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Posts in "PACs"
July 16, 2014
Super PACs collect contributions in unlimited amounts for making independent expenditures, and new disclosure reports show some donors are willing to write a check for a quarter of a million dollars, or more.
American Bridge 21st Century, a Democratic-oriented super PAC reported the following major donors: Mark Heising, investor, Medley Partners Management CA), $500,000; Ann Earhart, investor (CA) $400,000; Susie Buell, retired (CA) $250,000; Amy Fowler, author (NY) $250,000; and Phillip Ragon, founder, InterSystems (MA) $250,000.
Friends of Democracy, a Democratic-oriented super PAC reported receiving $500,000 from Jonathan Soros, CEO, JS Capital Management LLC (NY).
Americans for Common Sense, a Republican-oriented super PAC, reported receiving $500,000 from Angelo Tsakopoulos, chairman, AKT Development (CA).
Character Counts PAC, a Republican-oriented super PAC, reported receiving $322,000 from Gary Davis, president, AAT Carriers(TN).
Americans for Responsible Solutions PAC, a super PAC formed by former Rep. Gabrielle Giffords, D-Ariz., reported receiving $250,000 from Kelly Dale, homemaker (CA). They also received $100,000 from Louis Bacon, CEO of Moore Capital Management (NY).
West Main Street Values PAC, a Republican-oriented super PAC, reported receiving $250,000 from Michael Bloomberg, president of Bloomberg Inc. (NY).
July 14, 2014
Former Vice-Presidential nominee Sarah Palin is covering her ongoing political expenses with the help of retirees and others providing small donations to her PAC.
Sarah PAC, the political action committee of Sarah Palin, the former Republican nominee for Vice President in 2008, reported it had receipts of $460,648 and disbursements of $576,242 during the second quarter of 2014, leaving $970,939 cash on hand as of June 30th.
The PAC receipts included $335,408 from individuals contributing $200 or less. Of the $123,548 from 521 individuals giving more than $200, over 250 of them were listed as “retired.” Of the those itemized contributions, $27,426 came from California, and $15,261 came from Texas.
The PAC spent Full story
The AFL-CIO moved $3 million to a Super PAC for use during the 2014 elections, as well as for its Immigration Activism program.
A new quarterly report from Workers’ Voice, a Democratic-oriented super PAC, showed it received $3 million on April 7th from the AFL-CIO COPE Treasury account and $200,000 on June 30th from the United Association of Journeymen and Apprentices of the Pipe Fitting Industry. Full story
July 12, 2014
A Republican-oriented Super PAC has reported spending more than $1 million against Rep. Jack Kingston, R-Ga., in his July 22nd Republican Party Senate primary run-off election.
CWA PAC, formerly known as Citizens for a Working America PAC and based in Beaufort, South Carolina, reported it spent $1,031,400 from May 1 through July 2nd, on independent expenditures opposing Rep. Jack Kingston, R-Ga.
CWA PAC reported Full story
July 10, 2014
The U.S. Chamber of Commerce reported yesterday it spent $779,116 on July 8th for independent expenditures supporting Rep. Jack Kingston, R-Ga., in the July 22nd Republican party Senate primary runoff election.
The Chamber paid Revolution Agency of Alexandria, Virginia, $779,116 for TV and digital advertisement to run from July 8th through July 22nd.
This brings the Chamber’s independent expenditures supporting Rep. Kingston to $1,415,451 for calendar year 2014. View earlier posting on the Chamber’s May 28th spending.
Kingston is running against David Perdue, R-Ga., to become the Republican opponent of Michelle Nunn, D-Ga., in the November General Election.
July 9, 2014
Corrected, 10:30 a.m. | 2012 vice presidential nominee Rep. Paul D. Ryan has had the time and opportunity to methodically meet and greet the top financial donors of the Republican Party around the country – and collect almost $7 million dollars in campaign contributions.
Ryan for Congress reported it had receipts of $1,611,280 during the second quarter of 2014. This brings the Wisconsin Republican’s election cycle total receipts to $6.95 million.
During the quarter, Ryan’s committee received over $1 million in direct contributions from individuals – with many from the financial services industry, $432,740 from PACs and other committees, and $156,596 from transfers in from joint fundraising efforts with this leadership PAC and his Ryan-NRCC Victory Committee. The committee spent $1,783,118 during the quarter, and has cash on hand of $3,835,558, and debts of $6,525, as of June 30th.
One June 16th, and prior to the close of books for the second quarter, the committee sent $1 million in excess funds to the National Republican Congressional Committee. It was also five days after Rep. Eric Cantor, R-Va., announced he would resign as House Majority Leader.
Donors included Full story
July 7, 2014
Federal candidates, PACS, and party committees have a major reporting deadline coming up that will provide the public with an update on the campaign financing of the 2014 elections. The Federal Election Commission has provided a reminder and resources to filers.
July Quarterly Filing Reminder. Quarterly filers have a report due on Tuesday, July 15 (covering activity through June 30). Quarterly reports sent by registered, certified or overnight mail must be postmarked no later than July 15, and paper filings sent by other means must be received by close of business on July 15. Electronic filers have until 11:59 p.m. (EDT) on the due date of the report to submit their reports on time. (Federal Election Commission staff in the Reports Analysis Division (RAD) will be available until 8:00 pm (EDT) on Tuesday, July 15, to answer questions regarding the content and filing of reports. To reach RAD, call 800-424-9530 (press 5) or 202-694-1130. For help with technical issues relating to electronic filing, dial the same toll-free number and press 4 or call 202-694-1307.) Active in a primary election? See the Compliance Map and click on your state for specific filing information pertinent to that primary. Full story
July 3, 2014
A federal court has ruled that a super PAC making independent expenditures was not functionally distinct from its sister committee that was making contributions to candidates.
The U.S. Court of Appeals for the 2nd Circuit ruled yesterday in Vermont Right to Life v. Sorrel. Vermont Right to Life has two state accounts, one for a regular political committee that gives contributions, and one for a super PAC for making independent expenditures.
The Court found that the two committees were “enmeshed financially and organizationally.” The two entities had shared staff and often made joint expenditures. The Court found the two had not been acting independently and thus must share the state’s limitations on contributions to candidates.
At the federal level, hybrid Super PACs may Full story
July 1, 2014
The federal agency regulating and monitoring money in federal elections is seeking answers from a pro-Cochran Super PAC regarding what appears to be campaign finance violations.
The Federal Election Commission (FEC) has sent a Request For Additional Information (RFAI) to Mississippi Conservatives, a Super PAC supporting the re-election of Sen. Thad Cochran, R-Miss. The committee has until August 1st to respond, or the failure to do so “could result in an audit or enforcement action.”
The FEC letter states Full story
June 30, 2014
President Obama has selected a former CEO of Procter & Gamble Company and financial supporter of Sen. Rob Portman, R-Ohio, to be the next Secretary of the Department of Veterans Affairs.
Obama selected Robert McDonald, who retired from Procter and Gamble in 2013, to fill the position left vacant by the resignation of former four-star General Eric Shinseki.
McDonald, 61, a West Point graduate and five-year Army veteran, has not been a regular Republican donor over the years, but he and his wife have given to Sen. Rob Portman. On January 13, 2012, McDonald and his wife, Diane, each gave $5,000 to Portman’s leadership PAC, Promoting Our Republican Team PAC. McDonald also gave $2,400 to Portman for Senate in 2009, and $1,000 in October 2013.
In February 2014, McDonald gave $500 to Rep. Steve Daines, R-Mont.
June 27, 2014
The 2014 U.S. Senate and House campaigns are rushing to collect contributions prior to the June 30th close of their financial books.
Federal candidates and their campaign committees must close their financial books on Monday, June 30th, and publicly disclose their receipts, disbursements, cash and debt balances later in July.
To many people, the mid-year disclosure reports are bell weathers for how well candidates are doing in attracting support, and how well they are organized. The reports also provide a comparison between competing candidates. For most campaigns, the next comparison point will be the third quarter disclosure reports filed on October 15th.
2014 candidates and their campaigns must file their mid-year report by July 15th. Quarterly PAC and party committees must also file by the 15th. Monthly PAC and party committees must file by July 20th.
View FEC Filing Deadline notice.
June 24, 2014
The flow of money into politics continues with a steady stream of large contributions from millionaires and wealthy donors.
Recent financial reports from Super PACs, showing May activity, disclose several large contributions. For example, American Crossroads, a Republican-oriented Super PAC reported receiving $1 million from Paul Singer, President and CEO of Elliott Management Group (NY); $200,000 from Ruben Martin, President and CEO of Martin Resource Management Corporation (TX); $100,000 from James MacDougald, chairman of Westshore Ventures (FL); and $100,000 from Geoff Palmer, owner, G.H. Palmer Associates (CA). The Super PAC had receipts o $1.66 million during May, and has $4.6 million cash on hand as of May 31st.
The House Majority PAC, a Democratic-oriented super PAC, received $1 million from Fred Eychaner, CEO of Newsweb Corporation (IL); $300,000 from Jon Stryker, architect (MI); $100,000 from the American Federation of State County and Municipal Employees (DC); $100,000 from the UAW Education Fund (MI); $100,000 from the National Air Traffic Controllers Association PAC; and $100,000 from the United Food & Commercial Workers International Union Active Ballot Club(DC).
The Senate Majority PAC, a Democratic-oriented Super PAC, reported receipts of over $2 million during May Full story
June 20, 2014
The campaign finance records of the newly elected House Majority Leader and Majority Whip provide a wealth of data on who already has connections into the two new leaders.
Rep. Kevin McCarthy, R-Calif., has raised over $12.5 million in campaign funds for his principal campaign committee since 2006. The $4.9 million in contributions from individuals is easily searchable by donor name, employer, state, or date, on McCarthy’s multi-year financial profile with a subscription to Political MoneyLine’s databases.
McCarthy’s $6.6 million in receipts from PACs and other committees is also searchable by interest group category, such as Finance & Insurance, which has been his largest industry category over the years.
The records of McCarthy’s leadership PAC, the Majority Committee PAC, also show connections with donors around the country. The committee had almost $5 million in receipts since 2006. His personal wealth and income statements also are available.
Rep. Steve Scalise, R-La., has raised Full story
Several political action committees of major companies, unions, and issue groups reported their highest levels of monthly giving this cycle for contributions to candidates and political committees.
With primaries underway, some general election candidates already identified, and Congress still in session, several PACs reported May was their largest month for giving this cycle. PACs filing monthly disclosure reports must file on or before June 20th.
The NEA Fund for Children and Public Education gave out $307,500 during May, their largest giving month this cycle. From January 1, 2013 through May 2014, they had receipts of $2,898,671 leaving $1,752,357 cash on hand. About 86% of their contributions go to Democrats. This percentage includes contributions to candidates, leadership PACs, national party committees, and other party-related committees.
The Exxon Mobil Corporation PAC gave $281,250. This cycle they raised $1,375,529, and have $587,706 cash on hand. About 83% of their contributions go to Republicans.
The Home Depot Inc. PAC gave out $280,500. This cycle they raised $2,203,291. They give about 75% of their contributions to Republicans.
The PAC of the Credit Union National Association gave out $229,000. This cycle they raised $3,035,732. They give about 52% of their contributions to Democrats.
The Club for Growth PAC gave out $214,437 during May. This cycle they raised $1,576,145. They give 100% of their contributions to Republicans.
The United Parcel Service Inc. PAC gave out $206,450 during May. This cycle they have raised $2,751,37 and have $759,943 cash on hand. They give about 66% of their contributions to Republicans.
Other PACs that gave out a large amount of contributions in May, but had given out a larger monthly amount earlier in the cycle, include: Full story
June 17, 2014
A new Super PAC related to operatives of Koch Industries has registered with the Federal Election Commission to make independent expenditures during the 2014 elections.
Freedom Partners Action Fund is based in Arlington, Virginia, with Thomas F. Maxwell as treasurer. The group registered as a Super PAC to raise funds in unlimited amounts, not to make contributions directly to federal candidates, but to make independent expenditures for or against candidates.
The group listed Freedom Partners as its website. Freedom Partners, also based in Arlington, Virginia, is a 501c6 nonprofit organization that “promotes the benefits of free markets and a free society.” Freedom Partners “awards grants to organizations to conduct nonpartisan issue advocacy and bring these important societal and economic issues to the public’s attention.“ The establishment of a sister Super PAC, which must disclose its donors, is a new step for the organization, which as a 501c6 is not required to disclose its donors.