house majority pac

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.  

A $5 Million Check Fuels Super PAC

A Democratic-oriented Super PAC reported today it received $5 million from an individual for use in making independent expenditures in the 2014 elections.  

The Senate Majority PAC, a Democratic-oriented Super PAC, reported it had receipts of $5.7 million from April 17th through April 30th. The major donor was Thomas Steyer , founder of Fahr LLC in San Francisco, California. Steyer gave the $5 million through his NextGen Action Committee. Steyer was also founder of the hedge fund Farallon Capital Management.  

Labor Union Political Committees Contribute Heavily in March

The political committees of several national labor organizations moved large amounts of political contributions to federal candidates and committees during March, according to early reports.  

The American Federation of Teachers AFL-CIO Committee on Political Education  reported  contributing $898,000 to federal candidates and committees. This included $250,000 to the Senate Majority PAC, a super PAC, and $100,000 to the House Majority PAC, another super PAC. They also made a non-federal contribution of $300,000 to the Democratic Governors Association.  

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.  

Operating Engineers Union PAC Gives Out More than $750K

An international labor union has reported giving out more than $750,000 to federal candidates and committees during February.  

The PAC of the International Union of Operating Engineers reported it contributed $769,500 to federal candidates and committees during February. The PAC gave $419,500 to candidates, leadership PACs, and political party committees. The PAC gave $350,000 to Super PACs.  

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..  

More Ads in Florida Push Independent Expenditures above $7.5 million

In the last several days, outside organizations have reported making almost a million dollars in independent expenditures to impact on the March 11th Florida special election. This raises the 2014 independent expenditure total for the race to over $7.5 million.  

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.  

Super PACs Have $63 Million Ready To Spend