25 February 2010

Money, Money, Money

Politico: Lawmakers squirrel away cash

... 80 lawmakers — 57 Democrats and 23 Republicans — ... have stashed away more than $1 million in campaign contributions. And for most of the deep-pocketed incumbents, their only worry come November is not whether they lose their own seats but whether the House changes hands.

They’re the most obvious and best source for contributions to the party committees in a tough election year because there are no limits on the amount of money they can transfer from their campaign accounts to the party.

Each party committee creates a dues schedule that sets a target fundraising goal for each member. In lieu of paying dues directly, members can get donors to write checks to the party committees to apply toward their goal.

But even when members pay their dues, party committees often want more.

No comments: