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Cruz Refunds $80K in Contributions While Fundraising for 2018
Posted at 4:03 p.m. on May 2, 2013
Sen. Ted Cruz, R-Texas, has reported refunding $79,951 to contributors, including $66,601 to federal PACs that had earlier contributed to his campaign committee. The committee must maintain records and monitor contribution limits for each election. In 2012, Cruz had a primary election, a primary runoff election, and a general election. He is also taking contributions for his 2018 primary election. The refunds, made on the last day of the reporting period, may be an effort to clean up the records and bring contributions in line with the limits.
The Ted Cruz for Senate committee reported it refunded $5,000 each to American Forest & Paper Association PAC; Chesapeake Energy Corporation PAC; Credit Union Legislative Action Council PAC; General Electric PAC; Microsoft Corporation PAC; National Association of Insurance/Finance Advisors PAC; National Beer Wholesalers Association PAC; National Cattlemen’s Beef Association PAC; Pfizer PAC; Textron PAC; and US Cuba Democracy PAC.
The committee also refunded $2,500 to Darden Restaurant Employees PAC; $2,000 to BP North America Employee PAC; $1,601 to Time Warner Cable PAC; $1,000 to DLA Piper PAC; $1,000 to Independent Community Bankers PAC; and $1,000 to JPMorgan PAC.
During the first quarter of 2013, the committee had receipts of $378,505 and disbursements of $634,280. Receipts included $281,863 in contributions from individuals and $92,750 from PACs and other committees. Major donors included Bob Perry (Perry Homes, TX) giving $2,600 on March 22 and his wife Doylene Perry giving $2,600 on March 22. Bob Perry, a major Republican party donor, died April 14. The disbursements included 25 refunds made on March 31.They included $13,350 in refunds to six individuals and $66,601 in refunds to 19 PACs.
In addition to the refunds, the committee also repaid Ted Cruz $298,000 for an earlier loan. The committee has $223,638 in cash on hand as of March 31, with $606,179 in outstanding debts, including $545,000 to the candidate himself.
To search detailed money-in-politics databases, visit Political MoneyLine.