Trump bankrupting Republican Party
Cash receipts show the GOP’s coffers are drained because of lack of fundraising.
According to Open Secrets, RNC contributions are at their lowest point since before 2004:
Virtually every category of receipts shows a decline this year. Contributions from individuals where the amount given is less than $200 (the “unitemized” category) is less than half what it was in July of 2004, 2008 and 2012. There is a similar decline in direct contributions of larger amounts where specific information about the donor is included in the report. These itemized contributions total much less than July 2004 and 2008 and are even smaller than July 2012 when joint fundraising became much more important…
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People often look at cash balances and the end of the month to get a feel for how a committee is positioned for future spending. Here too, the RNC on July 31 was strikingly short of its own status on the same date in past campaigns. At a time when $70 to $90 million is the norm, the RNC finds itself with only $34.5 million in the bank.
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