Obama-Related Debts Weigh Down DNC, While Congressional Democrats Thrive
The two major national party political committees have filed campaign finance reports covering January activity that highlight the persistent debt at the DNC and the $10 million advantage of the RNC.
The DNC Services Corp./Democratic National Committee (DNC) reported it had receipts of $6,649,918 and disbursements of $5,602,134 during January, leaving $5,747,152 cash on hand at the end of January, with $15,906,136 in debts.
The DNC received $3.8 million from contributors giving $200 or less, and $2.6 million from 2,817 itemized contributors giving in excess of $200. They received $190,909 from PACs and other committees.
Some of the individual donors giving the $32,400 maximum were: Warren Buffett (chairman & CEO, Berkshire Hathaway Inc., NE); Dorothy Lichtenstein (president, Roy Lichtenstein Foundation, NY); Edward Snowden (producer, NY); Andrew Tobias (writer, NY); among others.
The DNC spent $1.4 million on direct mail; $397,250 on telemarketing; $525,671 on salaries; among others. The committee made a $400,00 loan repayment on their debt with Amalgamated Bank of New York.
The DNC still owes $8.5 million on loans taken out for the 2012 election. They owe $7.4 million to other vendors including: $1.6 million to Benenson Strategy Group; $587,700 to David Binder Research; $538,405 to Perkins Coie; $425,925 to NGP Van Inc.; $337,009 to Telefund Inc.;$295,547 to Action Mailing Inc.; $297,952 to Chapman Cubine Adams & Hussey; $266,250 to Creative Print Group Inc.; among others.
The Republican National Committee (RNC) reported it had receipts of $7,823,835 and disbursements of $7,164,890 during January, leaving $9,816,604 cash on hand. The committee raised $4.2 million from contributors of $200 or less, and $2.9 million from 3,131 contributors giving in excess of $200.
Individuals donors giving the $32,400 maximum include Richard DeVos (president, The Windquest Group, MI); Melanie Kirkpatrick (journalist, Dow Jones & Co., NY); Shaun McCutcheon (general contractor, Coalmont, AL); among others.
The RNC spent $2.2 million on mail productions and postage; $924,849 on telemarketing; and $795,038 on payroll; among others.
In other filings, the Democratic Congressional Campaign Committee reported receipts of $6.8 million and disbursements of $3.9 million, leaving $32 million cash on hand at the end of January, and no debts.
The National Republican Congressional Committee reported receipts of $6.1 million and disbursements of $3.2 million, leaving $24 million cash on hand at the end of January, and no debts.
