election year.

Candidates, committees and outside groups will go into the second quarter with millions of dollars available to rally to their cause, with almost seven months until election day but some primaries fast approaching. 

Although Democratic candidates and committees seem to have pulled ahead in first-quarter funding, outside Republican groups have earned more than their Democratic counterparts. Fundraising reports are also a look into former President Trump’s influence, and some of his favorite targets have made millions.

Here are five takeaways from last quarter’s fundraising, which was due on Friday:

Candidates haul in record amounts

Candidates on both the left and the right have raised record amounts of money during last quarter’s cycle

Among vulnerable incumbent Democrats, Sen. Raphael Warnock (D-Ga.) raised more than $13.6 million. Sen. Mark Kelly (D-Ariz.) garnered $11.3 million, while Sen. Maggie Hassan (D-N.H.) earned $4.3 million.

On the Republican side, Sen. Marco Rubio (R-Fla.) garnered $5.8 million and Sen. Lisa Murkowski (R-Alaska) pulled in $1.5 million. 

Nonincumbent Democrats are also raising large amounts — Rep. Val Demings (D-Fla.) raised $10 million in her challenge of Rubio. 

Democratic committees outraise Republicans

The Democratic Congressional Campaign Committee (DCCC) raised $52.4 million in the first quarter, beating the National Republican Congressional Committee by more than $11.5 million.

The DCCC says it has $113.3 million on hand at the end of the first quarter. 

Meanwhile, the National Republican Senatorial Campaign Committee earned $43 million. 

The group touted its highest fundraising achievement in March when it earned $13.28 million, the highest March fundraising haul on record. 

However, among state committees, Republicans seemed to lead last quarter’s fundraising.

The Republican State Leadership Committee and its partner, the State Government Leadership Foundation, raised $10.1 million. The Democratic Legislative Campaign Committee says it garnered $6.5 million.

But outside GOP groups rake in more than Democratic counterparts

Outside Republican groups, however, saw higher success than their Democratic counterparts in the last quarter.

The Republican Congressional Leadership Fund said it raised $37.5 million, while the Democratic House Majority PAC and House Majority Forward said it earned more than $16 million.

The Republican Women for Women Action Fund also said it raised $4.6 million in the first quarter.

Some of Trump’s favorite targets rake in millions

Although Trump has attempted to flaunt his influence in the 2022 elections by targeting those who have condemned his actions or are unsupportive of his false 2020 election fraud claims, his favorite opponents raked in millions last quarter. 

Murkowski, the only senator to vote to convict Trump in his impeachment trial who is up for reelection this year, brought in $1.5 million, bringing her cash on hand to $5.2 million. She faces Trump endorsed primary challenger Kelly Tshibaka, a former state administration commissioner.

Rep. Liz Cheney (R-Wyo.), who has drawn Trump ire due to her repeated condemnation of his 2020 election fraud claims and her position on the House panel investigating the Jan. 6, 2021, attack on the U.S. Capitol, raised $2.94 million in quarter one with a total of almost $10 million in cash on hand. 

She faces Trump-endorsed Wyoming attorney Harriet Hageman, who earned $1.3 million in the last quarter. 

Lower-profile targets who vexed Trump brought in smaller amounts in the first quarter as the Republican primaries have become a fight between pro-Trump candidates and those who see the former president less favorably. 

Prominent progressives see big gains against moderate opponents

Several prominent progressive Democrats boasted significant cash over their centrist opponents ahead of the primaries. 

Progressive Texas House candidate Jessica Cisneros raised $1.7 million from Feb. 10 to the end of March, with $1 million cash on hand.

Her centrist opponent, incumbent Rep. Henry Cuellar (D-Texas) raised $753,000 in the same time period, but has slightly more cash on hand at $1.4 million. 

The Pennsylvania Senate primary also seems to be favoring the progressive candidate, with John Fetterman raising $3.1 million throughout the last quarter with $4.1 million cash on hand. Moderate opponent Conor Lamb raised $1.7 million and has $2.2 million cash on hand. 

Moderate Rep. Shontel Brown (D-Ohio) is faring better than her colleagues by raising $643,000 in the last quarter, with $582,000 cash on hand. 

Her total raised slightly towers over progressive candidate Nina Turner, who raised $609,000, with $259,000 cash on hand.

Tags 2022 elections FEC fundraising Henry Cuellar Jessica Cisneros Lisa Murkowski Liz Cheney Maggie Hassan Marco Rubio Mark Kelly Raphael Warnock Shontel Brown Val Demings

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