Tags: RNC | DNC | Fundraising | Rove

RNC Trounces DNC in Recent Fundraising

Friday, 21 Sep 2012 02:26 PM

By Newsmax Wires

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The Republican National Committee (RNC) is scoring a huge fundraising advantage over its Democratic counterpart, the latest federal filings show.

The RNC raised $35.6 million in August, nearly three times the $13.6 million brought in by the Democratic National Committee (DNC), Politico reports.

The gap is truly monstrous when it comes to cash on hand. The RNC had $75.6 million as of Aug. 31, more than 10 times the DNC total of $7.1 million.

The RNC spent $47.8 million in August, while the DNC spent almost $22 million. As for debt, the RNC owes nearly $10 million to BB&T, while the DNC owes $11 million, mostly to Amalgamated Bank.

In other good fundraising news for the GOP, American Crossroads, the Karl Rove-linked super PAC, garnered $9.4 million in August, up from $7.1 million in July, Politico reports. The group has $32 million in cash on hand.

Some of the biggest donations last month came from Bob Perry, president of Perry Homes, $2 million; Clayton Williams Energy of Texas, $1 million; and B. Wayne Hughes, chairman of Spendthrift Farm, $1 million.





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