Ryan’s $4 Million: House’s Biggest

Rep. Paul Ryan (R-WI), House Budget Committee Chairman, speaks during the American Conservative Union Conference on March 6, 2014 in National Harbor, Maryland.

Photograph by Brendan Smialowski/AFP via Getty Images

Rep. Paul Ryan (R-WI), House Budget Committee Chairman, speaks during the American Conservative Union Conference on March 6, 2014 in National Harbor, Maryland.

Paul Ryan has the biggest campaign fund in the  House, at more than $4 million.

It’s not hard to explain why.

The Wisconsin Republican was Mitt Romney’s running mate on the party’s 2012 presidential ticket. He leads the House Budget Committee and sits on the tax-writing Ways and Means Committee. Visits to Iowa and other key states will keep his name in the national news and on the list of potential White House contenders in 2016, even as Ryan says he’s focused on his work in the House.

Ryan banked the $4 million after raising $1.4 million in January, February and March, his first full quarter raising money after announcing in mid-December that he would seek to lead Ways and Means in 2015. 

Eight other Republicans are among the 10 House members seeking re-election with the most campaign cash-on-hand as of March 31, according to Federal Election Commission data. Republicans are favored to hold their House majority.

Eight of the top 10 serve on Ways and Means or the Financial Services Committee, which also is a magnet for campaign donations from companies pursuing their interests in Washington. Most of these members also have amassed big campaign funds partly because of their longevity and political security. Unlike House members in close races, these 10 don’t need to spend most of the money they raise.

Here’s a look at the top 10. House members retiring or running for the Senate are excluded.

1. Paul Ryan, Wisconsin Republican: $4 million.

2. John Boehner, Ohio Republican: $3.3 million. The House speaker is the most dominant fundraiser in Congress. Boehner “collected more than $54 million in 2013, headlining or hosting almost 100 fundraising events,” according to his political office, Bloomberg’s Michael Bender reported earlier this month. Boehner is spending some of that on television advertisements in his district, where he has three little-known opponents in the May 6 primary.

3. Aaron Schock, Illinois Republican: $3.2 million. Schock sits on Ways and Means. He began his own Individual Retirement Account at age 14, according to the Almanac of American Politics.

4. Darrell Issa, California Republican: $3.1 million. Issa leads the Oversight and Government Reform Committee, which voted last week to hold former Internal Revenue Service official Lois Lerner in contempt. Issa also has clashed with Attorney General Eric Holder.

5. Lloyd Doggett, Texas Democrat: $3 million. The lone Democrat on this Top 10 list, Doggett sits on Ways and Means.

6. Scott Garrett, New Jersey Republican: $2.9 million. Garrett sits on the Financial Services Committee and leads its panel on capital markets and government sponsored enterprises. He represents one of the nation’s wealthiest districts, an area that takes in most of Bergen County.

7. Kevin McCarthy, California Republican: $2.8 million. McCarthy, the Majority Whip, is the third-ranking House Republican. He’s also on the Financial Services committee.

8. Pete King, New York Republican: $2.8 million. King is on Financial Services and is a former chairman of the Homeland Security committee.

9. Pat Tiberi, Ohio Republican: $2.7 million. Tiberi is on Ways and Means and leads its panel on select revenue measures.

10. Tom Price, Georgia Republican: $2.4 million. Price is a member of Ways and Means and formerly led the House Republican Policy Committee. Price was the featured speaker at a Bloomberg Government breakfast last week.

 

What do you think about this article? Comment below!