Trump Powers GOP to Raise Twice as Much as Democrats in 2017By and
Republicans raised $132.5 million, a non-election year record
Cubs co-owner Ricketts succeeds Wynn as party finance chair
The Republican National Committee raised twice as much as its Democratic counterpart last year, boosted by the fundraising power of having President Donald Trump in the White House.
The RNC said it raised $132.5 million during the first year of Trump’s presidency, a record in a non-election year. The Democratic National Committee reported $65.1 million in a filing with the Federal Election Commission.
The RNC also said in a statement on Wednesday that it has selected Chicago Cubs co-owner Todd Ricketts to succeed billionaire casino mogul Steve Wynn as the party’s top fundraiser, confirming a report Tuesday by Bloomberg News. Wynn resigned Saturday after reports that he had engaged in multiple instances of sexual misconduct.
"I look forward to raising the resources to support the president, Speaker Paul Ryan and Senate Majority Leader Mitch McConnell to continue the Republican Party’s successful agenda of reducing taxes on all Americans and creating jobs and opportunity," Ricketts said in a statement.
Trump welcomed Ricketts to the post, saying he “will be a great addition to the Republican National Committee," in a statement provided by the RNC, which will vote on the choice on Friday during its winter meeting in Washington.
As of Dec. 31, the RNC said it had $38.8 million in the bank as the 2018 congressional midterm campaign gets underway. That’s almost six times more than the $6.5 million reported by the DNC. The RNC also reported zero debt, while the DNC owes $6.1 million.
Wynn’s robust Rolodex and celebrity status helped with the party’s fundraising, but he wasn’t alone. Ronna McDaniel, the RNC chairwoman, traveled to 24 states plus the District of Columbia to drum up donations for the party and spent hours working the phones talking to donors, a person familiar with her work said.
— With assistance by Jennifer Jacobs