October 29, 2018

MICHAEL BLOOMBERG’S PAC CASH GIVES DEMOCRATS BIG SPENDING ADVANTAGE AHEAD OF MIDTERMS

Democrats are expected to outspend Republicans on House races this election season thanks in part to a last-minute campaign donation from former New York City Mayor Michael Bloomberg’s PAC, The New York Times reported Sunday, citing his adviser.

Democrats are on pace to outspend Republicans — $143 million to $86 million — on television ads for House races. The bulk of that spending came from Bloomberg, who pledged to spend roughly $20 million in House campaign ads in the final week by way of Independence USA, his super PAC, according to the report.

The Democratic National Committee (DNC) has not been so fortunate. The Republican National Committee (RNC) held a fundraising advantage over the DNC earlier this cycle as of September. The party is still trying to rebuild following reports it was in tatters after the 2016 presidential election.

Democratic congressional candidates combined raised over $1 billion this election cycle through September, while Republicans pulled in $709 million. One of those candidates to benefit is Beto O’Rourke, a Democratic representative in the running to unseat Texas Republican Sen. Ted Cruz.

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