michael bloomberg

Big Checks Strengthen Super PACs

Super PACs collect contributions in unlimited amounts for making independent expenditures, and new disclosure reports show some donors are willing to write a check for a quarter of a million dollars, or more.  

American Bridge 21st Century, a Democratic-oriented super PAC reported the following major donors: Mark Heising , investor, Medley Partners Management CA), $500,000; Ann Earhart , investor (CA) $400,000; Susie Buell , retired (CA) $250,000; Amy Fowler , author (NY) $250,000; and Phillip Ragon , founder, InterSystems (MA) $250,000.  

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.  

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.  

Members of Congress and Super PACs Keep Lawyers Busy

Campaign finance lawyers have been busy in the last few months providing legal services to members of Congress, Super PACs, and presidential campaigns.  

Several Senate and House members  dealt with serious campaign finance legal questions and investigations during the last quarter of 2013. Here are a few of the members of Congress and political organizations that paid for legal services, many relating to investigations and inquiries by the House and Senate Ethics Committees, the Federal Election Commission, and others.  

$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.  

New Reports Show Big Checks Flow for Politics

If you thought money in politics was limited, take a look at the big checks from donors being reported by Super PACs, joint fundraising committees, and Section 527 groups.  

Year-End campaign finance reports of candidates and political committees are due today, and disclose financial activity for the last part of 2013. While there are limits on how much can be given directly to federal candidates and a political committees, the limits are higher when several committees set up a joint fundraising committee. For Super PACs, that do not give directly to candidates but make independent expenditures, there are no limits. For Section 527 groups, there are no limits.