As he prepares for a tough general election against a yet-to-be-determined opponent, U.S. Representative David Trone (D-Md.), whose entire political career has been driven by his personal wealth, has lost $10 million from his own wealth in the campaign at the end of June – a reminder that his resources can be a buffer against any adverse political winds.
Trone spent more than $1.3 million between April 1 and June 29, according to recently filed campaign finance reports, and kept $10,760,327 in his campaign account at the end of June. That eclipsed the cash available to leading Republican candidates running in the July 19 six-party primary. Trone reported campaign debts of $13 million, all from loans he made to his campaign.
Of the. Neil C. Parrott (R-Washington), who was the 2020 GOP nominee against Trone, said $344,756 in the bank as of June 29, having raised $140,119 since April 1 and spent $57,148 during that period.
Matthew Foldi, a former conservative media reporter who only recently entered the race but walked out of the gate with a remarkable array of endorsements, said he has raised $186,896 since April 1 and has $98,800 in hand on June 29 after spending $124,274. He loaned his campaign $35,800 during that time.
Foldi has racked up endorsements in recent weeks from several Republican congressional leaders, including House Minority Leader Kevin McCarthy (R-Calif.), and also recently garnered support from Gov. Lawrence J. Hogan Jr. (R ).
Despite Trone’s millions, money won’t be everything in the general congressional election. It’s shaping up to be a good year for Republicans, and congressional redistricting has put more conservative territory in the 6th District, removing a good chunk of the Montgomery County portion of the district and replacing it with all of Frederick County. .
Even with his personal fortune, amassed as CEO of national liquor store chain, Total Wine and More, Trone received a recent $4,000 campaign contribution from House Speaker Nancy Pelosi (D -Calif.) and $5,800 from Charles Wagner, a California winery. owner.
A week ago, the Cook Political Report ranked the 6th District race in the “Lean Democratic” column.
The Policy Tip Sheet lists 81 House races across the country to be competitive to one degree or another. Besides the 6th District, no other Maryland race scores a mention on the list — meaning handicappers don’t expect, at this point, seats to move from party to party.
Here’s a look at fundraising in other Maryland congressional districts:
Democrat Heather Mizeur, a former state delegate, overtook Rep. Andy Harris, the lone Republican in the state’s congressional district, this election cycle — and that was true for the last reporting period as well.
Since the start of the cycle, Mizeur reported raising $1,954,067 versus $1,341,558 for Harris. Between April 1 and June 29, she raised $248,179, while Harris raised $162,821.
But Harris, who is seeking his seventh term, has no major primary opponent and had more money than Mizeur at the end of June: $1,849,850 to $1,103,317.
Mizeur faces off in the Democratic primary with David Harden, a national security consultant who was the subject of a flattering New York Times Opinion profile last week. Harden has brought in $37,162 in hand as of June 29, having raised $55,756 since April 1.
Nicolee Ambrose is the clear favorite of the GOP when it comes to fundraising, and she remains the pick of most of the Republican establishment. Ten-term representative Dutch Ruppersberger (D) keeps a huge war chest.
Ambrose, the Republican National Committee member from Maryland, said she raised $165,409 between April 1 and June 29 and ended the reporting period with $105,141 in hand.
Ambrose reported a $5,000 contribution from Citizens United — a national conservative organization led by Republican National Committee member David Bossie from Maryland — and a $5,000 contribution from the Conservative Leadership PAC, a political action committee that tries to convince young voters to support the Conservative candidates. Harris contributed $4,000.
Ellen “EJ” McNulty, a former Hogan administration official who is also seeking the seat in the Republican primary, brought in just $3,934 in hand.
Ruppersberger was sitting on $1,386,227 as of June 29.
Eight-term incumbent Rep. John Sarbanes (D) had just under $1 million in his war chest on June 29 – $978,748 – eclipsing the campaign treasure of the most prominent Republican in the five-party primary , former radio host Yuripzy Morgan. She declared $24,660 on hand.
Leading Democrats, former Prince George’s County State’s Attorney Glenn Ivey and former Rep. Donna Edwards, are roughly tied financially, but he has the edge: $321,127 in hand to 243,247 $. Much of the race’s expenses come from outside sources.