Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
July 29, 2014

Millionaires Keep Shoveling Money Into Politics

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).

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

  • richardsloat

    Millions given to politicians and Super Pacs are not given for free. Legislation is heavily influenced so that we get giveaways to the wealthy interests. Such laws that permit billionaires like Buffet or Romney to pay 14% tax, corporate welfare, revolving door lobbying, etc etc etc. If this is not legalized bribery it is awfully close.

    My satire, entitled “Washington Money Talk” is on YouTube. It is
    about the influence of money, abetted by Citizens United, on Washington
    Politics. Here is the link; http://www.youtube.com/watch?v=etPwzJvhxyI

  • ExVariable

    Why does Harry Reid constantly refuse to compromise?

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