Goldman Sachs Executives Give Rep. Eric Cantor’s PAC $68,500
Posted at 6:09 p.m. on Dec. 18, 2013
Seventeen executives of a major New York investment bank all decided voluntarily to give to the same particular leader in the U.S. House of Representatives contributions of between $2,500 and $5,000 during November.
Every Republican Is Crucial (EricPAC), the leadership PAC of House Majority Leader Eric Cantor, R-Va., reported on Wednesday that it had raised $192,930 and spent $246,665 during November, leaving $447,454 cash on hand as of 11/30. The PAC received $88,300 from itemized contributors giving more than $200. The PAC received $84,000 from PACs and other committees.
The PAC spent $40,325 on fundraising consulting; $26,661 on a fundraiser; and $13,283 on payroll; among other expenditures. The PAC gave $85,000 to candidates, including $5,000 on 11/8 to Friends of Steve Stockman, R-Texas, and $5,000 to Bradley Bryne for Congress, R-Ala., among others.
Most of the money from individuals came from seventeen executives of Goldman Sachs, who contributed a total of $68,500 on four days in November.