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GOP Dominating Fund-Raising Due To Campaign Finance Law; New soft money ban hurting "fat cat' Dems, helps "little guy' GOP.(A)

Investor's Business Daily

| July 03, 2003 | Higgins, Sean | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: SEAN HIGGINS

Last year's McCain-Feingold campaign finance reform was expected to help Democrats and hurt Republicans. But the big winners so far are Republicans.

At every level, the GOP is outpacing, sometimes crushing, the Democrats. That's upending the conventional wisdom that the GOP is the party for "fat cats."

The Republican National Committee has raised $54.8 million in 2003. The Democratic National Committee has gotten $18.4 million.

The National Republican Senatorial Committee also beat the Democratic Senatorial Campaign Committee, $14 million to $10.6 million. The GOP is widely expected to be ahead in House races, too, when the numbers come out.

"It's a challenge, there's no question," said DNC Chairman Terry McAuliffe at a recent fund-raiser.

To be sure, Republicans benefit from controlling the House, Senate and White House. But McCain-Feingold gives the GOP a big fund-raising edge.

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