marlene ricketts

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.  

$2.5 Million Donation Goes to Democratic Super PAC

A contribution of $2.5 million has been given to a Democratic super PAC by a New York billionaire.  

The Senate Majority PAC, a Democratic-oriented super PAC, reported it received $2.5 million on 7/29 from Michael Bloomberg,  former mayor of New York City, and majority owner of Bloomberg LP.