Washington Watch: Democrats raise more money than Republicans in crucial Senate races, as they make ‘strong fundraising appeal’ after Roe overturned

by | Sep 14, 2022 | Stock Market

If Democrats manage to keep their grip on the U.S. Senate in November’s midterm elections, it won’t have been all about the money — but their success with fundraising will have helped. Democratic candidates have an advantage in total money raised in nine out of the 10 Senate races that are rated as competitive by the nonpartisan Cook Political Report.

That’s shown in the below chart, which relies on filings to the Federal Election Commission by the candidates’ principal campaign committees and their joint fundraising committees with their parties.

A number of the Democratic candidates in battleground states could have a fundraising edge because they are “incumbents who aren’t needing to jump over all the hurdles of running for office for the first time,” said Michael Beckel, research director at Issue One, a nonpartisan watchdog group that aims to reduce the influence of big money in politics. Beckel said those Democrats likely have an advantage over their GOP opponents in terms of their established fundraising machines and name recognition. And in some of the other competitive races, the Republican incumbent is retiring — which can also motivate Democratic donors, as it’s generally easier to win an open seat than knock off an incumbent, he said. Five of the 10 competitive contests feature Democratic incumbents (the races in Georgia, Arizona, Nevada, New Hampshire and Colorado), while just two involve GOP incumbents (Florida and Wisconsin), and three have no incumbent as a Republican senator is retiring (Pennsylvania, Ohio and North Carolina). The Supreme Court’s Dobbs decision in June that overturned Roe v. Wade, the landmark 1973 case that established a constitutional right to an abortion, is also a factor in this year’s fundraising. A r …

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