November 28, 2023

Republican National Committee's Finances Dismal Ahead of 2024 Election Cycle

The Republican National Committee's finances are becoming a concern for the party ahead of the 2024 election cycle, according to a new report.

The Washington Post noted an amount nearly half the level of the Democratic National Committee.

"The RNC reported its lowest amount of cash on hand since 2015 on Oct. 30 at only $9.1 million, compared to the Democratic National Committee’s (DNC) $17.7 million," the Daily Caller noted, citing the Post's report.

"Party members, former President Donald Trump’s advisers, and others involved in the GOP’s efforts voiced concern to the outlet over the RNC’s fundraising, as the committee brought in roughly $20 million and $61 million during the same points in the 2016 and 2020 election cycles, respectively," it added.

“It’s a revenue problem,” Tennessee RNC member Oscar Brock told the outlet.

“We’re going through the same efforts we always go through to raise money: the same donor meetings, retreats, digital advertising, direct mail. But the return is much lower this year. If you know the answer, I’d love to know it. The staff has managed to tighten down on expenses to keep the party from going into the red," he continued.

The report also follows a recent controversy as GOP presidential candidate Vivek Ramaswamy called for Ronna McDaniel to step down from leadership.

The challenge came after lackluster results in the off-year 2023 elections after a failed "red wave" in the 2022 midterms.

The financial hits also concern conservatives who see Democrats outraising Republicans in an effort to gain an advantage in next year's elections.

The RNC is looking rough at the moment, standing in need of new vision and fundraising strategies to better compete with the left in the days ahead.

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