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How K Street Is Contributing to Romney's Campaign How K Street Is Contributing to Romney's Campaign

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Blogs / Leadership

How K Street Is Contributing to Romney's Campaign

October 16, 2012
Lobbyists are pulling their fundraising weight for the Romney campaign--to the tune of at least $14 million.

That's the upshot of the latest report from the Center for Public Integrity. The Center's Michael Beckel breaks it down.

More than five-dozen lobbyist-bundlers have raised at least $14 million for Romney's election efforts, according to reports submitted Monday. That includes 42 who raised nearly $9 million during the third quarter of 2012.

The third quarter marked the first period of pro-Romney fundraising activity for two-dozen lobbyists, according a review of Federal Election Commission documents by the Center for Public Integrity.

Among them, former Republican Sen. Alfonse D'Amato of New York, who raised $238,200; John Castellani, president and CEO of pharmaceutical trade group PhRMA, who raised $61,000; Brian P. Miller of oil and gas giant BP America, who raised $36,550; and Joseph Seidel of Credit Suisse, Switzerland's second-largest bank.

What about President Obama? Here's Beckel again.

Obama, who, as president, has taken a tough stance against lobbyists in his rhetoric and policies, has not taken money from lobbyist-bundlers, according to records. He has voluntarily disclosed the names of everyone who has raised at least $50,000 for his re-election efforts.

According to his campaign's most recent disclosure in July, nearly 650 bundlers had collected more than $143 million for Obama and the Democratic National Committee. The president is expected to release an updated list with his third-quarter bundlers later this week.

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