House Minority Leader Kevin McCarthy (R., Calif.) broke the all-time House Republican fundraising record in 2019, significantly boosting his party's 2020 bid to take back control of the House of Representatives.
McCarthy's team raised $52.35 million last year, outpacing the previous record set by former speaker Paul Ryan, who raised $44 million in 2017. Of the funds raised in 2019, more than half has already been transferred to the National Republican Congressional Committee and GOP incumbents.
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"House Democrats are the greatest threat to the greatest economy in our lifetime," McCarthy said in a statement to supporters. "The American people don't want socialism. They want success, and a House Republican Majority in 2021 with a re-elected Trump presidency will be ready to achieve it."
McCarthy also said he expects "another Republican revolution" in 2020, citing high recruitment levels as the determining factor in previous victory waves for the GOP.
In 2010, Republicans fielded more than 770 candidates for election, breaking a 30-year recruitment record for both parties. Republicans have already filed 1,017 candidates for the upcoming 2020 election.
An Economist/YouGov poll conducted last week shows the GOP leading by 11 points with independent voters.