Republican fundraisers say Bloomberg cash will be less effective this election cycle

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Michael Bloomberg plans to spend $60 million on House races to lock in and expand the Democratic majority, but Republicans say the largesse won’t be as effective as in 2018.

Bloomberg’s donation includes spending on digital and TV ads to help 20 first-term Democrats who the billionaire former Democratic presidential candidate aided with outside money two years ago, helping the party capture its first House majority in eight years.

Contributions by the financial data mogul and former New York City mayor will be distributed to his Independence USA organization as well as to the House Majority PAC, a group aligned with House Speaker Nancy Pelosi, a California Democrat.

House Republicans would need a net gain of 19 seats to win back the House majority, an uphill climb since Democrats have a cash advantage, and party nominee Joe Biden leads President Trump in the polls.

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