senate 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.  

Million-Dollar Contributions Fuel Super PACs

Super PACs continue to be fueled during the first quarter of the election year by extremely large contributions, including million-dollar contributions.  

Early filings of the 2014 first quarter campaign finance disclosure reports show two Super PACs have already reported million-dollar contributions.  

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.  

Super PACs Have $63 Million Ready To Spend
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.