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WASHINGTON – Sen. Evan Bayh, D-Ind., has more than $12.7 million on hand to launch a re-election campaign next year, when he hopes Hoosiers will rehire him for a third six-year term.
Two Republicans vying for the GOP nomination and a chance to run against Bayh reported less than $20,000 each in their campaign accounts.
Bayh has been amassing a political fortune since his last re-election, when he had $6.6 million left over from a race that cost $2.9 million and gave him 62 percent of the vote.
Since the end of the 2004 election, Bayh has raised $5.8 million from individuals, who may give up to $2,400 for each election (for a total of $4,800 for the primary and general elections).
He raised $1.2 million from political action committees, which may give a maximum of $5,000 per election.
During the summer, Bayh received $475,000 from individuals and $112,000 from PACs, according to campaign disclosure reports filed with the Federal Election Commission.
About a third of his PAC contributions came from groups that represent energy or health care business interests, two of the major areas of legislation on which Congress is working.
During July, August and September, Bayh received $10,000 from NORPAC (for a total of $19,750), $5,000 apiece from the National Mining Association, Comcast Corp. (for a total of $7,000), and Washington PAC, $4,250 from Nucor Corp. ($10,000), and $3,000 apiece from Oppenheimerfunds Inc. and King & Spalding ($5,000).
He received $2,500 apiece from Freeport-McMoran Copper & Gold Inc., Alliance Coal, Pepsico, American Express, American Society of Plastic Surgeons and Northwestern Mutual Life Insurance Co. ($3,500), $2,400 from Patriot Coal Co., and $2,300 from Vectren ($10,000).
Bayh received $2,000 apiece from Time Warner Cable, Iron Workers Union ($3,000), Metlife Inc., U.S. Steel Corp. ($5,000), AK Steel Corp. ($8,000), Direct Selling Association ($4,000) and Massachusetts Financial Services.
He received $1,500 apiece from Arch Coal Inc., Consol Energy Inc. & CNX Gas Corp., Ch2m Hill Companies ($2,500), EQT Corp. and Joy Technologies.
He received $1,000 apiece from Charter Communications, Johnson & Johnson ($7,000), El Paso Corp., American Dental Association, United Mine Workers of America – Coal Miners ($3,000), Herbalife International Inc. ($2,000), K&L Gates ($2,000), Blank Rome, International Brotherhood of Boilermakers ($4,000), Microsoft, Westinghouse Electric Co., Pfizer Inc. ($4,500), Nisource ($5,000), Magellan Midstream Holdings, American Council of Life Insurers, Lockheed Martin Corp., Pacific Life Insurance Co. ($4,000), Independent Community Bankers of America ($6,000), Massachusetts Mutual Life Insurance Co. ($5,000), United Services Automobile Association ($3,500), Vanguard Group, Allstate Insurance ($3,000), Barnes and Thornburg ($4,000), Exxon Mobil, Farmers Group, International Power America, Knight Capital Group, Nortel, Oklahoma Independent Petroleum Association, Realogy Corp., Skadden, Arps ($5,900), and Southern Co. ($2,000).
He received $500 apiece from United Parcel Service ($1,000), Corning Inc. and Integra Bancorp.
Republicans Marlin Stutzman and Don Bates reported no PAC contributions since each became a candidate.
Stutzman had $17,790 on hand as of Sept. 30 but posted an $8,114 debt.
Stutzman has given his campaign $11,150 in loans and donations; he also reported a credit card “loan” of $5,765. He has raised $67,334 from individuals since declaring his candidacy.
Bates raised $35,095 from donors during the summer and loaned his campaign $17,850. He said he has $15,453 on hand.
