Frontline no corporate PAC Democrats outraised their frontline colleagues who take corporate PAC money for 20th straight quarter and go into 2024 in stronger financial position
Fourth quarter fundraising numbers for 2023 are in and it wrapped up yet another successful year for reformers refusing corporate PAC money. Going into 2024, FEC filings show that Democrats who reject corporate PAC money in battleground districts––the most competitive races in the country––outraised candidates who accept corporate PAC money by an average of $350,000 and ended the year with an average of $235,000 more cash on hand.
This marks the 20th consecutive quarter of no corporate PAC Democrats outraising their colleagues, proving once again that rejecting corporate PAC money galvanizes grassroots support and is not a financial barrier to winning.
2023 Averages:
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Frontline members who refuse corporate PAC contributions raised $349,923 more than members who don’t refuse corporate PAC contributions.
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Frontline members who refuse corporate PAC contributions had $234,751 more cash on hand than members who don’t refuse corporate PAC contributions.
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6 of the top 10 Frontline fundraisers in Q4 are no corporate PAC members.
“These reformers continue to prove that the conventional wisdom in Washington is wrong. Refusing corporate PAC money does not in any way hinder candidates’ ability to raise money, especially in the most competitive races in the country, and we have five years of data to back it up,” said End Citizens United President Tiffany Muller. “In an election cycle where protecting democracy is top of mind for voters, taking a stand against corporate special interests is good policy and good politics.”
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