Page 7 - ISQ UK_October 2017
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OCTOBER  2018

                                         The Midterm March to Majority

                                             Due to the current composition of the Senate,
                                          Democrats face an uphill battle to obtain the majority.


                                           51                                 49
                                       REPUBLICANS        TO HOLD         DEMOCRATS
                                                         MAJORITY:
                                                            51
                                                           SEATS





                      4 Competitive                                                        11 Competitive
                   Republican Seats                                                      Democratic Seats

                  Arizona   Tennessee                                                 Florida      North Dakota
                  Nevada   Texas                                                      Indiana      Ohio
                                                                                      Michigan     Pennsylvania
                                                                                      Missouri     West Virginia
                                                                    NEED 2            Montana      Wisconsin
           HOUSE AND SENATE BY THE NUMBERS                           SEATS            New Jersey
           Members of the House of Representatives serve a two-year term,
           and  all  435  members  are  up  for  re-election  in  November.
           Republicans  currently  enjoy  a  44-seat  majority  with  237  seats
           compared to 193  seats for Democrats. Five  seats are  currently   Generally,  the  lower  the  President’s  job  approval  numbers,  the
           vacant.  The  party  with  at  least  218  seats  has  a  majority  in  the   worse  the  President’s  party  performs  in  the  election.  In  2018,
           House.                                               President Trump has consistently polled a net disapproval rating
                                                                with the latest available data showing a net disapproval rating of
           Senators serve six-year terms and one-third of the Senate is on the   9.3%. Comparatively, President Obama’s net disapproval reached a
           ballot every two years. This year that number is elevated to 35 of   high of 5.3% at the same point in his first term leading up to the
           the 100 senators due to an early retirement and resignation of two   2010 midterm elections, which saw Republicans gaining 63 House
           senators. Republicans hold 51 Senate seats, while Democrats hold   seats to claim the majority – the largest swing since 1938.
           47 (along with Bernie Sanders and Angus King, two independents
           who caucus with the Democrats). Given that Vice President Pence   So far  this year,  Democrats have  consistently led in  the  generic
           serves as a tiebreaking vote, Democrats would need to net two   Congressional  ballot,  reaching  a  high  of  12.1%.  Comparatively,
           seats for a majority following November’s election.  Republicans polled as high as 10% in 2010. The current Democratic
                                                                advantage is 6.9%. Democrats are also showing an advantage in
           Although  gaining two Senate seats appears to be an easily   voter enthusiasm, particularly in toss-up states.
           achievable target in the current political environment that suggests
           a Democratic tailwind, Democrats are defending 26 Senate seats   Election  watchers  typically  pay  attention  to  retirements  and
           compared to nine for Republicans. Ten Democrats are running in   candidates seeking other offices ahead of the election cycle to gauge
           states won by President Trump, including ruby red states like North   the candidates’ sentiment. According to Pew Research, the current
           Dakota, West Virginia, Montana, and Indiana. Republicans are only   number of House Republicans voluntarily giving up their seats –
           defending  one  seat  in  a  state  won  by  Hillary  Clinton  (Nevada).   including House Speaker Paul Ryan – is at its highest since 1930.
           Structurally,  Republicans have  the advantage  to maintain  the
           majority in the Senate.                              PROJECTION AND OUTLOOK
                                                                Based  on  the  current  trajectory  and  historical  comparisons,  our
           The midterm elections are historically challenging for the incumbent
           party. Since 1938, the party holding the White House has lost seats   base case for the 2018 midterms is Republicans retaining a Senate
           in Congress in all but two midterm election cycles. The average loss   majority with the House switching to Democratic majority control. A
           for the incumbent party is 26 House seats.           Republican Senate and a Democratic House could potentially create


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