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GOP recruiting self-financing candidates

The New York Times reports: Confronting an enormous fund-raising gap with Democrats, Republican Party officials are aggressively recruiting wealthy candidates who can spend large sums of their own money to finance their Congressional races, party officials say.

At this point, strategists for the National Republican Congressional Committee have enlisted wealthy candidates to run in at least a dozen competitive Congressional districts nationwide, particularly those where Democrats are finishing their first term and are thus considered most vulnerable. They say more are on the way.

These wealthy Republicans have each already invested $100,000 to $1 million of their own money to finance their campaigns, according to campaign finance disclosure reports and interviews with party strategists. Experts say that is a large amount for this early in the cycle. ...

Party strategists note that a 2002 rule known as the millionaires’ amendment has tended to discourage wealthy candidates from pouring large sums into their own campaigns early on. The rule raises campaign contribution ceilings to candidates whose opponents spend large amounts of their own money. -- Short of Funds, G.O.P. Recruits the Rich to Run - New York Times

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