To: longnshort who wrote (344049 ) 7/24/2007 3:21:21 PM From: tejek Respond to of 1578202 Dems’ House Fundraising Busted Out All Over in June By Greg Giroux | 7:30 PM; Jul. 23, 2007 In the world of political fundraising, a calendar year is roughly divided into four three-month quarters. And political party leaders like to end each quarter with a bang, with big money numbers that show off their fundraising prowess — and, they hope, raise confidence among their party’s supporters and encourage them to pour even more cash into the coffers during the next quarter. That is something the Democratic Congressional Campaign Committee (DCCC) accomplished during the latter part of the year’s second quarter, which concluded June 30. The Democrats’ national House campaign unit raised $10.4 million in June to extend its advantage over its partisan counterpart, the National Republican Congressional Committee (NRCC). According to reports filed Friday with the Federal Election Commission (FEC), the DCCC — which is defending the House Democrats’ 233-202 operational advantage in House seats — raised $36.4 million in the first half of this year. And in doing so, it outdid the NRCC, which took in $5.9 million in June and a total of $29.5 million in the first six months of this year. There is a much bigger imbalance between the two party committees in their spending, giving the Democrats a greater edge in resources going forward. The DCCC has spent $17.6 million this year, compared with $28.9 million for the NRCC. That has allowed the DCCC to build a much larger cash reserve — $19.5 million as July began, compared with just $2 million for the House GOP committee. In June alone, the DCCC spent just $2.4 million, or $8 million less than it received. The NRCC, by contrast, spent $5.7 million in June, nearly as much as it raised. A big chunk of the NRCC’s June spending is attributable to a $2.4 million loan repayment. The NRCC now has $4.35 million in debts; the DCCC last month made a $416,500 loan repayment, lowering its overall debts to $4.1 million. The DCCC had a big June in part because of the more than $3.1 million in contributions it received from the campaign committees of House Democrats. It is not a coincidence that the seven most generous contributions to the DCCC last month came from members of the leadership or from committee chairmen: Not only do these senior members have greater access to campaign cash, they are expected to pony up big bucks to the DCCC, which as a national party committee can accept unlimited funds from the campaign committees of members of Congress. Charles B. Rangel of New York, chairman of the tax-writing Ways and Means Committee, transferred $250,000 last month from his campaign account to the DCCC, bringing his total contributions to the committees this year to $485,000. James E. Clyburn of South Carolina, who ranks third in the Democratic hierarchy as majority whip, transferred $200,000, bringing his year-to-date contributions to the DCCC to $585,000. Speaker Nancy Pelosi of California also transferred $200,000 to the DCCC last month; her campaign committee has sent the committee $385,000 so far this year. Yet the DCCC also had the edge over the NRCC in raising money from individual donors. A total of 57 individuals gave $28,500 to the DCCC last month, the maximum annual individual contribution allowed by law. Just three individuals donated the maximum $28,500 to the NRCC in June.cqpolitics.com