GOP Cash on Hand
by David Kowalski, Thu Apr 20, 2006 at 09:17:13 PM EDT
Republicans currently hold 232 seats in the House. But already over 20 Republicans are retiring, running for other office, or in a few cases resigning under pressure. FEC reports allow the user to specify incumbents, the party, and list (among other things) cash on hand (usually as of 3/31/06).
I've looked at all 50 states containing 215 Republican incumbents Overall, the financial shape of these House oncumbents was much worse than I expected. Only 53 (24.7%) had at least $1 million in the bank as cash-on-hand. Just 63 (29.7%) had from $500,000 to $999,999. The largest group, 99(46.0%) had under $500,000 on hand.
This figures varied a lot from state to state. In the three states with the largest number of GOP incumbents, Florida House members were the richest. Six had $1 million plus, six ranged from $500,000 to under a million, and only four had under $500,000. Of the four, the most vulnerable is Jeff Miller with just $150,456 in the bank. Some rumors have said that one, Bill Young, a 75 year-old with 36 years in the House, may retire. California Republicans (5 at a mill/2 in the half mill/11 under 500 K) and Texas Republicans (5/2/13) are considerably less well off. Combined, 24 of 38 incumbents from these states had less than $500,000 cash-on-hand. (the numbers are those in the million plus, 500 k-999 K, and under 500 K respectively).
The state whose incumbents had the highest percentage of million-dollar Republican incumbents is Kentucky (80%, or 4 of 5, with the other in the middle class. Other states of interest: PA (2/5/5), MI (3/2/4), and OH (3/2/5). The only Indiana Republican in the million-plus group is Chris Chocola.
CA 5/2/11 GA 2/4/2
IN 1/2/3 KY 4/1/0 MN 1/2/0
OH 3/2/5 TN 2/1/0