Millionaires Keep Shoveling Money Into Politics
Posted at 1:40 p.m. on June 24
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, leaving almost $7.1 million cash on hand as of May 31st. Large contributions to the PAC included $400,000 from the National Air Traffic Controllers Association PAC; $300,000 from Peter Angelos, attorney and Baltimore Orioles owner (MD); $295,000 from Laurie Michaels, psychologist (TX); $250,000 from the Puyallup Tribe of Indians (WA); $270,000 from the Laborers’ Political league (DC); $100,000 from Peter Amstein, retired (WA); and $100,000 from Michael Kowalski, chairman and CEO, Tiffany & Company (NJ).
Ending Spending Action Fund, a Republican-oriented super PAC, reported receiving $400,000 from J. Joe Ricketts, entrepreneur (WY), and $100,000 from Marlene Ricketts, retired (NE).
The American Principles Fund received $234,279 from Sean Fieler, financial analysts, Equinox Partners, LP (NJ).
The Club for Growth Action, a Republican-oriented super PAC, reported receiving $250,000 from Jackson Stephens, executive, Exoxemis Inc. (AR).