Kevin McCarthy's ouster as House speaker could cost GOP its best fundraiser heading into 2024

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Kevin McCarthy's ouster as House speaker could cost GOP its best fundraiser heading into 2024
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Some in the GOP are wondering if anyone can take Kevin McCarthy's place as a fundraising dynamo and party builder

FILE - Rep. Kevin McCarthy, R-Calif., speaks to reporters hours after he was ousted as Speaker of the House, Tuesday, Oct. 3, 2023, at the Capitol in Washington. McCarthy spent years tirelessly raising mountains of Republican campaign cash as he worked his way toward becoming Speaker of the House. Now that he’s been ousted from the post, some in McCarthy’s party are wondering if all that fundraising will evaporate.

The leadership fund will shift its alignment to follow the new House speaker once one is elected. Paul Ryan replaced fellow Republican John Boehner in 2015. The GOP A bigger test for the next speaker is whether they will be able to raise the same kind of sums as McCarthy for the party’s outside groups, which every year pour millions of dollars into advertising in key races, unburdened by contribution limits for individual campaigns.

He may still prove a force in 2024 races. McCarthy has so far suggested that he’ll continue to bolster the GOP nationally, saying, “My goals have not changed, my ability to fight is just in a different form.”Joe Biden, which Democrats were already targeting and could get even more competitive without the clout that comes with the state having one of its own as speaker.

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