Senator Kirsten Cinema (I-Arizona) will make hundreds of thousands of dollars in the first three months of 2023 from employees of Wall Street companies, big bank PACs, and several prominent Republicans. I scraped it up. campaign finance disclosure Filed with the Federal Election Commission.
Arizona’s 2024 US Senate Election Rating is toss up According to the Cook Political Report, control of the chamber rests on a very delicate balance, setting the stage for a costly battle. Cinema has yet to announce its candidacy for re-election. Reportedly in preparation to save her seat.
cinema changed affiliation That means a re-election announcement would set off a contentious three-way race between independent incumbents and Republican and Democratic candidates.Democrats are collected Rep. Ruben Gallego (Democrat, Arizona) announced His Senate bid in January.
Gallego outperforms Cinema in first three months of 2023 $3.7 million To $2.1 millionHowever, Cinema’s campaign reportedly had $10 million on hand as of March 31, which is several times Gallego’s $2.7 million on hand. Both candidates’ leadership PACs have submitted their April quarterly reports to the FEC.
The first Republican to participate in the high-profile Senate race was Pinal County Sheriff Mark Lamb. rebellion COVID-19 lockdowns, criticism of President Joe Biden’s immigration policies, and outspoken supporter For former President Donald Trump.lamb announced That means his first campaign finance report won’t be submitted to the FEC until July.
Cinema was slammed for her last summer oppose to the provisions of Inflation control law that is Employed interest tax loopholeThis loophole allows private equity executives and some hedge fund managers to claim the majority of their income as investment income taxed at significantly lower rates.Biden signed The bill, with the clause removed, became law on August 16.
The Arizona incumbent has raised over $280,000 from employees of private equity firm Blackstone and $196,000 from employees of private equity firm Carlyle Group. Reported by POLITICOData from OpenSecrets shows that the securities and investment industry, including private equity firms, contributed 350 to the leadership PAC of cinema campaigns and Getting Stuff Done from being elected to Congress in the 2018 election cycle through the 2022 midterm elections. donated over $10,000. top contributor.
Commercial Bank, another of the industry’s largest contributors, donated $570,846 to Cinema’s Campaign and Leadership PAC during the same period. In the first quarter of 2023, her campaign will raise $6,000 from Citigroup Inc. PAC, $5,000 from American Express PAC, $3,500 from Capital One Financial PAC, $5,000 from Goldman Sachs PAC, $3,000 from Mastercard Inc. PAC, You reported that you received $2,500 from Visa Inc. PAC. Her first three months of 2023, according to the new Federal Campaign Fund disclosure. Her campaign also reported $2,500 from the American Bankers Association PAC and $1,000 from the Independent Community Bankers of America PAC.
Cinema’s campaign did not respond to OpenSecrets’ request for comment.
Several prominent Republicans also contributed to the cinema campaign.Sen. Lisa Markowski (R-Alaska) Denali Leadership PAC donated her $10,000 to Cinema’s campaign March 31stDonated by former White House communications director Anthony Scaramucci $6,600, $3,300 each in the primary and general elections, the maximum individual contribution in the 2024 election cycle. Cinemas are not required to run in party primaries, but are eligible to receive primary contributions. Current FEC Guidelines.
Several Democrats contributed to Gallego’s Senate campaign. include A Love Supreme Leadership PAC of Rep. Nancy Pelosi (D-California), Rep. Eric Swalwell (D-California), Ted Liu (D-California), and Rep. Maxwell Frost (D-Florida).
The securities and investment industry contributed $111,602 to Gallego’s re-election campaign and Leadership PAC during the 2022 election.Gallego called out Cinema’s “Wall Street Values” last month voted to undermine banking regulation in 2018, AZ Central reported.
“Cinema is in Wall Street’s pocket, and her vote puts hardworking Arizona, her family, and small businesses at risk of a 2008-like meltdown,” said Gallego. murmured.
