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GOP committees raise $1.2 billion through joint fundraising committees
The 2020 election cycle has seen a slew of records broken, from individual races to total spending. Joint fundraising committees are also setting fundraising records this year, and it’s one area where Republicans — especially those running for U.S. Senate — are leading the way. Joint fundraising committees have raised $2 billion this cycle, a jump from 2016’s record-breaking $1.2 billion haul. Republican candidates are leveraging the power of joint fundraising committees to gain financial support.
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In “toss up” race, Texas donors favor Trump over Biden
Democrats are intensifying their efforts to win Texas’s 38 electoral votes just one week before the election, but Texans are favoring the Republican presidential ticket with their political cash. President Donald Trump’s campaign has received $51.6 million from Texans, while former Vice President Joe Biden’s campaign has taken in $36.1 million. Both parties’ nominees have received far more from Texans compared to last cycle. In 2016, Hillary Clinton received $21.8 million from Texans, while Trump raised just $13.7 million.
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Lobbying spending stagnated in Q3 as stimulus deal faltered
Lobbying spending remained flat in the third quarter of 2020 as lawmakers failed to come to an agreement on another stimulus package to address devastating economic damage caused by the COVID-19 pandemic. From July through September, federal lobbying spending totaled $832 million, down slightly from the $856 million spent during the same period last year. That’s according to OpenSecrets’ lobbying section, which tracks efforts to influence Congress and the federal government.
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