Democratic super PACs continue to attract more money than their Republican counterparts, due in part to a huge amount of support from deep-pocketed mega-donors.Not your father's Democrat party.
Overall, 81 individuals, organizations or families have given $500,000 or more to super PACs between January 2013 and June 2014, totaling $161.6 million for November's midterm elections, according to a review of Federal Election Commission records by The Huffington Post. These contributions accounted for 52 percent of the $311 million raised by super PACs during that time.
Donors solely giving to Democratic groups dominated the upper echelons of super PAC giving. A total of 44 mega-donors gave only to Democratic groups, while another seven gace to both parties' super PACs but tilted their support toward Democrats. Republicans received the support of the other 30 mega-donors.
Democratic super PACs received $109.6 million from mega-donors after 18 months of the 2014 election cycle, while Republican groups received just $45.8 million. Two independent groups -- the National Association of Realtors and the Cooperative of American Physicians -- gave a total of $6.1 million to their respective individualized super PACs.
Tom Steyer, a former hedge fund executive turned environmental activist, led all super PAC donors by a wide margin. The San Francisco-based billionaire had given $20.7 million to super PACs by the end of June. All but $5 million of his giving went to his own super PAC, NextGen Climate Action Committee. The rest went to Senate Majority PAC, a group dedicated to protecting the Democratic majority in the Senate.
Wednesday, July 23, 2014
The Huffington Post reports:
Posted by Steve Bartin at 4:03 PM