Rep. Carolyn Maloney lends her campaign nearly $1 million in the race for the 12th congressional district
Rep. Carolyn Maloney has personally poured nearly $1 million into her re-election campaign, leaving her with more money to spend than Rep. Jerry Nadler and challenger Suraj Patel combined ahead of Manhattan’s high-profile primary between the incumbents. for a long time.
Maloney confirmed in a statement on Saturday that she loaned her campaign $900,000 from her “retirement savings.”
“I take every race seriously – including when it was announced that Republican-contested district lines would change, as well as a new primary election date of August 23, and worse that I would be dragged into a primary. against my colleague,” she said. referring to the redistricting process that pitted her against Nadler in the 12th congressional district and delayed the congressional and senate primaries until August.
Maloney’s contribution is listed as a “loan” to her campaign, meaning she is eligible to be repaid by her campaign committee. But campaign loans are often just donations that aren’t repaid. FEC recordings show Maloney has already loaned $300,000 to his campaign in the 2020 election cycle. So far, she has only said she has repaid $50,000 of that total. Maloney is one of the wealthiest members of the House of Representatives based on disclosure reports, with a net worth of about $13 million in 2018, according to campaign finance website Open Secrets.
Second-quarter filings were due to be delivered to the Federal Election Commission on Friday, showing where candidates are getting money from and how they are spending it, less than a month before early voting begins on Aug. 13.
Maloney has grossed $2.9 million since January 2021, not including the loan, including $594,000 in the past three months alone. His campaign says donations this cycle come from 6,000 contributors. The Eastsider has spent a total of $1.8 million on its re-election campaign so far, including $540,000 in the second quarter, leaving it just over $2 million on hand.
Nader, meanwhile, has brought in $1.4 million in total donations since January 2021, including $520,834 in the past three months. The Westsider spent $829,000, including $134,000 from April to June. He now has $1.2 million in cash.
A spokesperson for Nadler did not mention Maloney’s personal loan in a statement that expressed confidence in his ability to fund a successful campaign.
“Our campaign has generated incredible grassroots enthusiasm – we have the resources we need to run a campaign that will speak to every voter,” said Julian Gerson. “We are incredibly honored that thousands of supporters have provided Jerry with the funds he needs to discuss his leadership record with New Yorkers and win in August.”
Without Maloney’s loan, the contestants raised similar amounts from April through June, with Maloney raising $594,000 and Nadler bringing in $518,000.
Another Democratic primary candidate, former Obama aide Suraj Patel, was not far behind. Patel, who unsuccessfully challenged Maloney in the last two primaries, raised $460,000 in the second quarter, spent $441,000 and said he had $563,000 on hand. The fourth candidate on the ballot, Ashmi Shet, said he raised less than $5,000 and only has $485 left on hand.
In a statement, Patel attacked the incumbents, saying they were “desperate to keep their seats”.
“That’s why they first tried to gerrymander their own lines to avoid competition, and now that’s why they’re both raking in the corporate PAC money, and why Carolyn Maloney loaned herself nearly million dollars,” Patel said. “Nadler and Maloney can’t buy this election because our message is already resonating with voters who are tired of the status quo, who are looking to the future and ready to turn the page with new ideas, new energy and a new case for New York stocks.