RNC Statement on the RNC’s Desperate Financial Situation

In response to RNC’s dire financial situation, the RNC released the following statement on behalf of the DNC: 

“Here’s the honest truth: things aren’t looking too good for Republicans. The Democrats are outraising us. They will be able to buy ads in markets we can’t afford, and they will OUTSPEND US.”

We agree.

Take a look for yourself:

The RNC is in disarray after some of its worst fundraising numbers in decades headed into an election year.

Fox News: “Democrats hold vast fundraising advantage as Republicans face cash problems, disarray in crucial swing states”

“According to year-end reports filed with the Federal Election Commission (FEC) this week, the Democratic National Committee (DNC) holds nearly three times the cash on hand reported by the Republican National Committee (RNC), and brought in nearly three times as much fundraising in the final month of 2023.

“The RNC reported its worst fundraising year since 2013 raising just $87.2 million in 2023, and starting 2024 with just over $8 million in cash on hand. If adjusted for inflation, the RNC’s fundraising was last this low in 1993 — before the 2002 McCain Feingold Act restricted political committee fundraising from corporations and capped donations from individuals.”

Washington Post: “The Republican National Committee continued to show signs of financial strain when compared with the war chest of the Democratic National Committee, reporting just $8.7 million in cash on hand to the DNC’s $24 million.”

Axios: “The Democratic National Committee also maintained its cash advantage over its Republican counterpart. The DNC raised $17.4 million in January and ended the month with $24 million in cash on hand. The Republican National Committee raised $11.6 million and closed the month with $8.7 million in cash on hand.”

Axios: “The RNC reported this week that it had its worst fundraising year in almost a decade last year — entering 2024 with just $8 million in cash. Trump’s comments are a sign of him flexing muscle as the de facto head of the GOP, even though the soonest he could clinch the nomination is March.”

Most recently, Donald Trump endorsed his daughter-in-law Lara to be co-chair of the RNC, and “senior Republican officials are concerned.” 

ABC News: “Trump endorses daughter-in-law Lara Trump for RNC co-chair”

Politico: “Several senior Republican officials are concerned that Donald Trump’s expected takeover of the RNC will ultimately pave the way for the committee to once again cover his legal bills.”

Associated Press: “Lara Trump says she thinks GOP voters would like to see RNC pay Donald Trump’s legal fees”

The Hill: “Lara Trump says she’d spend ‘every single penny’ of RNC funds to elect father-in-law”