Super PAC Spends Against New York Tea Party Candidate (Corrected)
Posted at 2:51 p.m. on June 16, 2014
Update 4:10pm A Republican Super PAC has spent over $500,000 opposing a New York tea party candidate in the June 24th Republican primary.
The American Unity PAC, a Republican-oriented Super PAC, reported it spent $559,516 opposing state assemblywoman Claudia Tenney, R-N.Y., a tea party candidate in the 22nd Congressional District of New York. Tenney is running against Rep. Richard Hanna, R-N.Y., in the June 24th Republican primary. During the period April 1 through June 4th, the PAC raised $412,545 and sent $835,497, with $2,353,444 in cash on hand as of June 4th.
The major donor to the Super PAC was Cliff Asness, a financial theorist and co-founder of AQR Capital Management, in Greenwich, Connecticut. Asness contributed $300,000 on May 20th.
Paul Singer, founder and CEO of Elliott Management Corporation (NY), gave $6,514. Earlier in the 2013-2014 cycle Singer gave $2,155,735 to the American Unity PAC.
The PAC spent $559,516 on independent expenditures opposing Claudia Tenney, including media production, media buys and direct mail. The PAC also gave $125,000 to American Crossroads on May 23rd.
In this election cycle, through June 4th, Rep, Hanna reported receipts of $1,002,599, with $337,582 from individuals, $36,698 from PACs and other committees, and $295,000 in a loan from the candidate. Hanna has spent $811,871 and has $514,537 cash on hand as of June 4th.
Tenney has reported receipts of $128,958, with $28,958 from individuals, zero from PACs and other committees, and $100,000 in a loan from the candidate. Tenney spent $111,947 and has $17,011 cash on hand as of June 4th.
Correction: An earlier posting stated incorrectly the super PAC was supporting for Tenney.
To search detailed money-in-politics databases, visit Political MoneyLine.