For Immediate Release |
Contact: |
Bob Biersack |
October 5, 2007 |
|
George Smaragdis |
| |
|
Michelle Ryan |
PAC ACTIVITY CONTINUES CLIMB IN 2006
WASHINGTON - Financial activity by political action committees (PACs) increased during 2005-2006 when compared to the prior two-year period, according to figures compiled by the Federal Election Commission. From January 1, 2005, through December 31, 2006, PACs raised $1.086 billion (up 18% over 2004) and spent $1.055 billion, up 25% over 2003-2004. Cash on hand as of December 31, 2006, for the 5,091 PACs totaled $286.4 million.
PAC contributions to federal candidates during 2005-2006 totaled $372.1 million, up 20% from 2003-2004. Most of the money - $348 million - was given to candidates seeking election in 2006. The remaining $24.1 million went to candidates running for office in future years, or to debt retirement for candidates in past cycles.
The following table summarizes PAC contributions from 1992 through 2006:
| |
2006 |
2004 |
2002 |
2000 |
1998 |
1996 |
1994 |
1992 |
| All Federal Candidates |
$372.1 |
$310.5 |
$282.0 |
$259.8 |
$219.9 |
$217.8 |
$189.6 |
$188.9 |
| Current Candidates |
$348.0 |
$292.1 |
$266.1 |
$247.9 |
$206.8 |
$203.9 |
$179.6 |
$179.4 |
| Senate |
$68.8 |
$63.7 |
$59.2 |
$51.9 |
$48.1 |
$45.6 |
$47.2 |
$51.2 |
| House |
$279.2 |
$225.4 |
$206.9 |
$193.4 |
$158.7 |
$155.8 |
$132.4 |
$127.4 |
(millions of dollars)
Incumbents continued to receive most of the PAC contributions as they have in previous elections. The following table shows the distribution of contributions according to incumbents, challengers, and open seat races over six election cycles.
|
2006 |
|
2004 |
|
2002 |
|
2000 |
|
1998 |
|
1996 |
|
Incumbents |
$279.3 |
80% |
$246.8 |
79% |
$213.4 |
76% |
$195.4 |
75% |
$170.9 |
78% |
$146.4 |
67% |
Challengers |
$36.3 |
10% |
$22.3 |
7% |
$28.5 |
10% |
$27.5 |
11% |
$22.1 |
10% |
$31.6 |
15% |
Open Seats |
$32.4 |
9% |
$41.3 |
13% |
$40.2 |
14% |
$36.9 |
14% |
$27.0 |
12% |
$39.8 |
18% |
(millions of dollars)
House candidates received $279.2 million from PACs, up 24% from the previous cycle while Senate candidates received $86.1 million, 13% above 2004 levels. Republican congressional candidates received $207.7 million, an increase of 18% from the previous cycle, while Democrats received $161.4 million, up 20% from the previous cycle.
The following chart provides PAC contributions and percentages by political party over several election cycles (in millions of dollars).
|
|
2006 |
|
2004 |
|
2002 |
|
2000 |
|
1998 |
|
1996 |
|
1994 |
|
SENATE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEM |
$35.3 |
41% |
$33.2 |
44% |
$31.9 |
46% |
$23.9 |
39% |
$20.7 |
43% |
$16.6 |
36% |
$23.9 |
51% |
|
REP |
$48.0 |
56% |
$42.8 |
56% |
$38.1 |
54% |
$37.4 |
61% |
$27.3 |
57% |
$29.0 |
64% |
$23.2 |
49% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HOUSE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEM |
$126.1 |
44% |
$100.5 |
43% |
$104.6 |
49% |
$99.2 |
51% |
$77.6 |
49% |
$77.3 |
50% |
$88.2 |
67% |
|
REP |
$159.7 |
56% |
$130.7 |
56% |
$107.2 |
51% |
$96.2 |
49% |
$80.7 |
51% |
$77.7 |
50% |
$43.9 |
33% |
(millions of dollars)
In addition to the $372 million in contributions, PACs made $37.8 million in independent expenditures for and against candidates. Of this, $23 million was spent on behalf of various candidates and $14.8 million was spent against them.
Some PACs (mostly nonconnected committees) also maintain nonfederal accounts and must therefore use a combination of federal and nonfederal funds to pay for activities that relate to both federal and state or local elections (e.g. overhead expenses, etc.). In addition to the federal receipts and disbursements discussed above, PACs reported spending a total of $144.5 million in nonfederal funds (sometimes called “soft” money) for these shared expenses. The following table lists PAC nonfederal spending in each two-year election cycle since 1992:
2006 |
$27,192,527 |
2004 |
$144,472,149 |
2002 |
$24,243,784 |
2000 |
$26,420,243 |
1998 |
$15,806,691 |
1996 |
$10,738,904 |
1994 |
$9,298,043 |
1992 |
$8,250,430 |
The top 10 committees reporting nonfederal spending in 2005-2006:
America Coming Together |
$9,345,224 |
Emily’s List |
$7,782,580 |
Gay and Lesbian Victory Fund |
$1,700,991 |
Democracy for America |
$1,373,631 |
21st Century Democrats |
$925,736 |
One America Committee |
$627,865 |
Mason Tenders District Council of Greater New York |
$460,636 |
The Wish List |
$419,526 |
New York State Laborers |
$418,276 |
Progressive Majority |
$360,354 |
The tables below provide data on PAC financial activity for 2005-2006 and comparable summary statistics for several previous election cycles. Other tables show the distribution of PACs by total amount spent and total contributed to candidates. Rankings of the “Top 50” PACs in various categories, such as money raised and spent are also included.
This release and accompanying statistics can be found on FEC’s website at www.fec.gov under Press Office.
Tables
PAC Financial Activity 2005-2006 [excel] [pdf]
PAC Contributions to Candidates [excel] [pdf]
PAC Independent Expenditures [excel] [pdf]
Summary of PAC Activity 1990-2006 [excel] [pdf]
PAC Contributions to Candidates 1994-2006 [excel] [pdf]
PACs Grouped by Total Disbursements [excel] [pdf]
PACs Grouped by Contributions to Candidates [excel] [pdf]
Top 50 PACs
Top 50 Corporate PACs
Top 50 Labor PACs
Top 50 Non Connected PACs
Top 50 Trade/Membership/Health PACs
Top 50 Cooperative PACs
Top 50 Corporation without Stock PACs
The Federal Election Commission (FEC) is an independent regulatory agency that administers and enforces federal campaign finance laws. The FEC has jurisdiction over the financing of campaigns for the U.S. House, the U.S. Senate, the Presidency and the Vice Presidency. Established in 1975, the FEC is composed of six Commissioners who are nominated by the President and confirmed by the U.S. Senate.
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