McConnell-Aligned PAC Raises $111 Million in Third Quarter
Senate Republicans’ top super PAC raised more than $1 million on average each day during the third quarter of 2022, pulling in $111 million between July and September.
The Senate Leadership Fund, which is closely associated with Senate Minority Leader Mitch McConnell (R-KY), nearly doubled its total haul for this midterm cycle and has raised $221.4 million total to date, according to the New York Times. Much of the money will likely target battleground Senate races in the final weeks before the midterm elections.
MIDTERMS 2022: LIVE UPDATES FROM THE CAMPAIGN TRAIL AHEAD OF CRUCIAL ELECTION
“Our donors are fired up about slamming the brakes on Joe Biden’s disastrous left-wing agenda,” SLF President Steven Law said in a statement. “We are hammering Democrats on inflation, gas prices, taxes and crime.”
The SLF has already spent $148 million on races in Pennsylvania, Nevada, Georgia, Wisconsin, North Carolina, New Hampshire, and Ohio. Contributors to the group’s earnings include $20 million from the associated nonprofit group One Nation.
The SLF is reportedly in talks with billionaire venture capitalist Peter Thiel about matching contributions to help Blake Masters in Arizona. According to Axios, the PAC was considering the idea but said it hadn’t fundraised to match a possible donation from Thiel.
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Republicans are spending heavily as key Senate races are within the margin of error in polling. A cash influx from the Senate PAC could give a necessary boost in advertising as voters decide which candidates to support.
Republicans need a net gain of just one Senate seat to take the majority in the upper chamber.
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