The National Republican Congressional Committee outraised its Democratic counterpart in January despite several corporate political action committees cutting off donations to House Republicans after a majority voted to nullify President Biden’s victory during Electoral College certification.
The House Republican campaign arm collected $7.5 million last month, eclipsing the $7 million raised by the Democratic Congressional Campaign Committee. The NRCC spent nearly as much as it hauled in, $6.5 million, to close January with $13.5 million in cash on hand. A hefty portion of those expenditures were dedicated to expanding the committee’s proprietary list of grassroots contributors who donate in small amounts through online platforms.
The DCCC finished the month with $22.4 million in the bank after spending $5.6 million, according to Federal Election Commission filings. Although the House Democratic campaign arm has a much larger war chest than the NRCC, it is saddled with $13 million in debt from the last election cycle. The Republican committee ended 2020 debt-free. House Democrats hold a narrow five-seat majority heading into the 2022 midterm elections.
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Meanwhile, NRCC fundraising efforts appear unscathed by the plunge in financial support from political action committees.
Although ultimately completed, the Jan. 6 certification of Biden’s Electoral College victory was disrupted for hours when supporters of now-former President Donald Trump ransacked the Capitol. The violent siege did not discourage House Republicans from objecting to Biden victories in at least half a dozen states and forcing roll-call votes to ascertain the results from Arizona and Pennsylvania after Congress reconvened in a joint session to finish the certification process.
Many corporate PACs responded by suspending their financial support for House Republicans. Some PACs decided to stop giving to members of Congress of both parties.
