Boehner Worth $80M to GOP

by InvestorPlace Staff | July 16, 2012 1:00 pm

investorpoliticsletters2 Boehner Worth $80M to GOP[1]Since becoming Speaker of the House in January 2011, John Boehner, R-Oh., has become a central figure in the Republican Party. He has been a vocal critic of the Obama administration, and helped the GOP form its hard line against any new tax increases. He’s also been a crucial party fundraiser.

How important has Boehner been to fundraising? According to figures released by his political team, Boehner has raised $80 million[2] for House Republicans and party candidates since taking the speaker’s office.

Boehner’s take comes from several different fundraising projects that he participates in. He has three fundraising arms that he is affiliated with, has appeared at National Republican Congressional Committee fundraising events, and uses his name on mailers to solicit donations.

Boehner’s own personal campaign committee raised $1.6 million in the second quarter of 2012. All together, Boehner’s fundraising projects raised $8.3 million between April and July. He gave $4.1 million of his haul to the NRCC during that quarter, and has transferred $20 million total during this election cycle.

As the Democrats mount an uphill challenge to take back the House, Boehner’s bucks will be key to the GOP holding onto their majority there.

– Benjamin Nanamaker, InvestorPlace Money & Politics Editor

The opinions contained in this column are solely those of the writer.

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Endnotes:
  1. [Image]: mailto:letters@investorplace.com
  2. Boehner has raised $80 million: http://www.politico.com/news/stories/0712/78515.html

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