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Super PACs Have $63 Million Ready To Spend
Posted at 11:45 a.m. on Feb. 12
Super PACs, who may accept unlimited size donations, have $63 million in cash ready to spend on independent expenditures in the 2014 federal elections.
Over 1,300 Super PACs are registered with the Federal Election Commission, but only 300 had activity in 2013. They may not directly contribute to federal candidates, but they may make independent expenditures for and against candidates. Eighteen Super PACs have more than $1 million in cash at the beginning of 2014. Twenty-nine have cash balances between $250,000 and $999,999. Eighteen more have $100,000 to 249,999.
Democratic-oriented Super PACs reported $41 million cash on hand, and Republican-oriented Super PAC reported having $22 million cash on hand at the start of the year.
The Democratic-oriented Super PACs with the highest cash on hand are:
UAW Education Fund $8,533,982.
House Majority PAC $4,375,836.
NEA Advocacy Fund $4,239,665.
Senate Majority PAC $3,206,027.
Priorities USA Action $3,043,900.
Working for Working Americans – Federal $2,506,724.
Service Employees Int’l Union-PEA-Federal $1,895,560.
Fair Share Action $1,812,484.
Workers’ Voice $1,717,594.
DGA Action $1,617,170.
The Republican-oriented Super PACs with the highest cash on hand are:
American Crossroads $2,726,786.
Texans for a Conservative Majority $2,028,640.
Club for Growth Action $1,776,688.
Fund for Louisiana’s Future $1,308,833.
Tea Party Patriots Citizens Fund $1,069,925.
Values Are Vital $1,010,000.
Defending Main Street SuperPAC Inc. $881,986
Congressional Leadership Fund $873,361.
Restore Our Future Inc. $863,226.
Kentuckians for Strong Leadership $861,329.
There are some Super PACs that have not made independent expenditures for or against candidates and have not been classified by party. One example is the Super PAC of former Rep. Gabrielle Giffords, D-Ariz., Americans For Responsible Solutions PAC, which has $6.1 million cash on hand.
For a full ranking of all Super PACs, use Political MoneyLine’s database of Super PACs and Independent Expenditures.