SC-1: The Money Race
Candidates for South Carolina’s vacant first congressional district have loaned their campaigns hundreds of thousands of dollars, according to reports filed this week with the Federal Election Commission (FEC).
Former S.C. Sen. John Kuhn (RINO-Charleston) leads the way – loaning his campaign a whopping $500,000. Meanwhile S.C. Rep. Chip Limehouse (RINO-Charleston) loaned his campaign $400,000. Teddy Turner – son of liberal media mogul Ted Turner – gave his campaign $245,000, meaning that’s money he isn’t expecting to be repaid. Other big loans in the race were reported by trial lawyer Curtis Bostic ($100,000) and S.C. Sen. Larry Grooms ($100,000).
Aside from former S.C. Gov. Mark Sanford’s impressive $334,000 haul, Grooms (R-Berkeley) led the field of challengers in contributions – raking in nearly $224,000. That’s nearly twice as much money as his nearest competitor raised.
All told, Grooms has more than $208,000 to spend during the final ten days of the race – second only to Sanford, who has nearly $365,000 in the bank. Of course Sanford – who has enjoyed a sizable lead in the polls throughout the race – will likely save a significant portion of that cash for a likely runoff election in early April.
In South Carolina, runoff elections between the top two vote-getters are held two weeks after primary elections in which no candidate receives fifty percent of the vote.
While Grooms and Sanford appear to be the big winners in this report, several other candidates (Turner, Kuhn, Bostic and Limehouse) all have the resources to continue competing for this seat.
Also we fully expect there to be additional loans/ self-contributions made if campaigns feel they are close to earning one of those top two spots.
Here’s the candidate-by-candidate breakdown …
Contributions: $131,433 (Candidate contribution: $245,000), Expenditures: $345,257.29; Cash on hand: $99,178.82.
Contributions: $223,815.50 (Loans $100,000), Expenditures: $115,322.25; Cash on hand: $208,493.25.
Previous Cash on Hand: $120,660.55, Contributions: $334,397 (Loans $0), Expenditures: $90,342.58; Cash on hand: $364,714.97.
Contributions: $4124.90 (Loans $0), Expenditures: $5898.78; Cash on hand: $1,126.12. Debts: $2900 (filing fee).
Contributions: $55009.25 (Loans $0), Expenditures: $28,951.60; Cash on hand: $26,057.65, Debts: $931.83.
Contributions: $140,115 (Loans $400,000), Expenditures: $497,457.85; Cash on hand: $42,657.15.
Contributions: $4576.26 (Loans $0), Expenditures: $4538.91; Cash on hand: $37.35.
Contributions: $50103 (Loans $500,000), Expenditures: $418,707.95; Cash on hand: $131,295.05.
Contributions: $87,272.63 (Loans $100,000), Expenditures: $130,248.23; Cash on hand: $57,024.
Contributions $61,612.20 (Loans $0); Expenditures: $27,239.53; Cash on hand: $34,372.67, Debt: $3,584.35.
Contributions: $18,387 (Loans: $2,900); Expenditures: $11,319.99; Cash on hand: $7,167.01.