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#1 User is offline   Liz 

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Posted 20 October 2018 - 10:04 PM

Adelsons Add $25 Million To Their Midterm Campaign Spending

Bloomberg
By John McCormick and Bill Allison
Updated on October 20, 2018, 4:51 PM EDT

Excerpt:

Billionaire casino owner Sheldon Adelson and his wife, Miriam, delivered another $25 million to help Republicans try to hold control of the U.S. Senate in the Nov. 6 election, adding to the more than $87 million they previously gave to bolster the GOPís midterm campaign.

The Las Vegas Sands Corp. chief executive officer and his wife were among the big-dollar donors who lavished tens of millions on political committees during September ahead of the first national elections of Donald Trumpís presidency.

The coupleís latest contribution was to the Senate Leadership Fund, a super political action committee affiliated with Senate Majority Leader Mitch McConnell, Federal Election Commission filings show.

They have already surpassed the $82.5 million they gave to conservative causes and candidates in the 2015-16 election cycle, according to the Center for Responsive Politics. For that cycle, the couple ranked second in the U.S. for individual donors, behind liberal billionaire Tom Steyer.

The national parties and some of the super PACs spending most heavily on the campaign are required to file information with the FEC on their September fundraising and spending by midnight Saturday. Some groups filed well ahead of that deadline.

The two parties and their allies are furiously raising and spending money as the 2018 campaign for control of Congress enters its final stage. Democrats are threatening to overturn the Republican majority in the House, while Republicans are positioning to hold control of the Senate. The election will determine whether Trump can continue to push his agenda or be challenged by congressional investigations during the second half of his first term.

Against that backdrop, political organizations shored up their bank balances for dozens of House and Senate races thought to be competitive.

Other top donors to the Senate Leadership Fund included Andrew Beal, a Texas banker and real estate investor who contributed $1 million during September. Billionaire Robert Rowling and his company, TRT Holdings Inc., each gave $1 million.

The House Majority PAC, which backs Democratic candidates, reported raising $14.9 million during September. It spent $12.5 million and started October with $34.6 million.

Billionaire James Simons, the founder of hedge-fund company Renaissance Technologies LLC, gave $2.7 million to the group. Other top donors included the daughters of the late Melvin Simon, the billionaire shopping mall and real estate developer. Deborah Simon and Cynthia Simon-Skjodt each contributed $1 million. Hollywood mogul David Geffen gave $500,000.

Simons also gave $2 million to the Senate Majority PAC, which backs Democrats. The group raised $17.7 million during the month and started October with $38.9 million in the bank after spending $8 million in September. Facebook co-founder Dustin Moskovitz gave $1 million. Marsha Laufer, a speech pathologist and the wife of Henry Laufer, who is a director of Renaissance Technologies, also gave $1 million.

Former New York Mayor Michael R. Bloomberg gave $1.5 million to the super-PAC arm of Planned Parenthood. Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News. He has pledged to give millions of dollars in 2018 to help Democrats retake control of the U.S. House and told the New York Times that heís considering a campaign for president as a Democrat.

Jennifer Allan Soros, the daughter-in-law of billionaire George Soros, gave $400,000 to Planned Parenthood Votes, which raised $3.9 million in September and ended the month with $7.1 million cash on hand. It spent $2 million.

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