Federal Politics

Published — July 1, 2010 Updated — May 19, 2014 at 12:19 pm ET

U.S. Chamber boosts election budget to $75 million

Introduction

Tom Donohue, the combative president of the U.S. Chamber of Commerce, is upping the ante for the fall elections.

The Chamber aims to raise $75 million for the business behemoth’s electoral efforts, a 50 percent jump from its earlier stated goal of $50 million, Donohue said in a tough closed-door speech on June 28 to about 100 business and industry group leaders, according to a source who attended the meeting.

If it can haul in the $75 million, which is expected to go heavily into issue ads and get out the vote efforts in a few dozen key House and Senate races, the Chamber would likely be the biggest spender among outside groups helping the GOP. The lion’ share of the Chamber’s political spending in elections has historically benefitted Republicans.

The Chamber’s ambitious $75 million goal would be more than double the $36 million that it spent in 2008, the group’s previous high.

Donohue’s speech was delivered at the Chamber’s semi-annual meeting of its elite “Committee of 100” at a resort in Rancho Palos Verdes, Calif. He urged the business community to work together to “change the composition” of the Congress, the source said.

The Donohue talk also was laced with criticism of President Barack Obama “for his lack of leadership on the economy and in creating jobs and the right atmosphere,” said the source, who spoke on condition of anonymity. Among those in attendance were Tom Kuhn of the Edison Electric Institute and former Oregon Sen. Gordon Smith, now with the National Association of Broadcasters.

Besides announcing the Chamber’s new $75 million target for its political efforts, Donohue separately was upbeat about the prospect of working more closely on key issues with the often more moderate Business Roundtable, a group of powerful corporate chief executives. According to the source who heard Donohue’s remarks, the Chamber leader noted with pleasure that in a recent speech in Washington, Ivan Seidenberg, the chief executive of Verizon Communications Inc. and the current head of the Business Roundtable, had echoed much of the harder line that the Chamber has adopted towards White House policies and the Democrats’ agenda.

The tough rhetoric from Donohue comes after a year in which the Chamber spent tens of millions of dollars in an unsuccessful drive to block the Obama administration and Congressional Democrats from passing an expensive health care reform package. Similarly, the Chamber has spent millions of dollars more to oppose key parts of the sweeping financial regulatory overhaul – including an abortive effort to kill a new consumer financial protection agency. The financial reform bill was approved by the House this week and is expected to win Senate passage after the July 4 recess.

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SOUTH JERSEYTed SiroisMark SullivanTom LarkinAnonymous Recent comment authors
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Mark Sullivan
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Mark Sullivan

Trump needs to conduct these activities because the entire MSM media, excluding Fox, is campaigning against him 24/7/365.

Didn’t Monica’s boyfriend’s wife and various criminal enterprises outspend Trump by almost 2-1?

CapitalistRoader
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CapitalistRoader

Why wouldn’t he get an early start on fund raising? Hillary outspent him two-to-one in 2016. The Dem’s are the party of big money. The President knows this and is attempting to get a jump on it. Of course the Dem candidate will outspend him in 2020 so it’s only rational that he starts fund raising now.

George Young
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George Young

Oh brother. We just 8 years of the Campaigner – in – Chief. Where was this journalistic rectal thermometer then. Just another article about 2000 words too long that merely takes another slap at Trump for something he far from initiated.

j stevenson
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j stevenson

The big difference between Trump and all the rest is his refusing to accept funds from lobbyists, so they don’t have the White House access they are used to. These are the donors who buy the presidency and are as pixxed off that he won the election as are the media and the Dems. Lobbyists have never been shut out of the WH and Trump has told them he is not for sale.

Anonymous
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Anonymous

Trump needs to be impeached and tossed in prison. Then have the key thrown away so he will never be free. Then he can see how it feels not to have freedom.

Mark Sullivan
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Mark Sullivan

Thank you for the usual insightful leftist low IQ Snowflake response.

barney
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hes not imprisoning them hes sending them back to their country chill tf out

SOUTH JERSEY
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SOUTH JERSEY

WHY DONT YOU HAVE FREEDOM?

Tom Larkin
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Tom Larkin

First, something positive. I was happy to learn of empirical information in article. BUT, the article was so slanted against President Trump as to be deemed fake news (“Perhaps Trump just lied.” (Two different issues)). The article mentions that President Trump raised over $67 million, but ended 2018 with $19 million. President Trump spent over $40 million 2016 and 2017. President Trump conducted 57 political rallies. The article notes the hats and T-shirts sold, but NEVER MENTIONS THE INCREASE IN THE NUMBER OF REPUBLICAN SENATORS during a mid-term election that lost the House and the number of political rallies in… Read more »

Ted Sirois
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Ted Sirois

At least Trump is getting donations from willing donors. Fresh from his first election, Obama used billions of our children’s tax dollars to save thousands of union jobs in the car industry and bailed out the banks and many Wall Street businesses. This secured his source of reelection funds for his reelection four years later.

South Jersey
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South Jersey

TRUMP 2020; IS AN AMAZINGLY SMART MAN! VERY ORIGINAL & CREATIVE. I AM HAPPY TO HAVE HIS AS POTUS.

SOUTH JERSEY
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SOUTH JERSEY

THIS ARTICLE WAS OBVIOUSLY WRITTEN BY, A TRUMP-HATE-GROUP. THAT FEELS; IT IS NOT NORMAL TO BE SUCCESSFUL WITH YOUR OWN BRAND NAME. WHEN, IF FACT, IT IS NORMAL! >>>>> THIS IS >>> FAKE NEWS!!! <<<< ie: A PACK-OF-LIES; SPUN INTO; DEFAMATION OF CHARACTER. FOR A SINISTER-AGENDA OF; FASCIST DEMOCRATIC SOCIALIST, COUP D'ETAT