GOP Shatters Records with Unprecedented Third Quarter Fundraising Haul

House Speaker Mike Johnson shatters GOP fundraising records, amassing $27.5 million in the third quarter of 2024.

At a Glance

Johnson raised $27.5 million, setting a new GOP record for a House Speaker in an election year
$19.4 million went to his campaign committees, $8.1 million to Republican members and candidates
Johnson has visited over 210 cities in 40 states to support GOP candidates
Combined with the Congressional Leadership Fund, over $100 million was raised in Q3

Record-Breaking Fundraising Haul

House Speaker Mike Johnson has set a new benchmark for Republican fundraising, announcing a staggering $27.5 million haul for the third quarter of 2024. This unprecedented achievement marks the highest amount raised by a Republican Speaker in the third quarter of a presidential election year, signaling a significant shift in GOP fundraising capabilities.

The funds collected by Johnson are strategically allocated, with $19.4 million directed towards his campaign committees and $8.1 million earmarked for individual Republican members and candidates. This distribution underscores Johnson’s commitment to not only strengthening his position but also bolstering the broader Republican presence in the House.

In less than one year as Speaker, I’m thankful that we have been able to build a team and set new fundraising records that will ensure House Republicans can keep and grow our majority.

Now with less than one month until the most important election of our lifetimes, another…

— Mike Johnson (@MikeJohnson) October 14, 2024

Surpassing Previous Records

Johnson’s fundraising prowess becomes even more apparent when compared to his predecessors. The last Republican Speaker during a presidential election year, Paul Ryan, raised $15.4 million in the third quarter of 2016. Johnson’s $27.5 million haul represents a substantial increase, demonstrating the current Speaker’s effectiveness in mobilizing financial support for the party.

While Johnson’s achievement is remarkable, it’s worth noting that it doesn’t break the all-time quarterly record for a Republican leader. That distinction still belongs to Kevin McCarthy, who raised $31.5 million in the first quarter of 2022. Nevertheless, Johnson’s performance is particularly impressive given the context of a presidential election year, traditionally a more challenging fundraising environment.

Strategic Allocation and Campaign Efforts

Johnson’s fundraising success extends beyond mere numbers. Since assuming the role of Speaker, he has transferred $26 million to the National Republican Congressional Committee, demonstrating his commitment to strengthening the party’s overall position. This strategic allocation of funds is crucial as Republicans work to close the financial gap with Democrats before the upcoming election.

Speaker Mike Johnson (R-La.) announced a $27.5 million fundraising haul for the third quarter of the year, a sum that is welcome news for Republicans hoping to keep control of the House as they enter the final stretch of the campaign.https://t.co/4Ur739MeMa

— WGN TV News (@WGNNews) October 15, 2024

In addition to his fundraising efforts, Johnson has embarked on an ambitious campaign tour, visiting over 210 cities across 40 states. Currently on a 24-state tour in October, the Speaker is actively supporting Republican House members and candidates, showcasing his hands-on approach to building and maintaining GOP support across the nation.

A Broader Fundraising Success

Johnson’s individual success is part of a larger fundraising triumph for the Republican Party. The Congressional Leadership Fund, a super PAC aligned with House GOP leadership, raised an impressive $81 million in the same quarter. Combined with Johnson’s efforts, this brings the total raised to over $100 million in the third quarter alone, providing a substantial war chest for the upcoming election cycle.

This fundraising success is pivotal for Republicans as they prepare for the highly competitive 2024 election. With these resources, the party is better positioned to support candidates, fund campaign initiatives, and compete effectively against their Democratic counterparts. Johnson’s record-breaking quarter not only cements his position as a formidable fundraiser but also signals a potential shift in the financial dynamics of the upcoming election.