About Me 0049: Making Money Secrets

B. Wayne Hughes, the chairman of Public Storage, was American Crossroads'
first official donor. He gave the group an additional $950,000 in late
October, and now has contributed to $3.5 million to American Crossroads,
according to the Center's research.

Trevor Rees-Jones, the
president and chief executive officer of Dallas-based Chief Oil and Gas,
has given American Crossroads $2 million this year.

Robert Rowling, the chief executive officer of TRT Holdings, has
given the group $2.5 million since its founding. Notably, his company
has also given $2.5 million from its treasury -- including a $1
million infusion of cash in June.

And Texas home builder Bob Perry, famous for his financial support of the Swift Boat Veterans for Truth,
which produced ads critical of Democrat John Kerry's Vietnam military
service during the 2004 presidential election, also made a series of investments in
American Crossroads totaling $7 million since early September.

Jonathan Collegio, the spokesman for American Crossroads, told the Washington Post on Thursday that Crossroads Grassroots Policy Strategies -- a sister organization
of American Crossroads that is not required to disclose information
about its donors -- raised an additional $43 million this year.

Crossroads
GPS, legally defined as a 501(c)4 nonprofit designed to promote "social welfare,"
spent $17 million on political messages and advertisements this election
cycle, according to the Center's research. Crossroads GPS saw its preferred candidates win in 71 percent of the races in which it invested money.

Combined, Crossroads GPS and American Crossroads spent more on outside political messages than all other groups except the Democratic Congressional Campaign Committee, the National Republican Congressional Committee and the Democratic Senatorial Campaign Committee.

The companies that made direct contributions to American Crossroads
between Oct. 14 and Election Day are listed below, along with the amount
given and date of the donation.

What recession? Members of Congress collectively made 16 percent more money in 2009 than 2008. And this week's PolitiQuizz asks you to delve into the personal finances of the nation's lawmakers.

According to a new study by the Center for Responsive Politics, 261 federal lawmakers are millionaires, and members of Congress are making their money on everything from real estate to entertainment to financial investments. So, we want to know�

Who is the single wealthiest member of Congress, and how much is he or she worth?

The first person to leave the correct answers in this blog post's comments section will win a free copy of The Blue Pages: Second Edition, the new money-in-politics book for which the Center for Responsive Politics provides data and analysis.

Answers will be accepted until 5 p.m. Friday. Results will be posted as part of next Monday's PolitiQuizz. (Make sure to provide your e-mail address so we may contact you if you win!)

In last week's PolitiQuizz, we asked you to track down the biggest of big-spending political action committees this election cycle. We asked:

Which PAC contributed the most to political candidates during the 2010 election cycle?

From major players like AT&T and Democratic heavyweight ActBlue to Tea Party-funder Koch Industries, there was no shortage of reader suggestions. However, one PAC out-spent them all.

The answer is� Honeywell International.

Manufacturing titan Honeywell International's PAC doled out about $3.5 million in campaign contributions during the 2010 election cycle, while giving 55 percent of their funds to Democrats, according to the Center's analysis of federal filings. The company edged out PACs for AT&T, which gave $2.7 million, and the International Brotherhood of Electrical Workers, which donated $2.6 million.

Congrats, Keith Orchard -- you're this week's winner! Since you were the first to guess the correct answer, you will receive a free copy of The Blue Pages: Second Edition. To everyone else, better luck next time!

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Wednesday, 8 December 2010

Making Money Secrets

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