Nancy Pelosi and Kevin McCarthy
With the midterm elections more than a year away, wealthy donors have already begun giving massive checks to committees linked to Democratic House spokeswoman Nancy Pelosi and Republican minority leader Kevin McCarthy, according to new records.
The Federal Election Commission’s second quarter record of fundraisers related to Pelosi, McCarthy, and House leadership paints a picture of party officials and funders realizing the need to fund these campaign committees heavily, with the House of Representatives Chamber in 2022 to Choice is available. The Democrats, who hold the majority, lost seats in the 2020 election and the Republicans are trying to capitalize on it.
The Associated Press reported that the Republicans campaign arm, the National Republican Congressional Committee [NRCC], trumped his rival for the Democrats in the House of Representatives, the Democratic Congress campaign committee [DCCC], in the second quarter.
McCarthy and Pelosi campaigners did not respond to requests for comment.
Take Back the House 2022, a joint fundraising committee for the NRCC, McCarthy and other House Republicans, posted over $ 8 million in profit from April through June. This was due to donations from influential donors, including those on Wall Street like Nelson Peltz, the CEO of investment firm Trian Partners, who donated $ 50,000 to the committee in June.
Citadel CEO Ken Griffin donated over $ 500,000 to the committee that month. Steven Roth, the CEO of Vornado Realty and an ally of former President Donald Trump, gave $ 250,000 in May. Robert Day, the CEO of investment real estate firm Oakmont Corp., gave the group $ 100,000 in the same month. Howard Lutnick, the CEO of financial services firm Cantor Fitzgerald, donated over $ 700,000 to the committee in June, records show.
McCarthy’s leadership PAC, which also raises money for the NRCC and Take Back the House, also saw large donations from big donors last quarter as the GOP seeks to recapture the majority. The committee, the McCarthy Victory Fund, has raised just over $ 2.3 million in the past three months.
Peter Thiel, an investor billionaire who had previous alliances with Trump and recently increased his contributions to GOP candidates, donated just over $ 47,000 to the McCarthy Victory Fund in April. Doug Leone, an executive with venture capital firm Sequoia Capital, donated $ 125,000 to the committee in May. Leone renounced his support for Trump after the deadly January 6 riot on Capitol Hill. David Urban, a longtime Trump confidante and now a senior executive at Chinese tech company ByteDance, gave the committee $ 5,000 in June.
Pelosi also saw how much money flowed into their joint donation account. The Nancy Pelosi Victory Fund, which raises funds for the DCCC, raised over $ 4 million in the second quarter.
Legendary film producer Steven Spielberg donated $ 150,000 to the Fundraising Committee in April. In the same month, his film colleague Jeffrey Katzenberg donated $ 100,000. Eric Schmidt, the former CEO of Google, donated over $ 44,000 to the committee in June. Real estate giant George Marcus contributed over $ 260,000 that same month.