As the Senate race between Democrats, Republicans and their outside allies' heats up, all parties across the country are at par with each other in the money race, according to The Hill.
Though Senate Republicans are expected to spend slightly more than Democrats, it is unlikely to have an impact on swing-state races. According to political strategists, what will prove more important will be voter turnout, the margin of victory for the next president and the performance of the individual Senate candidates.
Senate Democrats raised concern last month over a significant cash advantage for Republicans, The Associated Press reported.
"It's worrisome," the No. 2 Senate Democrat, Dick Durbin of Illinois, said on the GOP money advantage.
Durbin expressed "mixed reviews" of the Senate map: "Solid, quality candidates, good campaigns but a massive infusion of Republican money in the last few weeks, and we are working overtime to try to keep up with it."
Meanwhile, Senate Republicans point out that claims of disparity in fundraising from Democrat lawmakers is "exaggerated."
"Democrats have the ability to tap what seems like unlimited cash. They say the sky is falling and Republicans are going to outspend us, but that's just a way to just generate more fundraising appeals for them," a Senate GOP strategist said.
"The states where there is a disparity of spending are states where the Democrats are losing and checking out of," the GOP added, referring to Senate races in Ohio and Florida. "They will marshal the resources to be on the air and have parity in competitive races. Ultimately, the question is how the money is going to be spent."
Meanwhile, political experts, who don't have any inclination towards a particular party, also agree the fundraising disadvantage does not amount to what Democratic leaders actually claim.
"I think Democrats are putting too much stock in the idea that they're getting roundly outspent," Jennifer Duffy, senior editor at the Cook Political Report, told the Hill.
According to the report, the Democratic Senatorial Campaign Committee (DSCC) has more cash on hand than its counterpart, the National Republican Senatorial Committee (NRSC). While DSCC showed $34 million cash in hand at the beginning of September, the NRSC reported $11.9 million.
Democratic candidates also revealed huge fundraising hauls in the third quarter, the report said.
Pennsylvania Senate Democratic candidate Katie McGinty reportedly amassed $5.2 million over the last three months for her race against Sen. Pat Toomey. She additionally raised $1.1 million for the state Democratic Party.
While former Democratic Sen. Russ Feingold of Wisconsin raised $5.2 million in the third quarter, North Carolina Democratic candidate Deborah Ross raised $4.25 million.
However, the cash advantage enjoyed by DSCC and individual candidates like McGinty and Ross, will be made equivalent to the spending of Republican third-party groups.
Last month in Indiana, outside GOP-allied groups spent $5 million as they helped Rep. Todd Young who spent a mere $1.3 million in partnership with the NRSC. Meanwhile, Young's opponent, Sen. Evan Bayh of the Democratic Party, along with the DSCC spent $3.2 million.
The DSCC spent $1.5 million on independent expenditures in Indiana, compared to the $175,000 spent by the NRSC.
Eventually in the race, strategists and non-partisan experts say the money shelled out by both sides is almost even. "Whatever Democrats spend in the final month will be matched dollar for dollar," Duffy, of the Cook Political Report, said.
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