May 19 2013
The norm in campaign finance, traditionally at least, goes like this: The candidate files and sets up an account for campaign spending, receives funds for campaign purposes, then spends it, presumably to around zero by election day, on such as ads, printing and mailing, salaries, office space, polling, depending on the size of the campaign. Traditionally, campaigns are like the Snake River at Milner Dam, which is dewatered at the end of one stretch, then refills in the next one.
That still often happens when candidates are in competitive races, when they collect whatever they can and spend it down, because they can’t politically afford to leave resources on the table.
Nowadays, however, fewer congressional races are really competitive. If you’re one of those nearly impregnable incumbents – say, a Republican in Idaho (or, a Democrat in some other states) – you really don’t need but a fraction of the funds you take in. Most of your contributors aren’t donating because they think you need it to win; they have other agendas in mind. You wind up with excess cash.
The handling of that excess money has come up in the case of Senator Mike Crapo’s campaign treasury. Here’s some background.
In the cycle leading up to his last election in 2010, Crapo raised $5.1 million, which was added on to some cash he already had on hand. In the campaign he spent about $3.4 million, only a portion of what he had available but still far more than he needed, since that was about 34 times as much as his Democratic opponent, Tom Sullivan, spent. Crapo ended the 2010 cycle with about $3 million cash on hand, and has continued to raise money since, though he’s not up for re-election until 2016. As of the end of March, he had $3.4 million on hand. This is not an unusual situation; quite a few successful congressional candidates of both parties also are well padded. Continue Reading »Share on Facebook