Ways & Means Chairman Has $3 Million Banked
Posted at 2:46 p.m. on July 15, 2013
The chairman of the House Ways and Means Committee knows how to deal with money matters. He raises more than he spends and now has more than $3 million in the bank.
The campaign committee of Rep. Dave Camp, R-Mich., reported second-quarter receipts of $788,759 and disbursements of $488,162, leaving $3,037,890 in cash on hand as of June 30. The committee received $554,261 from PACs and other committees and $216,810 from individuals.
Individual contributors included more than 50 realtors from around the country giving $31,750. The committee also received $26,400 from nine contributors at Select Medical Corp., including $5,200 from Executive Chairman Rocco Ortenzio and $5,200 from CEO Robert Ortenzio. New York Life Insurance Co. executives gave $20,000.
PACs and other committees gave over half a million dollars. Most PACs were sponsored by companies from the finance/insurance industry, the health care industry and the energy industry.
Camp spent $125,750 for polling services by TargetPoint Consulting (Va.). The committee paid $91,099 for fundraising by the Levatino Group (D.C.). The committee paid $14,495 to KB Graphics Inc. for “apparel for golf outing.” The committee transferred $148,000 to the National Republican Congressional Committee.