The Democrats' House reelection arm outraised their GOP rivals last year, as both major parties build resources ahead of this years battle for the House of Representatives majority.
The Democrats’ reelection arm spotlighted that it started the new year with $82.5 million cash on hand, ahead of the $78.2 million the NRCC reported in its coffers. And showcasing its low dollar fundraising prowess, the DCCC noted that more than $74 million of its contributions were donated by nearly 700,000 grassroots donors.House Democrats are working to hold onto their razor-thin House majority in the upcoming midterms.
"With President Biden and Speaker Pelosi’s leadership, Democrats head into the election year with strong financial support and trust from the American people," the New York Democrat emphasized. House Speaker Nancy Pelosi of Calif., speaks during a weekly news conference, Thursday, Oct. 1, 2020, on Capitol Hill in Washington.
While they enjoy a fundraising advantage at the start of 2022, House Democrats are facing historical headwinds. On average, the party that wins the White House in a presidential election loses more than 25 House seats in the ensuing midterm election. and congressional Democrats to pass sweeping social spending and election reform bills, along with the five-month downward spiral of the president’s poll numbers, are also doing them no favors as they try to retain the majority in November.
Thanks to a surge in announcements the past two months, 26 House Democrats have now said they're retiring at the end of this current term, or bidding for another office, rather than run for reelection. That's twice the number of House Republicans who are not running for reelection.House retirements are often seen as an early barometer of things to come in the midterms.
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