FEC Report for Sinema’s First Quarter as an “Independent” Shows Her Support Has Absolutely Collapsed Among Grassroots Donors – While Private Equity Keeps Thanking Her for Saving the Carried Interest Loophole
Last week Kyrsten Sinema filed with the FEC and her over $2 million haul from the first quarter is rife with donations from private equity, Wall Street executives, Republican donors…and Anthony Scaramucci?
As reported by NBC, the vast majority of Sinema’s Q1 filings came from big dollar donors who gave $3,300 or more, while just 0.3% came from small dollar donors. Meanwhile, Sinema’s opponent Ruben Gallego had a historic quarter, raising $3.7 million – 98% coming from small dollar donors.
Here are additional takeaways from Sinema’s 2023 Q1 filing, as compiled by the Replace Sinema PAC research team:
- Of the $2 million she raked in, only $5,536 is from small donors (under $200)
- $967,962 from Wall Street & financial services
- $664,975 from private equity – including $530,000 from just three firms:
- Blackstone: $286,850
- The Carlyle Group: $196,400
- KKR: $53,700
- (Gee do you think it had anything to do with this?)
- $108,700 from hedge funds
- $72,000 from venture capital
- $664,975 from private equity – including $530,000 from just three firms:
- $231,000 from corporate pacs
- $84,875 from lobbyists and lobbying firms
- $82,052 from the energy sector
- Including $15,350 in oil & gas
- PAC checks from ExxonMobil, Duke Energy, PG&E, and more
- $35,900 from telecoms – mostly Comcast and Verizon
- $29,515 from pharma and biotech
- PAC checks from Merck, Novartis, GlaxoSmithKline, and others
- $19,000 from Palantir employees (Peter Thiel’s company)
- At least $13,000 from No Labels
- $10K check from No Labels PAC
- Other notable contributions include:
- $1,000 from Roy Bailey, who was a Trump finance co-chair.
- $10,000 from Denali PAC, Lisa Murkowski’s PAC
- $1,000 from Salmon PAC, ex GOP Rep Matt Salmon’s PAC
- $1,000 from Alticor PAC, holding company for DeVos family MLM businesses
- $2,900 from Angela Chao, sister-in-law of Mitch McConnell
- $6600 from Anthony Scaramucci (yes, that guy)
Compared to the previous quarter, Q4 2022, she’s raised significantly more from private equity and max-out contributors and even less from small donors.
“Kyrsten Sinema’s first quarter with her new political label shows that as far as the billionaires, investors, and lobbyists who fund her campaign, absolutely nothing has changed,” said Sacha Haworth, spokesperson for the Replace Sinema PAC. “And since Wall Street, Big Pharma, corporate PACs, and other special interests are still writing her checks, it’s safe to say Sinema will continue to do their bidding in the Senate.”
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