american crossroads

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.  

After Cantor Shock, Independent Expenditures Resume (Updated)

Updated 8:00pm  The day after House Majority Leader Eric Cantor's primary loss, major national organizations quickly resumed making large independent expenditures for and against candidates in the 2014 elections.  

Those making independent expenditures on June 11th include American Crossroads  spending $461K, the American Federation of State County & Municipal Employees PEOPLE  spending $652K, and the National Association of Realtors Congressional Fund  spending $400K.  Other spending included $600K spent by the Club for Growth Action, and $500K spent by the U.S. Chamber of Commerce. American Crossroads spent $460,730 on independent expenditures opposing Sen. Mark Begich, D-Alaska. This included $423,000 to Mentzer Media for TV and media placement; $20,000 to IMGE LLC for online advertising, and $17,730 to McCarthy Hennings Walen Inc. for TV and Media production.  

Two New York Billionaires Each Give $250K to Pro-Cochran Super PAC

Two New York billionaires have each sent a $250,000 contribution to a Mississippi super PAC supporting Sen. Thad Cochran.  

Former New York City Mayor Michael Bloomberg , the billionaire owner of Bloomberg LP, and Sean Parker, co-founder of Napster, have each contributed $250,000 to Mississippi Conservatives , a super PAC supporting the Mississippi senator in his Republican primary runoff.  

Air Traffic Controllers Direct $800K to Super PACs

The National Air Traffic Controllers Association PAC  has reported directing $800,000 to Super PACs during April.  

The PAC reported it had receipts of $347,601 and disbursements of $934,485 during April, leaving $1,145,529 cash on hand as of April 30th. The PAC gave $800,000 to Super PACs and $111,000 to party committees, federal candidates and their committees.  

Republican Super PAC Raises Over $5 Million From Big Donors

A Republican Super PAC has raised $5.2 million in the first quarter of the year from 24 donors.  

American Crossroads , a Republican-oriented Super PAC, reported  it had receipts of $5,238,249 and disbursements of $613,597 during the first quarter. Twenty-four donors contributed a total of $5,237,500.  

Big Donors Add to War Chests of Super PACs

Individuals and organizations are continuing to add more funds to Super PACs for use on independent expenditures in the 2014 elections.  

New political finance reports covering February financial activity show wealthy individuals and organizations are strengthening the accounts of Super PACs with contributions of $100,000 or more.  

DCCC Spends $570K More on Ads Opposing Jolly

National party committees and super PACs continue to buy hundreds of thousands of dollars worth of independent expenditure ads in the last week before the Florida Special Election on March 11th.  

The Democratic Congressional Campaign Committee  reported this afternoon it spent $587,561 on 3/4 for media production and media buys opposing David Jolly, R-Fla. The House Majority PAC  reported it spent $24,792 of 3/3 for direct mail opposing David Jolly. Women Vote! reported it spent $10,698 on 3/3 for mailhouse expenses opposing David Jolly. The SEIU COPE  reported it spent $3,974 on 3/3 for salary and canvassing supporting Alex Sink, D-Fla..  

Outside Groups Spend Over $6 Million in Florida Special Election

National organizations have spent more than $6.4 million on independent expenditures for and against candidates in the Florida special election to fill the seat of the late Rep. C.W. Bill Young, R-Fla.  

Of the $6.4 in independent expenditures reported to the Federal Election Commission, almost 90% ($5.7 million) has been spent against the candidates.  

Hess Corporation Builds New Pipeline for Political Contributions

An American oil company, whose former executives moved secret money to President Nixon's 1972 re-election campaign, has set up a political action committee to give contributions to federal candidates and committees.  

The Hess Corporation Political Action Committee (Hess PAC)  registered  with the Federal Election Commission, listing Eric Fishman in New York as the treasurer. The PAC will collect donations from employees, give contributions to candidates, and disclose the activity.  

Super PACs Have $63 Million Ready To Spend