Steve Israel of New York is the chairman of the DCCC. (Douglas Graham/CQ Roll Call File Photo)
House Democrats don’t have much in their favor in the upcoming elections — except their bank accounts.
There’s a sour national political environment, a history of the president’s party losing seats in midterms and an unfavorable congressional map drawn mostly by Republicans. But less than four months before Election Day, it’s clear that House Democrats have a major financial advantage among their candidates and committees that is already translating to television airtime for the fall.
On average, Democrats in competitive House races have more than one-third more in the bank than their Republican opponents, according to a CQ Roll Call tabulation of the most recent fundraising reports due Tuesday to the Federal Election Commission. Across 59 House races considered remotely competitive by CQ Roll Call, Democratic candidates and incumbents had, on average, $955,000 in the bank, while Republicans had an average of $667,000 in the bank.
It’s unlikely Democrats can net the 17 seats necessary to take control of the House this November, so party operatives are trying to mitigate any massive losses this year as part of a long-term, multi-cycle plot to win the majority. Meanwhile, Republicans aim to extend their majority to a modern-history record of 245 seats — and they believe the financial gap could leave a handful of seats on the table this year. Full story