bank of america

Eric Cantor's Wealth Can Tide Him Over

Although Rep. Eric Cantor,  R-Va., will leave his current job in January 2015, he won't feel the pain of other unemployed people, since his family wealth will easily tide him over until his next job.  

According to his personal financial wealth statement filed in May, and covering 2013, Cantor's major family assets include: $1 million to $5 million in stock of Domino's Pizza Inc. as well as $250,001 to $500,000 in stock options.; $1 million to $5 million in a note receivable for real estate development in Richmond Resources Ltd.; $500,001 to $1 million in a note receivable for commercial real estate with Richmond Resources Hickory Park LLC; $500,001 to $1 million in deferred stock units of Media General Inc.; $250,001 to $500,000 of stock in Qualcomm Inc.; $250,001 to $500,000 in Water Tower Associates LLC; $250,001 to $500,000 in SK Holdco LLC, a collision repair company; $250,001 to $500,000 in Thirteen Capital Associates; $250,001 to $500,000 in Bank of America bank accounts; as well as many other investment holdings.  

Republicans Take In Koch Money, Democrats Still Carry Debts

The six national party committees reported improved financial conditions by the end of February, but some committees still carry debts, and one committee received more than $100,000 from members of the Koch family and their company.  

The four Congressional committees benefited from PACs paying their yearly dues. Each brought in more than $1 million from PACs and other committees.  

Corporations Can Expect To Pay More For Conventions

Congress has taken steps to remove public funds from partially paying for national party conventions, but corporations, unions, and individuals will soon be on the hook for making up the difference.  

The Senate on Tuesday passed a bill by voice vote to end taxpayer funding for presidential party conventions and use those funds for researching pediatric cancer and other childhood disorders. The funds come from the $3 check-off on taxpayer annual returns.  

Democratic Senatorial Campaign Committee Goes $2.5 Million Up on Republicans

The Democratic Senatorial Campaign Committee reported raising $6.6 million during January and now has a $2.5 million advantage over the National Republican Senatorial Committee.  

The Democratic Senatorial Campaign Committee (DSCC)  reported receipts of $6,552,553 and disbursements of $3,571,468 during January, leaving $14,988,020 cash on hand, with debts of $2,500,000.