Manchin’s defections helped raise funds


(Bloomberg) – His party reversal paid off for Sen. Joe Manchin who raised $1.6 million in the fourth quarter and a total of $4.8 million in 2021, his highest total ever in a non-election year.

The West Virginia Democrat’s haul in the last three months of the year includes hundreds of thousands of dollars from the financial sector and real estate donors, according to Manchin’s latest filing with the Federal Election Commission.

Along with Senator Kyrsten Sinema of Arizona, Manchin threw sand into the gears of President Joe Biden’s legislative agenda. Manchin announced in December that he could not support the Democrats’ $3.5 trillion spending bill that addresses a wide range of party policy priorities, citing, among other things, its price tag and impact on the energy industry. With the Senate evenly divided and all 50 Republicans opposed to the legislation, Manchin’s opposition effectively derailed the bill.

Read more: Biden’s economic agenda on hold as more Americans struggle

In January, after Biden called passing a rewrite of the country’s election laws a top priority, Manchin and fellow Democrat Sinema each announced they opposed changing Senate filibuster rules. that would have allowed a vote to be held.

Sinema’s campaign had yet to file its report, due Monday, with the FEC.

As Democrats, especially those in the party’s progressive wing, vented their frustrations at Manchin, deep-pocketed donors poured campaign money into his coffers.

Read more: Environmental groups launch blitz lobbying to push Biden Bill

Among them were Home Depot Inc. co-founder Kenneth Langone and his wife, Elaine Langone, who each donated the maximum $5,800. Richard LeFrak of the LeFrak organization and Ross Perot Jr. also peaked. Apollo Global Management Inc. donors combined to give $28,100, and included Chief Executive Officer Marc Rowan and Apollo Co-Chairman Scott Kleinman.

Financial sector contributors were the biggest source of funds for Manchin in the fourth quarter, donating $234,000. The real estate industry was second, at $116,000.

Manchin didn’t get much support from West Virginia donors in the fourth quarter. People who gave at least $200 donated $1.2 million, of which only $7,155 came from Mountain State residents.

Read more: Manchin open to liberal justice, good news for Biden

His loot for the year topped the $3.8 million he raised in 2017, the year before he was last elected to the Senate and his previous all-time high. Manchin will not face voters again until 2024.

©2022 Bloomberg LP

Previous Challenger Energy shares plunge following sharply reduced fundraising
Next A Sweet Slice of Rhode Island Campaign Fundraising Reports