No Limit Records: A VitterPAC Update with $1.79m in the Bank
For those of you following the most important story in Louisiana politics (cause nothing beats a Governor’s race), David Vitter’s campaign non-campaign SuperPAC packed away $1.79m for Vitter’s 2015 race. You can now count the SuperPAC as one of the largest campaign purses in the state, around the same size as other Gubernatorial candidates-in-waiting MAIN CAMPAIGN accounts of bigtimers such as John Kennedy, Jay Dardenne, or Mitch Landrieu.
In essence, a headless SuperPAC, the Deus ex machina of political campaigns, is tallying up the big money without Vitter’s such much as dialing a number (although to be fair, Vitter has appeared on behalf of the Fund for Louisiana’s future at least once, and of course transferred some of his own campaign funds to the cause). And how is this thing garnering so much cash without a candidate pushing the oarsmen?
In May, New Orleans federal judge Martin Feldman ruled that, based on a 2010 Supreme Court ruling, Louisiana can’t enforce its limit of $100,000 donations for advocacy groups. The High Court ruled that spending money on advocacy is an exercise of free speech, which cannot be regulated. Less than two months later, the American Chemistry Council broke the $100,000 donation threshold for the Vitter Super PAC.
Overall, the Fund for Louisiana’s Future took in $623,968 in the three months through June 30, on top of $157,500 received in the first three months of 2014. That’s brought the group’s cash on hand to a robust $1,796,733.
Among the biggest donors for 2014, were $100,000 each from Tracy Krohn, CEO of W&T Offshore Inc. of Houston; and Daniel Heard, a retired investor from Houston. Since its creation in 2013, the Fund for Louisiana’s Future has received five donations of $100,000 or more. Galliano Marine Services of Cut Off and GMAA LLC of New Orleans gave $100,000 in 2013.
Other top donors during 2014 included Hilcorp Energy Co. of Houston, $45,000; 4K Marine LLC of Morgan City, $40,000 and Texas Petroleum Investments Co. of Houston, $30,000.
Oh, that whole “no limits” thing.
The Fund For Louisiana’s Future: No limits, Setting Records.