Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
September 1, 2014

Democratic Congressional Campaign Committee Pays Off 2012 Loans

The congressional campaign committees of the Democrats and Republicans each raised about $7 million during June, but the Democrats paid off their loans and the Republicans still owe $2,250,000 on loans from the 2012 elections. 

The Democratic Congressional Campaign Committee reported it raised $6,719,033 in June. The committee received $4,557,276 from individuals, including $2.3 million from contributors giving $200 or less. The committee received $468,870 from PACs and other committees. The committee received $1.5 million other candidate committees, such as $150,000 from Nancy Pelosi for Congress, $115,000 from Joe Kennedy for Congress and $100,000 from Crowley for Congress, among others.

Selected donors included $32,400 from the following: Richard Gephardt (CEO, Gephardt Government Affairs); Michael Sacks (CEO, Grosvenor Capital Management, Ill.); Marcia Carsey (producer, Calif.); Robert Dyson (CEO, Patterson Planning, N.Y.); David Johnson (producer, Act 4 Entertainment, Calif.); and Mark Gorenberg (venture capitalist, Hummer Winblad Venture Partners, Calif.); among others.

The DCCC spent $4,510,781, including $2,125,000 on June 28 to pay off the outstanding loan from Bank of America. The committee spent $476,570 on telemarketing, $342,554 on payroll, $287,626 on postage and $80,923 on legal services.

The National Republican Congressional Committee reported it raised $7,073,744 in June. It received more than $2 million from individuals, with $944,556 coming from contributors giving $200 or less. PACs and other committees (such as campaign committees of members of Congress) provided $3.4 million. Joint fundraising committee contributed $1.5 million, including $629,897 from Boehner for Speaker Committee, $402,020 from Cantor Victory Committee and $152,962 from McCarthy Victory Fund 2014, among others.

Selected individual donors included Joseph Luter (chairman, Smithfield Foods) $29,800; Karin Luter (homemaker) $29,800; Julia Koch (homemaker, Kan.) $14,800; Charles Munger (retired, Calif.) $13,600; and Nate Redleaf (hedge fund analyst, Luxor Capital, N.Y.) $32,400; among others.

The NRCC spent $2.5 million on June 30 to pay down the outstanding loan due to Wells Fargo Bank. The committee spent $383,474 on postage, $362,732 on payroll, $342,1139 on fundraising phone calls and $270,736 on list rental, among other costs. The committee contributed $5,000 to Sanford for Congress. The committee still owes Wells Fargo $2,250,000.

To search detailed money-in-politics databases, visit Political MoneyLine.

  • KillLiberalCommunistAgenda

    2014 Democrats are going to get their socks knock off! The Country is sick and tired of Detroit liberal policies! LOOK OUT liberals you are done!!!!!!!!!!!!!

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