Category Archives: Financials

Senate Money

By Jim Ellis — Tuesday, Oct. 22, 2024

Senate

Sen. Jon Tester (D), Montana, has raised $31.7 million in just the past three months. / Photo by Jared King, Navajo Nation Washington Office

According to The Down Ballot political blog, the Democratic Senate candidates extended their already impressive 2024 cycle fundraising advantage over Republicans as reported in the just released third quarter Federal Election Commission financial disclosure reports.

The Down Ballot calculations indicate that “Democratic candidates collectively raised $452 million dollars, almost twice as much as the $235 million brought in by their GOP rivals.” The gap might be the largest in the Senate races as compared to the Presidential and House campaigns, but just how much will the money advantage mean in terms of winning and losing?

The three biggest fundraisers for the third quarter with incredible totals begin with Sen. Jon Tester’s (D-MT) $31.7 million raised in just the past three months. Closely following are Sen. Sherrod Brown (D-OH) with $29.8 million raised, and Texas Rep. Colin Allred (D-Dallas) securing $29.7 million.

Despite the huge fundraising and spending advantage, however, the latest polling shows all three of these candidates trailing their Republican opponents. In the Montana race, the New York Times/Siena College survey (Oct. 5-8; 656 likely Montana voters; live interview) sees Republican Tim Sheehy leading Sen. Tester, 52-44 percent, despite his overall better than 3:1 fundraising edge.

In Ohio, Sen. Brown posts a cycle-to-date dominance of more than 4:1 in campaign spending, but the latest survey from the Morning Consult track (Oct. 6-15; 1,243 likely Ohio voters; online) gives Republican businessman Bernie Moreno a one-point lead, 48-47 percent.

While Rep. Allred outraised Sen. Ted Cruz (R-TX) $29.7 million to $17.1 million during the Q3 period, the two are at parity for cycle-to-date fundraising: $64.1 million for Allred; $63.7 million for Cruz. The latest YouGov poll for the University of Texas’ Texas Politics Project (Oct. 2-10; 1,091 likely Texas voters; online), however, gives Sen. Cruz a 51-44 percent advantage.

What these fundraising and polling numbers show is that a larger advantage in campaign resources and spending does not necessarily guarantee majority support.

Overall, an aggregate $340-plus million was raised in the 3rd quarter from the 79 charted Senate candidates with an average of $4.3 million per contender in just the 13-plus week reporting period from July 1- Sept. 30. The median average, however, is $1.084 million, meaning an equal number of candidates have raised more and less than that number.

One of the more interesting late-breaking races is the Nebraska Senate race featuring two-term incumbent Sen. Deb Fischer (R). While not having a Democratic opponent, Sen. Fischer faces Independent Dan Osborn, who is making her re-election battle much more difficult than anyone would have imagined at the beginning of the election cycle in what should be a safe Republican state. In the Q3, Osborn out-raised Sen. Fischer, $3.2 million to $915,000, but the incumbent still maintains the overall spending advantage, $7.1 million to $4.2 million.

The biggest Q3 gap in fundraising, as it has been throughout the election cycle, comes in the Michigan Senate race. For the 3rd quarter, Rep. Elissa Slotkin (D-Lansing) raised $18 million versus former Rep. Mike Rogers (R) pulling in $4.4 million, which, incidentally, is his best fundraising quarter for the election cycle. In the cycle-to-date categories, Slotkin leads Rogers $40.3 million to $9.4 million in fundraising and $35.9 million to $6.6 million in spending.

While the polls have always favored Rep. Slotkin, her margin is not overly strong, an average of 4.3 points from 14 October polls. Slotkin’s largest lead is nine points (The Bullfinch Group; Oct. 11-17), collapsing as far as Rogers posting a one-point edge (AtlasIntel; Oct. 12-17).

While the Senate Democratic candidates enjoy a huge advantage in fundraising, the aggregate outside organization spending has brought the two parties closer to parity. Most of the independent expenditures favor the Republican side either in money for pro-Republican candidate ads and programs, or anti-Democratic ads and programs.

Including all levels of federal campaigning (President, Senate, and House), the conservative outside organizations have outspent the liberal organizations by a 2:1 margin, $1.3 billion to $566 million according to the Open Secrets data organization.

It is clear that both sides have more than enough financial resources with which to communicate their message to the American electorate. It is always better to have more money than less, but it is not always necessary to be the top spender in a race.

VP Harris Holds Slight Edge in Nevada; Balance of Senate Tested; Senate Money in Maryland; Examining California’s Key Districts

By Jim Ellis — Friday, Sept. 27, 2024

President

Vice President Kamala Harris / Photo by Gage Skidmore

Nevada: New Polling Data Tracking with 2020 Result — Noble Predictive Insights tested the Nevada electorate in reference to the presidential campaign and finds Vice President Kamala Harris leading former President Donald Trump by only a percentage point, 48-47 percent.

Looking at the geographic division in the Noble poll and comparing it to Gov. Joe Lombardo’s (R) victorious 2022 votes received from Clark County (Las Vegas), Washoe County (Reno), and the rural Nevada areas, the Trump figures are equivalent to Lombardo’s performance in Clark and Washoe. It is the rural areas where Trump will need to slightly improve if he is to carry the state.

While he will outpace Harris by better than 2:1 in this region, Trump’s 2020 performance in the rural areas was a point behind Lombardo’s 2022 total. Considering Trump lost to then candidate Joe Biden by 2.3 percentage points here in 2020, the former president will need to improve slightly upon Lombardo’s numbers in all regions, but especially in the rural areas, if he is to compensate for his previous deficit.

Senate

FiveThirtyEight: Releases New Senate Mean Average Data — The FiveThirtyEight data organization released new mean averages for all the competitive Senate races and, for the most part, the numbers are consistent with averages publicized on other platforms.

While Democrats have relatively small but consistent leads in most of the competitive states, the Republican average is stronger (+3) in Montana, where a Tim Sheehy (R) victory over Sen. Jon Tester (D) would likely clinch an outright GOP Senate majority. The race that appears to be getting closer is in Ohio, where Sen. Sherrod Brown’s (D) average advantage has dropped to three percentage points. The candidate with the strongest average is Nevada Sen. Jacky Rosen (D) at +9.

Maryland: Big Media Buy for Hogan Allies — Reports from the Free State are indicating that the Maryland’s Future Super PAC organization, which supports former Gov. Larry Hogan (R), has been reserving $18.2 million of advertising time for between now and the election. This is twice the amount that Democratic nominee Angela Alsobrooks is spending. Expect to see a large amount of Super PAC money to come to Alsobrooks’ rescue. The Democratic leadership and her outside allies will ensure the spending gap is at least equalized.

House

California: USC Releases Polls for Key Districts — The University of Southern California and the Center for Urban Politics and Policy at Cal State University Long Beach partnered to test eight California congressional districts. Two were Democrat vs. Democrat campaigns, and another found the sample size dropping significantly below an adequate level, so the numbers in CA-22 — Rep. David Valadao (R) vs. Rudy Salas (D) — should not be considered as viable. In the two Democratic seats, Bay Area Rapid Transit (BART) board member Lateefah Simon leads in Rep. Barbara Lee’s (D-Oakland) open 12th District and former San Jose Mayor Sam Liccardo posts a sizable advantage in Rep. Anna Eshoo’s (D-Atherton) open 16th CD.

Interestingly, in only one of two races where the Republican candidate held a lead, the USC poll features a GOP challenger. Former state Assemblyman Scott Baugh (R) held a three-point lead over state Sen. Dave Min (D-Irvine) in an open contest where the latter man’s most prevalent negative is his highly publicized drunk driving conviction. The other leader is Rep. Ken Calvert (R-Corona) who posted only a one-point edge over former federal prosecutor and 2022 general election finalist Will Rollins (D).

The Democrats who were leading Republican incumbents were Adam Gray over Rep. John Duarte (one point difference), George Whitesides topping Rep. Mike Garcia (+2), and Derek Tran leading Rep. Michelle Steel (+2).
The pollsters interviewed 2,395 likely voters in the five congressional districts during the Sept. 14-21 period. Interestingly, the undecided voters, when pushed, leaned toward Reps. Duarte and Calvert, and for the Democratic candidate in the other three contests.

In terms of the presidential vote, Kamala Harris led in all tested districts against Donald Trump but ran an average of three percentage points behind Joe Biden’s 2020 tallies. All of these races are very much in play, and the turnout model will likely be the deciding factor.

AIPAC’s Next Challenges

By Jim Ellis — Friday, June 28, 2024

Campaign Finance

The American Israel Public Affairs Committee (AIPAC) is getting most of the credit for Rep. Jamaal Bowman’s (D-NY) Democratic primary defeat earlier in the week, and deservedly so considering their associated entity’s huge expenditures, but will their next endeavors end in a similar manner?

Rep. Jamaal Bowman (D-NY) at Saturday’s Rally in the Bronx.

Rep. Bowman went down to a crushing 58-42 percent defeat at the hands of Westchester County Executive George Latimer on Tuesday night with the aid of almost $20 million being spent for Latimer and against Bowman in the congressional primary. Most of this outside money came from The United Democracy Project, a Super PAC associated with AIPAC.

Yet, some key facets of this race will not be present in campaigns against a pair of the group’s other important targets. Earlier in the year, when the anti-Israel protests began in earnest the AIPAC leadership pledged to spend $100 million to defeat some of Israel’s strongest adversaries in Congress. With Rep. Bowman successfully unseated, two others, Reps. Cori Bush (D-MO) and Ilhan Omar (D-MN), appear to be next in line and though every political race is different, similarities to Bowman’s pre-primary position are relatively strong.

To begin, Rep. Bowman, considering some of his other antics and inflammatory statements uttered during his tenure in the House, made him vulnerable beyond his stance against Israel. Therefore, he was a potential incumbent political casualty even before AIPAC entered the scene. The same is true for Reps. Bush and Omar.

Conversely, Bowman’s opponent is an accomplished politician and much more established than either of the men that Bush and Omar are facing.

As Westchester County Executive, Latimer already represented 91 percent of the 16th District constituency. In the area that he and Bowman had in common, Latimer’s percentage rose to 63.4 percent. In the Bronx borough, where Latimer was not a familiar figure, Rep. Bowman led with 83.6 percent support. The latter domain, however, accounted for less than 10 percent of the overall vote. Prior to his service as Westchester County executive, Latimer was an elected member of the New York Senate and Assembly.

While Reps. Bush and Omar’s opponents are certainly credible, their political resumes are not as formidable as Latimer in New York.

Post-election reports are surfacing through social media that Rep. Bowman was already trailing by 17 points prior to The United Democracy Project even beginning its media blitz. The reports suggested that the ads did not begin until April 3, yet a Mellman Group poll of the NY-16 Democratic constituency conducted over the March 26-30 period already found Rep. Bowman trailing, 52-35 percent.

Another poll, however, from Upswing Research and executed during the March 5-10 period found the race locked in a dead heat, with Rep. Bowman actually leading by a percentage point, 43-42 percent. While the final results suggest the Mellman poll is the more accurate of these two, it may or may not be the case that the incumbent was already trailing badly when the bulk of the media blitz targeting him began.

Additionally, this race is fully contained within the exorbitantly expensive New York City media market, thus one explanation for the huge amount of money being spent. The dollar expenditure in the other districts is unlikely to be as large.

Finally, the United Democracy Project did not fully message the Israel issue. Rather, the bulk of the advertising attacked Rep. Bowman for not supporting President Joe Biden’s legislative initiatives such as his opposition to the infrastructure spending legislation that was passed into law, thus this contest was decided upon other points not directly related to his anti-Israel stance. It is likely that the outside ad campaign will adopt different themes against Bush and Omar.

For her part, Rep. Bush is already issuing statements condemning “AIPAC and their allies” for spending “waves of money” to unseat Bowman. She is clearly trying to create a negative image of the organization since her standing at the commensurate point is similar to where Rep. Bowman stood.

Rep. Bush is under an ethics investigation for misuse of government funds and already finds herself in a tight race with her chief primary opponent, former St. Louis County prosecutor Wesley Bell. A Mellman Group poll taken recently (June 18-22; 400 likely MO-1 Democratic primary voters) found the Aug. 6 primary race locked in a dead heat. The ballot test projected Bell to be leading Rep. Bush by just a single point, 43-42 percent.

Since the AIPAC leadership was good to its word about coming in hard against major anti-Israel members of Congress in Bowman’s case, they will also come into St. Louis in an attempt to even the score with Rep. Bush. It is unlikely they will spend as much as they did in New York, but it is probable the organization will again be a major part of this particular primary campaign in its closing weeks.

The same can be said for Rep. Omar in Minneapolis. Two years ago, former Minneapolis City Councilman Don Samuels held the congresswoman to a scant 50-48 percent victory. This time, Samuels has more credibility as a congressional challenger, scored recent endorsements from major labor unions, and now will likely see major help coming from the AIPAC sources as the candidates battle toward the Aug. 13 Minnesota primary.

There can be no denying that the AIPAC forces were a major component of the coalition that defeated Rep. Bowman. Whether they can help achieve the equivalent result against Reps. Bush and Omar in August remains to be seen.

Senate Democrats’ Big Money

By Jim Ellis — Tuesday, April 23, 2024

Fundraising

The Daily Kos Elections site has released their quarterly fundraising recap depicting the amount that every candidate raised during the first quarter of 2024. The Democrats’ aggregate campaign dollar advantage appears overwhelming.

Today, we look at the US Senate financial picture. For the quarter, the 36 Democratic US Senate candidates raised an aggregate total of $92.18 million, or an average of $2.56 million per candidate. This compares with the $47.89 million cumulatively raised for the 43 Republican candidates. The latter figure calculates to a mean average of $1.11 million per GOP contender.

The top fundraiser for Q1 is Ohio Sen. Sherrod Brown (D) who accumulated a whopping $11.68 million. This compares to his Republican general election opponent, businessman Bernie Moreno, who reported $2.14 million in receipts.

For the entire election cycle, however, the candidate raising the most money is Texas Republican Sen. Ted Cruz, who records just under a $51.2 million income figure. His cash-on-hand total on March 31, at the end of the first quarter, was $9.4 million. Sen. Cruz’s general election opponent, US Rep. Colin Allred (D-Dallas), was the quarter’s fourth-largest Democratic fundraiser at $9.3 million raised. His aggregate campaign to date total is $27.91 million with $10.5 million cash-on-hand.

To get a better picture of how well the candidates are doing on the fundraising front, it is valuable to divide the cumulative fundraising totals by the number of congressional districts in the particular contender’s state, thus putting the candidates on an even footing. Per district, the top fundraiser in a competitive contest is Montana Sen. Jon Tester (D), who has obtained over $32 million for his campaign (cycle-to-date total), which would be equivalent to having $16.26 million per each of the state’s two congressional districts.

Sen. Tester’s opponent, retired Navy SEAL and aerospace company CEO Tim Sheehy (R) would have much less at $3.2 million per CD, which is still a respectable figure.

While using the congressional district division factor, the Texas numbers do not appear as daunting. While Sen. Cruz has already broken the $50 million threshold in cycle-to-date income, the large amount only translates into $1.3 million per the state’s 38 congressional districts. This means Rep. Allred’s $27 million raised translates into an even lesser $719,000 per Lone Star State CD.

While Rep. Allred is the highest Democratic challenger on the fundraising charts, the top Republican is Pennsylvanian David McCormick. He has raised over $11 million cycle-to-date ($647,000 per 17 CDs), but that number includes almost $2 million via a candidate loan. McCormick reports $4.7 million cash-on-hand. His opponent, three-term Sen. Bob Casey, Jr. (D-PA), has a cycle-to-date income figure of $23.3 million ($1.37 million per CD) with over $11.9 million remaining in his campaign account.

The situation is a little different when looking at the two major party campaign entities, the Democratic Senatorial Campaign Committee and the National Republican Senatorial Committee. The latter organization has raised just over $120 million cycle-to-date, while the DSCC total tops $107 million. The Democrats, however, have a cash-on-hand advantage, $41 million to $36.5 million. For the first quarter, the Republican committee outraised their Democratic counterpart, $42 million to $33 million.

In terms of the main outside Super PACs that help the respective party candidates, the Democrats’ entity reports almost a 2:1 gap over the GOP’s main committee. The Senate Majority PAC has raised $122 million for the election cycle compared to the Republicans’ $63.9 million.

While the Democrats hold a major overall advantage in resources, their candidates are forced to play defense. With the party having only a 51-49 majority margin, they must protect 23 of the 34 in-cycle Senate states, while Republicans have little to defend. Therefore, despite likely being outspent across the board in the 2024 campaign cycle, the GOP is still in strong position to capture at least a small majority in the upcoming elections.

AIPAC’s $100 Million

By Jim Ellis — Friday, Nov. 24, 2023

House

Rep. Ilhan Omar (D-Minneapolis) again faces a serious primary challenge. / Photo by Gage Skidmore

The “Squad”: Fundraising to Defeat — Recently, the American Israel Public Affairs Committee (AIPAC), in response to the self-identified congressional “Squad’s” ardently pro-Palestinian position and their refusal to condemn the Hamas attacks on Israel, has pledged a cumulative $100 million dollars in an effort to defeat those members at the polls.

The “Squad,” identified as Reps. Ayanna Pressley (D-MA), Rashida Tlaib (D-MI), Ilhan Omar (D-MN), Cori Bush (D-MO), Alexandria Ocasio-Cortez (D-NY), Jamaal Bowman (D-NY), and Summer Lee (D-PA), are the members who’ve drawn AIPAC’s ire. If split evenly, the $100 million commitment translates into more than $14 million per district — a substantial amount of money.

Each of these members represent safe Democratic seats, so if they are to be defeated it will be in their respective Democratic primaries. All of their districts, with the exception of Rep. Lee’s Pennsylvania seat, fall into the range of D+40 to D+73 according to the FiveThirtyEight data organization. Rep. Lee’s Pittsburgh-anchored district is rated D+15. President Joe Biden carried the six most Democratic of these seats with percentages ranging from 71 thru 86. The president recorded a 59-39 percent victory margin in Rep. Lee’s CD.

Since AIPAC wants to spend this kind of money, they will have no choice but to operate through a Super PAC and operate independently with no coordination or communication between their organization and any candidate. In addition to running an attack campaign against their targets, they also could promote positive messages for Squad opponents so long as they don’t coordinate with the campaign.

The fundamental question, however, is whether any of these members are vulnerable to a primary challenge, even with opponents who will have substantial resource backing. It appears some could be on the precipice of losing.

Minnesota’s Rep. Omar is the most notable and seemingly the most vulnerable of the Squad members. In 2022, former Minneapolis City Councilman Don Samuels held the congresswoman to only a 50.3 – 48.2 percent win. In that election, Rep. Omar outspent Samuels, $3.22 million to $1.38 million. In the coming 2024 August primary, considering AIPAC’s large investment, the resource balance will likely turn heavily against the incumbent.

Rep. Bush also has a credible opponent. In the past month, former St. Louis County prosecutor Wesley Bell left the Senate race and declared himself a Democratic primary challenger to Bush. In 2022, Rep. Bush faced four Democratic opponents, including state Sen. Steve Roberts (D-St. Louis) but easily won renomination with 69.5 percent of the vote. Both she and Sen. Roberts spent just under $500,000 on their races. Here, such a large influx of campaign resources against Rep. Bush would significantly help Bell.

Rep. Bowman is the other Squad member who currently faces a serious primary challenge. Westchester County Executive George Latimer is indicating that he will enter the congressional primary. In his current position, Latimer represents almost 91 percent of the 16th Congressional District constituency. Prior to winning his countywide office, Latimer served in the New York Senate and Assembly. Therefore, he is no stranger to running for public office and winning his elections.

Bowman came to office in 2020, defeating veteran Congressman Eliot Engel in the Democratic primary. Now, particularly with serious resources coming into the district, Rep. Bowman could quickly find himself in a similar position as did then-Rep. Engel.

Rep. Lee also may be in trouble for renomination. She won her 2022 Democratic primary with only a 41.9 – 41.0 percent margin over attorney Steve Irwin. In the general election, she under-performed the district’s vote history in attaining only 56.2 percent of the vote. Some of that could be attributed to her Republican opponent’s name, Mike Doyle. The Democratic Mike Doyle had represented the congressional district for the previous 28 years.

Currently, Edgewood Borough Councilwoman Bhavini Patel is the only announced Democratic candidate against Rep. Lee. She entered the open race in 2022 but withdrew before candidate filing expired. Running next year with plentiful anti-Lee resources flowing into the district could make Patel a serious candidate. PA-12 is the only district of these seven that might be competitive in the general election, though a Republican winning here would still be a long shot. Republican Mike Doyle is a possibility to return.

At this time, Reps. Ocasio-Cortez, Pressley, and Tlaib, have no declared Democratic opposition, but the AIPAC announcement could stir certain individuals in these districts toward action. The most difficult of these members to defeat would likely be Rep. Ocasio-Cortez. A prodigious fundraiser (Sept. 30 cash-on-hand disclosure: $5.4 million), she would likely be able to match the AIPAC dollar effort and whatever money an opponent could directly raise.

Considering the AIPAC effort, these seven members are guaranteed to face an onslaught of activity, which certainly adds more intrigue into this highly combative election cycle.

Q3 Campaign Finance Summary

By Jim Ellis — Wednesday, Oct. 25, 2023

Financials

Fund Raising: Nearly $1 Billion Taken In — Together, the Senate and House campaigns have raised an aggregate of close to $1 billion dollars ($926.5 million to be exact) for the 2024 election cycle. This, according to the Federal Election Commission’s Oct. 15 campaign finance reports for the 3rd Quarter period ending Sept. 30.

Twenty-eight senators are seeking re-election, along with the 55 challenger and open seat candidates, and they have combined to raise just under $443 million for the cycle; the 638 House incumbents and candidates who filed reports combined to record ‘24 cycle receipts of almost $484 million.

As they have done for every reporting period, the Daily Kos Elections statisticians published summary figures for all the candidates.

The combined Senate campaigns raised over $88.3 million (83 total candidates) for the 3rd Quarter and had an aggregate current cash-on-hand figure of $273.5 million. The 28 incumbents raised $44.7 million of the aggregate receipts figure, and the office holders have a combined total of almost $167 million in their respective campaign bank accounts.

The average among the 28 Senators seeking re-election was almost $1.6 million raised for the quarter, with each having an average of just over $6 million in the all-important cash-on-hand category.

According to the Daily Kos Elections data, the House re-election, challenger, and open-seat contenders accumulated just under $161 million for the Q3 fundraising segment. Among the House incumbents, the average raised for Q3 was just under $296,000, while the mean cash-on-hand figure for the reporting incumbents was $1.15 million.

Comparing the Senate Q3 aggregate dollars raised amount of $88.3 million to the Q2 effort, we see an actual decrease of approximately $3 million. On the House side, the combined receipts total of $161 million is about $10 million lower than the aggregate figure for Q2. The slight decreases suggest that less fundraising was done over the summer months as compared to the period ending June 30.

The 2nd Quarter also tends to be the kick-off for the candidates’ next campaign cycle so activity during this period is typically more intense.

Not surprisingly, the top Senate fundraisers were the incumbents and candidates in the most hotly contested campaigns. California Senate candidate, Rep. Adam Schiff (D), led all statewide contenders with $5.9 million raised for the quarter and $21.9 million for the cycle-to-date. He holds a whopping $32 million cash-on-hand.

Senate contenders raising more than $3 million for Q3 were:

  • Sen. Sherrod Brown (D-OH; $5.6 million
  • Sen. Jon Tester (D-MT; $4.9 million)
  • Rep. Colin Allred (D-Dallas; $4.7 million)
  • Rep. Katie Porter (D-CA; $3.4 million)
  • Sen. Bob Casey, Jr. (D-PA; $3.1 million)
  • Sen. Tammy Baldwin (D-WI; $3.07 million)
  • Sen. Ted Cruz (R-TX; $3.06 million)
  • Rep. Ruben Gallego (D-AZ; $3.02 million)

The Senate candidates with the most cash-on-hand at the end of the 3rd Quarter are:

  • Rep. Schiff ($32.1 million)
  • Sen. Tester ($13.0 million)
  • Rep. Porter ($11.9 million)
  • Sen. Joe Manchin (D-WV; $11.3 million)
  • Sen. Sherrod Brown ($11.2 million)
  • Sen. Kyrsten Sinema (I-AZ; $10.8 million)

In the House, as is typically the case, the party leaders are the top fundraisers. Those not in leadership who raised the most in the 3rd Quarter are:

  • Challenger Adam Frisch (D-CO vs. Rep. Lauren Boebert-R; $3.37 million)
  • Rep. Raja Krishnamoorthi (D-IL; $1.2 million)
  • Rep. Nancy Pelosi (D-CA; $1.19 million)
  • Rep. Ryan Zinke (R-MT; $1.17 million)
  • Rep. Elise Stefanik (R-NY; $1.16 million)
  • Challenger Mondaire Jones (D-NY vs. Rep. Mike Lawler-R; $1.14 million)
  • Rep. Eli Crane (R-AZ; $1.110 million)
  • Rep. Ro Khanna (D-CA; 1.09 million)
  • Rep. John James (R-MI; $1.04 million)

It appears the electoral participants are again on a record fundraising pace. It is highly likely that the 2024 election cycle will be the most prolific ever in terms of fundraising and campaign spending.

Projected GOP Presidential Debate Qualifiers; New Senate Candidate in Ohio; Q2 Senate Financials Reported; A Strong CA-9 Candidate Emerges; Indiana Open Gov. Race News

By Jim Ellis — Wednesday, July 19, 2023

President

Debate: Projected Qualifiers — USA Today is projecting that six GOP presidential contenders will qualify for the Aug. 23 debate to be aired on FOX News, while another half-dozen may miss the cut. The candidates meeting the polling and donor requirements are, as expected, former President Donald Trump and Florida Gov. Ron DeSantis. The others are ex-UN Ambassador Nikki Haley, businessman Vivek Ramaswamy, Sen. Tim Scott, and former New Jersey Gov. Chris Christie.

Those on the cusp of failing to meet the participation requirements are former Vice President Mike Pence, ex-Congressman Will Hurd, Gov. Doug Burgum (R-ND), ex-Arkansas Gov. Asa Hutchinson, Miami Mayor Francis Suarez, and commentator Larry Elder.

Senate

Ohio: Sec of State Announces for Senate — As has been long expected, a third major Republican has joined the US Senate primary hoping to advance into the general election to oppose incumbent Sen. Sherrod Brown (D). Frank LaRose was first elected as Ohio’s Secretary of State in 2018 after serving two terms in the Ohio state Senate from the Akron area. He averaged 55 percent of the vote in his two victorious statewide campaigns.

LaRose is the only one of the three GOP candidates – the others being state Sen. Matt Dolan (R-Chagrin Falls) and businessman Bernie Moreno – who has won a statewide race. Sen. Dolan ran for the US Senate in 2022 but lost the Republican primary. Moreno was also in that Senate race but withdrew before voting began seeing no reasonable victory path.

While LaRose is the only statewide official in the race, he begins well behind in the money race. Sen. Dolan has already invested $4 million into his campaign. Moreno reports raising $2.26 million in the 2nd Quarter.

The general election will be difficult since Sen. Brown is a three-term incumbent. The state, however, is significantly more Republican than when the senator last ran in 2018. The ’24 contest is becoming a must-win for the GOP if the party is to capture the Senate majority in the coming election.

Senate Finance: Q2 Dollar Numbers Reported — The 2nd Quarter fundraising numbers have been released, and the 58 reporting Senate candidates in the 34 races attracted a cumulative $91.7 million and have more than $228 million in their campaign accounts. This does not count any money that Super PACs have raised or plan to spend to affect the outcome of the 2024 US Senate electoral contests.

Rep. Colin Allred (D-Dallas) was technically first in funds raised with $8.63 million, but $2.5 million of that total was transferred from his House committee. Rep. Allred’s potential general election opponent, Sen. Ted Cruz (R), ranked sixth overall but first among Republicans. He attracted $3.35 million in financial support.

California Rep. Adam Schiff (D-Burbank) was the net Q2 fundraising leader, bringing in $8.17 million without any transfers from his House account. He also led the all-important cash-on-hand category with a whopping $29.8 million ready to spend on his Senate campaign. The total amounts raised during this early campaign phase suggest that we can expect another hotly contested campaign season next year.

House

CA-9: Republicans Gain Strong Candidate — Stockton Mayor Kevin Lincoln, a Republican elected in a heavily Democratic city, is reportedly preparing an announcement for Thursday indicating he will forego running for a second term in his present position in order to challenge Rep. Josh Harder (D-Turlock) for the US House seat. Rep. Harder was severely redistricted in the 2021 redraw, but still managed to record a 55-45 percent victory over San Joaquin County Supervisor Tom Patti (R). The congressman had a huge 6:1 advantage in resources, which became a key factor in his re-election victory.

The CA-9 district could be one to watch nationally. Republicans must defeat several sitting Democratic incumbents if they are to hold their small House majority and this northern California seat, that the FiveThirtyEight data organization rates as D+8, could be on the cusp of becoming a top-tier conversion target.

Governor

Indiana: Newcomer May Enter Open Gov Race — Indiana Secretary of Commerce Brad Chambers (R) announced he will be resigning his position and it is anticipated that he will quickly declare his gubernatorial candidacy.

Though starting well behind the open race’s two front runners for the Republican nomination and the general election, US Sen. Mike Braun and Lt. Gov. Suzanne Crouch, Chambers, who has the financial ability to self-fund his campaign, may soon become the fourth credible candidate in the field. Venture capitalist Eric Doden also has the ability to attract enough resources to propel his candidacy. Incumbent Gov. Eric Holcomb (R) is ineligible to seek a third term. Sen. Braun is foregoing a second term in the Senate to enter the gubernatorial campaign.