fred eychaner

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.  

House Majority PAC Raises $5.3 Million in First Quarter

A Democratic Super PAC has reported raising $5.3 in the first quarter of 2014, including a million-dollar contribution.  

Corporations Can Expect To Pay More For Conventions

Congress has taken steps to remove public funds from partially paying for national party conventions, but corporations, unions, and individuals will soon be on the hook for making up the difference.  

The Senate on Tuesday passed a bill by voice vote to end taxpayer funding for presidential party conventions and use those funds for researching pediatric cancer and other childhood disorders. The funds come from the $3 check-off on taxpayer annual returns.  

Donor who Gave Wendy Davis $1 Million, Gives Super PAC $1 Million

A family care physician in Austin, Texas, who gave $1 million to the Gubernatorial campaign of Democrat Wendy Davis last year, has tossed in another $1 million to a Texas super PAC.  

Battleground Texas, a Democratic-oriented super PAC, reported it received $1 million on 11/22 from Carolyn Oliver,  a physician and attorney in Austin Texas. The PAC is seeking to make Texas competitive for Democrats.