Category: Money in Politics

Irony alert: Railing against debt, Sen. Paul’s defunct White House campaign owes $300K to dozens of businesses

Rand Paul for President reported $301,108 in debts and $2,558 in cash on hand as of June 30 in its most recent filing to the Federal Election Commission, according to the Lexington Herald-Leader.

Paul and Gray
Paul and Gray.

After quitting the White House race in February, the first-term Republican senator returned to Kentucky, where he’s raised $3.1 million in a separate re-election campaign to beat Democratic challenger Jim Gray, the mayor of Lexington.

Campaign spokeswoman Kelsey Cooper told the Lexington newspaper that everyone will be paid in full, but declined to give a timetable. “Closing down campaigns takes time, as evidenced by other presidential campaigns that are at similar stages of doing so,” Cooper said.

In its story, the newspaper noted that Paul, 53, called debt  “the greatest threat to our national security” during one of the Republican White House debates. And on his Senate campaign website, Paul says: “When I talk with people across Kentucky and the United States, the most common top concern for our country is our ballooning federal debt.”

Here’s video of the debate:

Related: Paul’s stock portfolio jumped double-digits last year. (Also: he likes silver coins.)

In a first, Trump out-fundraises Clinton in Kentucky — but just barely; Louisville still tops for both; search all 6,900 donors in our new database

402 Zip Code map
Lots of loot for Clinton and Trump in Louisville’s 402 Zip Code area.

Republican Donald Trump’s $75,387 from individual Kentucky donors in June slipped past Democrat Hillary Clinton’s $73,153 in the White House race. That was a big switch for the billionaire businessman, whose skimpy Kentucky fundraising had trailed all other major Republican candidates, according to WFPL.

That trend could shift because candidates typically get a bump after a convention, University of Kentucky political science professor Donald Gross told the station. In Trump’s case, it also could mean Republicans are feeling more confident about their nominee: “If you think he has a chance to win, you start freeing up your money.”

The GOP convention ended Friday. The Democrats’ meeting started today and ends Thursday with (presumably) Clinton’s acceptance speech.

Despite June’s reversal, Clinton remains way ahead in total receipts. In the current election cycle, she’s raised $783,000 vs. $130,049, according to the Federal Election Commission. (How to look up data.)

Louisville leads

For both candidates, the most lucrative areas have been Louisville, based on Zip Codes of donors. For privacy reasons, the FEC breaks down receipts only by three-digit Zip Codes. Here are the dollar amounts for 402:

  • Clinton: $279,900
  • Trump: $24,852

Clinton’s second most-fertile ground was Zip 410, the Covington area, where she picked up $150,349. Trump’s was 405, Lexington, where he got $23,948.

Find every donor to Clinton and Trump

In sheer numbers, Clinton’s received money from more than 17 times as many Kentuckians as has Trump, through June 30. Boulevard has just compiled spreadsheets showing the names of every donor to both candidates: Clinton’s 6,521 vs. Trump’s 377.

Humana co-founder Jones gives $250K more to PAC aiming to flip state House, joining Trump and other heavy-hitters

David Jones Sr
Jones

David Jones Sr.‘s contribution is on top of the $200,000 he gave to Kentuckians for Strong Leadership last September, and $125,000 he gave in February 2014 — a total $575,000, according to new Federal Election Commission records.

The super PAC was created three years ago by allies of U.S. Sen. Mitch McConnell to help Kentucky’s senior senator win re-election in 2014, according to The Courier-Journal.

Donald Trump
Trump

With McConnell’s win in November 2014, the PAC’s priority is now helping Republicans capture a majority in the Kentucky House of Representatives this fall. If they succeed, Kentucky would be the last state government in the south to fall completely under GOP control.

Jones’ most recent donation came May 13, according to the PAC’s second-quarter report, and formed the bulk of the $290,000 receipts for the period. Since it was launched, the PAC has raised at least $8.3 million from 164 donors, according to FEC records. It had $5.5 million on hand at the end of the quarter.

Robert McNair
McNair

High-profile PAC donors include Donald Trump, the newly nominated GOP candidate for the White House; he gave $60,000 in October 2014 and May 2013. But Jones has been most generous, with his total $575,000 more than any other single donor, according to a Boulevard analysis of FEC records. Another top donor was Robert McNair of Houston, who gave $500,000 in September 2014; he’s founder and CEO of the NFL’s Houston Texans. And here are four more:

  • Lawrence F. DeGeorge of Jupiter, Fla., $500,000 in two donations, in July 2014 and November 2013. He lists his employer as venture capital firm LPL Investment Group
  • Christine Chao of New York, $400,000 in September 2014; she lists her occupation as self-employed. (McConnell’s wife, Elaine Chao, has a sister named Christine, but it’s unclear whether they two women are one in the same. Through the wealthy Chao family, McConnell is one of the richest U.S. senators, with as much as $43 million)
  • John W. Childs of Vero Beach, Fla., $390,000 combined in August and May 2014 and April 2013. He’s chairman of his namesake private-equity firm.
  • Murray Energy Corp. of St. Clarksville, Ohio, $300,000, also in September 2014. The coal producer announced earlier this month that it may lay off up to 4,400 coal miners by September in Kentucky, Ohio, West Virginia, Illinois, Utah and Pennsylvania

Read this Boulevard spreadsheet to see all 164 donors.

GOP leads in June

Overall, the Kentucky Republican Party raised $209,000 in June, and spent $105,000, giving it $1.6 million in the bank, according to its FEC report for the month.

The Kentucky Democratic Party didn’t do nearly as well. The state Democratic Central Executive Committee took in only $68,000 during the month and spent $102,000, leaving just $72,651 on hand.

In Ky., corporations are now allowed to make contributions to campaigns through PACs, leveling the field with unions

Gregory Van Tatenhove
Tatenhove

The shift comes amid the ongoing fight over so-called right-to-work policies, according to a new WFPL story. “Until last week,” correspondent Ryland Barton says, “unions (usually anti-right-to-work) were allowed to make donations to candidates and political action committees, while corporations that support right-to-work were barred from doing so.”

Corporations and unions will now be allowed to donate to political action committees, but not directly to candidates. The change came after the Florida non-profit Protect My Check filed a lawsuit in U.S. District Court arguing that state law unfairly favored unions. Judge Gregory Van Tatenhove largely sided with the non-profit March 31.

Gray says he raised nearly $1.1M in second quarter in Senate race against Paul

That boosts Democratic nominee Jim Gray‘s total raised to more than $2.8 million in his campaign against incumbent Republican Rand Paul. The Lexington mayor announced the figures in a press release yesterday; he says he expects to file a formal report with the Federal Election Commission by next Friday’s deadline.

Paul and Gray
Paul and Gray

Paul, completing his first senate term, hasn’t reported his fundraising totals for the quarter. But at the end of April, according to the FEC’s website, he had about $300,000 more on hand than Gray, despite the fact Gray had out-raised him since the beginning of the year, according to The Courier-Journal.

Trump’s June fundraising soars, but Clinton still does better

Trump and Clinton
Trump and Clinton

Lagging presumptive Democratic White House nominee Hillary Clinton in Kentucky and elsewhere, Donald Trump said he and the Republican National Committee raised nearly $51 million last month for his White House run and the RNC, after launching his first aggressive campaign to raise cash. The total disclosed yesterday dwarfed the $3.1 million he raised in May. Clinton, meanwhile, raised even more in June — $68.5 million — including $40 million for her campaign and $28 million for the Democratic National Committee, according to Reuters.

Trump’s and Clinton’s dollar figures weren’t broken down by state. In the last Federal Election Commission report, covering all of 2015 through May 31, the New York billionaire had taken in just $43,861 from Kentucky supporters. Clinton raked in 16 times as much: $709,377.

The fresh numbers come 11 days before the Republican National Convention, which will be in Cleveland July 18-21. The Democrats meet in Philadelphia the following week, June 25-28.

In a related development today in Cleveland, anti-Trump forces “are remarkably close” to getting past the first hurdle next week to force a vote on the party’s convention floor that would throw open the GOP contest again, according to The Wall Street Journal.