• News
  • Celebrities
  • Finance
  • Crypto
  • Travel
  • Entertainment
  • Health
  • Others

Despite post-election PAC money, Texas’ new GOP congressmen still in debt

Despite accepting nearly a quarter-million dollars from PACs since the November election, Texas’ three newest GOP congressmen had some $2 million in combined campaign debt at the end of 2010, according to Federal Election Commission data. Meanwhile, U.S. Reps. Lloyd Doggett (D-Austin) and Ron Paul (R-Clute) are at the top of the heap, cash-wise, compared to the rest of the Texas delegation.

U.S. Rep. Quico Canseco led the way with $1.15 million in debt, compared to about $140,000 in cash, according to an FEC report filed Jan. 31. After Election Day, Canseco raised about $140,000, including $90,000 from non-party political committees, such as PACs.

Nationally, Canseco’s debt was among the largest for a successful congressional candidate. U.S. Rep. Blaine Luetkemeyer (R-Mo.) had campaign debt of $1.29 million, but also has $370,000 cash — leaving him with a slightly greater net total (-$920,000) than Canseco (-$1.01 million). U.S. Rep. Diane Black (R-Tenn.) had debt of $1.05 million, but less than $40,000 cash — leaving her with a net total of about $5,000 less than Flores.

U.S. Rep. Bill Flores had about $730,000 in debt and $40,000 in cash. After Election Day, Flores raised about $150,000, including $110,000 from PACs.

U.S. Rep. Blake Farenthold had about $160,000 in debt and $30,000 in cash. After Election Day, Farenthold raised about $90,000, including $40,000 from PACs.

PACs donating to all three congressmen include groups affiliated with Koch Industries Inc., National Rifle Association, Texas and Southwestern Cattleraisers Association, and Valero Energy. The candidates also received donations from PACs for various associations and fellow GOP officeholders.

Canseco received money from PACs affiliated with companies including Anadarko Petroleum, BNSF Railway, ConocoPhillips, ExxonMobil, General Electric, Goldman Sachs, International Bank of Commerce, NuStar Energy and Zachry Holdings.

Flores received money from PACs affiliated with companies including Allergan, Anadarko Petroleum, AT&T, Atmos Energy, Brinker International (parent company of Chili’s Grill & Bar), Caterpillar, ConocoPhillips, DCI Group, Energy Future Holdings (formerly TXU), GE, Goldman Sachs, Koch Industries, L-3 Communications., Occidental Petroleum, PricewaterhouseCoopers, Space Exploration Technologies, Tesoro Petroleum, Textron and Trinity Industries.

Farenthold received money from PACs affiliated with companies including ExxonMobil, Fluor Corporation, IBC, Koch and Spectra Energy.

Read the Texas Independent for previous reporting on the freshman congressmen’s post-election fundraising.

Meanwhile, U.S. Reps. Doggett and Paul have the most campaign cash out of the Texas delegation. Doggett reported having $2.84 million at the end of 2010, while Paul had $1.86 million. Other campaign ‘millionaires’ include U.S. Sen. John Cornyn with $1.79 million, U.S. Rep. Joe Barton with $1.52 million and U.S. Rep. Jeb Hensarling with $1.45 million. Additionally, U.S. Rep. Pete Sessions had nearly $1.00 million, and U.S. Rep. Ted Poe had almost $950,000.

U.S. Rep. Pete Olson had a little more than $20,000 cash but $110,000 in debt. U.S. Rep. Michael McCaul had nearly $30,000 cash but $210,000 in debt. They were the only Texas congressmen to have more campaign debt than campaign cash, other than the three freshmen.

However, the Texan with the greatest amount of congressional campaign debt is Ben Streusand, who lost a GOP primary runoff against McCaul in 2004. As of Dec. 31, 2010, Streusand’s campaign had $3.49 million in debt (second-most in the U.S.) and $1.78 million in cash, for a net total of -$1.71 million (fourth-lowest in the U.S.).

Streusand, a banker and equity firm manager, is the Advisory Board Chairman of Americans for Prosperity-Texas. Recently, Streusand recorded an audio commentary “warning about an upcoming state and municipal debt crisis, and the prospects of another federal bailout.”

Read the Texas Independent for previous reporting on congressional fundraising.

The next quarterly FEC reports for candidates are due April 15.

Discussion & Comments (0)

    Recent Articles

    • Things You Should Know about North America

      Things You Should Know about North America

      Get to know more about North America.

    • Eurovision 2010 Paula Seling Unpredictable Contest

      Eurovision 2010 Paula Seling Unpredictable Contest

      Paula Seling's experience on the Eurovision stage led her to declare that "Eurovision is an unpredictable contest". Which may explain the success of the young Lena from Germany, about whom the predictions before the event did not offer much chances for victory.

    • VIPRow.me - The Best Sports Streaming Website Today

      VIPRow.me - The Best Sports Streaming Website Today

      Have you ever contemplated creating a user-friendly site dedicated to sports-related free live streaming channels?

    • Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      XNXUBD 2022 Nvidia users are able to watch thousands of videos and other contents online. XNXUBD 2022 Nvidia New is a piece of software that enables people to watch videos online without having to pay for memberships. On a graphics card, the XNXubd also provides some of the best gaming and virtual reality experiences.

    • Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      A new edition of the Video Editor Apk for xVideostudio.Video Studio has all the latest features, including support for multiple video download formats in HD, FHD, and even 4K resolutions.

    • 9 Best Lotion For Masturbation - Popular Choice For 2022

      9 Best Lotion For Masturbation - Popular Choice For 2022

      Masturbation is a common activity for men and women. It's a natural and risk-free way to explore your body, experience pleasure, and release sexual tension.

    • Reasons Why You Need To Stop Watching Movies From Sflix

      Reasons Why You Need To Stop Watching Movies From Sflix

      Without having to sign up or pay anything, you can watch movies online for free with SFlix. It has more than 10,000 movies and television shows.

    • Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Collins (born May 11, 1997) is a rapper from the United States. Leray started publishing songs to SoundCloud in 2014, and in 2018 she released her breakthrough track "Huddy" as well as her first mixtape, Everythingcoz.

    • Listen And Download Music On MyFreeMP3 For Free

      Listen And Download Music On MyFreeMP3 For Free

      Are you in a bind and looking for a place to obtain free mp3 songs? Never again will you need to bother, since this article has everything necessary to obtain your solution. Download free music from MyfreeMP3.com, one of the world's most popular websites.