Republicans seek independently wealthy candidates to run for Senate

Republicans are looking for well-to-do candidates to support in the upcoming election cycle as they try to win the Senate majority. The National Republican Senatorial Committee is specifically targeting potential candidates who have the funds to self-fund a successful campaign, which will allow the party to allocate their resources to other tight races. According to Politico, the Republicans have identified at least ten wealthy individuals considering running for Senate.

Democrats performed better than expected during the 2022 midterm elections, vastly outraising their Republican counterparts and expanding their majority in the Senate. Relying on self-funded campaigns could be a game changer for Republicans as candidates are not limited by how much of their own funds they use. NRSC chairman Steve Daines is seeking candidates who are wealthy and good fundraisers to recruit for the Senate race. Senate races in West Virginia, Montana, and Ohio are of particular interest to the party, as Democratic incumbents are considered vulnerable in states that Donald Trump won in the 2020 election.

At least two wealthy candidates are lining up to challenge Democrat Sherrod Brown in Ohio, tech executive Bernie Moreno and state Senator Matt Dolan, who spent more than $10.5 million on his failed 2022 primary campaign. In Montana, Tim Sheehy, the founder of Bridger Aerospace, is being pressed to challenge Democrat Jon Tester, who is among the GOP’s top targets. Meanwhile, West Virginia Governor Jim Justice is considering a bid against Democrat Sen. Joe Manchin.

Other candidates being considered by Republicans include Eric Hovde, a Wisconsin real estate executive; Karrin Taylor Robson, a land-use attorney and developer in Arizona; David McCormick, a former hedge fund CEO in Pennsylvania; and Kevin Rinke, a businessman in Michigan. The 2024 election cycle has a total of 34 Senate seats up for grabs, with the Democrats defending 23, compared to just 11 for Republicans. Republicans are aiming to flip some crucial Senate seats to shift the balance of power in the upper chamber.

With Democrats holding a slim 51-49 majority in the Senate, Republicans need only to flip one seat to have a majority if they win the White House in 2024. If Republicans do not regain the Oval Office, they need to secure just two extra Senate seats to have a majority.

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