The Conservative Political Action Conference is not the cash cow it once was for Republicans.
The conservative gathering, which draws attendees from across the country, used to be a no-brainer opportunity for lawmakers and presidential candidates to host fundraising events.
Last year, both Mitt Romney and Marco Rubio — then a long-shot candidate for Senate — held marquee events. Romney wasn’t officially running for office, but the one-time Massachusetts governor held a “Stars and Strikes: Bowling with Mitt” event that was hosted by more than a dozen prominent K Street names. Rubio, who was a CPAC keynote speaker that year, raised money with help from several lobbyists at Ruth’s Chris Steak House.
But this year, neither is doing a fundraising event, and Republican lobbyists and fundraisers say they aren’t the only ones who aren’t trying to cash in.
In part, the decline of money events can be traced to the controversy surrounding the three-day event that starts Thursday, according to K Street sources and Republican aides. More than a dozen sources declined to comment for the record about the fundraising decline, citing concerns about speaking publicly about CPAC, but one aide said recent publicity “feeds into” decisions not to hold events.
The heart of the controversy was the decision by CPAC organizers to permit GOProud, a group of gay conservatives, to participate in conference events. Several lawmakers and other right-leaning groups such as Concerned Women for America, the Family Research Council and the Heritage Foundation are boycotting the conference in protest.
A Republican lobbyist, who has hosted fundraisers in previous years during CPAC, said the politically sensitive dispute made for an undesirable fundraising environment.
“Controversy means people don’t want to fundraise around it,” the GOP lobbyist said.
Another factor, noted by a Republican Senate aide, is that presidential fundraising has been slow to start without a clear frontrunner.
“There seems to be this gap in timing that CPAC is falling into,” the aide said. “With presidentials delayed and the huge midterms, people are taking a breather.”
CPAC organizer David Keene downplayed the controversy as the reason for the drop-off in fundraisers.
“The fundraising usually takes place here because a prospective candidate is here, it isn’t directly associated with the conference,” Keene said. “The controversy has been a tempest in a teapot in D.C. ... [but] for everybody who has gotten upset, somebody has gotten attracted to it.”
Keene attributed the lack of auxiliary fundraising to potential presidential candidates waiting to get into the race.
GOP lobbyist Dan Mattoon also blamed the drop-off in fundraisers on the delay in starting what he called the “invisible primary” between Republican candidates before the Iowa caucuses in 2012.
“People have put a pause on getting involved, at least publicly,” the former National Republican Congressional Committee deputy chairman said. “The bottom line is the date of the CPAC conference seems this year at least to predate what activity you would normally see, what you saw four years ago, eight years ago.”
The limited fundraising on behalf of presidential candidates is also because there is a “lack of intensity and interest when it comes to presidential candidates,” according to one GOP strategist.
From left, Lisa Peng, daughter of Peng Ming, Grace Ge Geng, daughter of Gao Zhisheng, and Ti-Anna Wang, daughter of Wang Bingzhang, hold pictures of their imprisoned fathers during a House Subcommittee on Africa, Global Health, Global Human Rights, and International Organizations hearing in the Rayburn House Office Building titled “Their Daughters Appeal to Beijing: ‘Let Our Fathers Go!’”
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.