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Republicans raise record numbers in December ahead of election year

The Republican National Committee (RNC) raised record numbers for a non-presidential year, pulling in $26.5 million for the month of December, the RNC reported. The sum represents roughly a $6 million increase from the amount raised in November, when the RNC raised a record $20.6 million.

For the year, the GOP brought in a staggering $241.1 million. Combined with the Trump campaign and fundraising committees, the Republicans raised $463.3 million.

In the fourth quarter, the Trump campaign pulled in $46 million. According to Trump campaign manager Brad Parscale, the GOP, fundraising committees, and the Trump campaign pulled in an eye-popping $154 million. 

They head into the 2020 election year with $194.8 million cash on hand.

The RNC says the party increased their cash on hand totals to $72 million between November and December, up from $63.2 million.

Graphic by David Foster/Yahoo Finance

By the end of the third quarter, the Trump campaign held roughly $84 million cash on hand. 

“Americans are investing in a party and a president that are fighting for them,” said RNC Chairwoman Ronna McDaniel.

“They are tuning out the Democrats’ politically motivated impeachment charade and turning out for the president and his record of results. On November 3rd, voters will choose to continue on this path of American greatness by re-electing President Trump and voting for Republicans up and down the ballot,” she said.

Impeachment has proven to be lucrative to the Republican party, which pulled in $5 million on the day the House voted to impeach the president. After House Speaker Nancy Pelosi (D-CA) announced that the House would begin an impeachment inquiry, the Trump campaign was able to raise $1 million in just a matter of hours. 

President Donald Trump speaks during a campaign rally at Drake University, Thursday, Jan. 30, 2020, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)

While Republicans have been doing well, they haven’t been able to match the collective power of the Democratic fundraising platform ActBlue

In January, ActBlue announced that donors had contributed over $1 billion in 2019. In the fourth quarter alone, donors gave $343 million for candidates on the platform.

Kristin Myers is a reporter at Yahoo Finance. Follow her on Twitter.

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