Republican Super PAC Spends Against Republicans

Posted April 15, 2014 at 2:56pm

The war chest of a Republican-oriented Super PAC has been filled by three donors giving hundreds of thousands of dollars in March, but the funds are being spent against a Democrat and several Republicans.  

Ending Spending Action Fund , the super PAC of a 501c4 non-profit organization, reported it had receipts of $1,350,000 and disbursements of $375,438 during the first quarter of the year, leaving $977,621 cash on hand as of March 31st.  

The super PAC founder, J. Joe Ricketts, former CEO and chairman of T.D. Ameritrade, gave $550,000 on March 17th. Paul Singer, CEO of Elliott Management Corporation, gave $350,000 on March 18th. The Baupost Group LLC of Boston, Massachusetts, gave $450,000 on March 28th.  

The super PAC was set up to educate and engage taxpayers about wasteful and excessive government spending.  

During the first quarter the super PAC made $174,958 in independent expenditures against Rep. Walter Jones, R-N.C., and $150,075 against candidate Michelle Nunn, D-Ga., in the Georgia Senate race.  

Since the beginning of April, the super PAC has spent $150,319 more against Senate candidate Michelle Nunn, D-Ga.; $498,422 against Rep. Phil Gingrey, R-Ga.; $46,833 against Rep. Walter Jones, R-N.C.; and $70,273 for former Sen. Scott Brown, R-Mass., for his U.S. Senate race in New Hampshire.