{"id":124417,"date":"2021-02-11T11:06:31","date_gmt":"2021-02-11T16:06:31","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=124417"},"modified":"2021-02-11T11:42:50","modified_gmt":"2021-02-11T16:42:50","slug":"amid-threats-of-corporate-donation-withdrawals-gop-senate-fund-hauls-in-8-3-million","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amid-threats-of-corporate-donation-withdrawals-gop-senate-fund-hauls-in-8-3-million\/","title":{"rendered":"Amid Threats Of Corporate Donation Withdrawals, GOP Senate Fund Hauls In $8.3 Million"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Famid-threats-of-corporate-donation-withdrawals-gop-senate-fund-hauls-in-8-3-million%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=124417&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/02\/GettyImages-1215979646-1-1200x800-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>A wave of major corporations announcing they would no longer donate to Republican candidates prompted numerous media outlets to write about the fiscal problems the GOP would soon face. All of the attention, however, seems to have led to a financial windfall for the party, whose Senate fund reportedly raised $8.3 million in January, largely thanks to small-dollar donations.<\/p>\n<p>The National Republican Senatorial Committee released its <a href=\"https:\/\/e.nrsc.org\/t\/ViewEmail\/j\/B0A82BB75E043F8C2540EF23F30FEDED\/8F8E535319C381503EDEEDC46EB9B960\">fundraising data<\/a> for January, boasting an $8.3 million haul \u2013 $6.8 million of which was raised <em>after<\/em> the Georgia runoffs.<\/p>\n<p>\u201cThe Committee ended the first month of the 2022 cycle with $17.2 million cash on hand. By comparison, in January of 2019, the NRSC raised $5.5 million and had $7.6 million cash on hand,\u201d the NRSC wrote in a press release.<\/p>\n<p>The underlying numbers show the NRSC raised $4.24 million online from more than 85,000 donors \u2013 and an average donation of $32. The committee said it raised more than $100,000 online each day in January.<\/p>\n<p>\u201cThe NRSC starts the 2022 cycle in a strong financial position,\u201d said NRSC Chairman Rick Scott (R-FL). \u201cBolstered by our strength in low-dollar donations, the NRSC is well-equipped to get our message out, support our Republican candidates and fight in the trenches in states across the country. While we know the Democrats\u2019 support for Socialism, higher taxes, more regulation, bigger government and cancel culture is bad for America, it\u2019s certainly motivated patriotic Americans across the country to support the fight for freedom and opportunity.\u201d<\/p>\n<p>As The Federalist <a href=\"https:\/\/thefederalist.com\/2021\/02\/10\/gop-senators-rake-in-8-3-million-in-january-thanks-to-small-dollar-donations-face-planting-corporate-boycott-threats\/\">reported<\/a>, the media \u201cmanufactured fears over the advertised withdrawal of donations from big-name corporations such as AT&amp;T, Nike, Comcast, Dow, Marriott, Walmart, and Verizon\u201d and wrote numerous articles about how the GOP would face a funding problem. The opposite appears to have happened.<\/p>\n<p>Fears about lost corporate financing were overblown, the Federalist reported, because \u201cPolitical action committees headed up by corporations can only donate a maximum of $5,000 annually, a minuscule number in the grand scheme of things.\u201d<\/p>\n<p>\u201cIn the 2019-2020 election cycle, corporate PACs only contributed less than 3 percent of GOP fundraising committee intake,\u201d the outlet added. The outlet also reported:<\/p>\n<blockquote>\n<p><em>In the Republican fundraising ecosystem, corporate PACs are becoming largely irrelevant, replaced by the energy and enthusiasm voters have for former President Donald Trump. Trump has converted the party into a broader base of support that has translated into much higher small-dollar donations from many more people, as the January NRSC receipts show.<\/em><\/p>\n<p><em>\u2026<\/em><\/p>\n<p><em>Small-dollar donations of less than $200 are now at least half of typical Republican campaign dollars. K Street is losing its grip on the Republican Party while consolidating its influence over Democrats.&nbsp;The fact is, many companies have been unclear and purposefully vague about pulling donations, and arguably were vocal after the Capitol breach to save face.<\/em><\/p>\n<\/blockquote>\n<p>The corporations who claimed they would no longer donate also used phrases suggesting they weren\u2019t really serious. Ford, for example, said it was simply suspending contributions \u201cfor now,\u201d as did Charles Schwab. Goldman Sachs and Bank of America indicated they may reverse their decisions in the future. Several other corporations merely said they were \u201creviewing\u201d donations.<\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a<\/em> <a href=\"https:\/\/www.dailywire.com\/subscribe\"><em>member<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A wave of major corporations announcing they would no longer donate to Republican candidates prompted numerous media outlets to write about the fiscal problems the GOP would soon face. All &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1893189,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[4404,6079,6368,3740,4855,6369],"class_list":["post-124417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-amid","tag-corporate","tag-donation","tag-senate","tag-threats","tag-withdrawals"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/124417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=124417"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/124417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1893189"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=124417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=124417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=124417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}