Reposted from GOP.com
From The Hill
By Alexander Bolton
April 17, 2007
House Ways and Means Committee Chairman Charles Rangel (D-N.Y.) and Senate Finance Committee Chairman Max Baucus (D-Mont.) have set up a joint fundraising committee to collect political contributions they are receiving from lobbyists hoping to win the lawmakers' favor. ...
Rangel is one of several House Democratic chairmen who have been flooded with contributions from lobbyists and political action committees. ...
[Representatives from the business community] certainly are spending money to spend time with him [Rangel]. Rangel's fundraising has soared since he became chairman of Ways and Means, which has jurisdiction over tax, healthcare and trade policy, at the beginning of the year. Rangel raised $761,000, according to a new report he filed with the FEC, by far the most the 76-year-old chairman has ever raised in a three-month period.
Baucus has raised $1 million during the first quarter of 2007 ... He has $2.9 million in cash on hand, a Montana record. ...
Rangel's biggest benefactor this year has been Citigroup Inc. His campaign account received $7,500 from Citigroup's PAC and $41,300 from Citigroup employees.
Rangel's three-month receipts total is more than half of what he raised during the previous two years, according to campaign-finance records. ... In 2005, the last non-election year, the most Rangel raised during a three-month FEC reporting period was $315,000.
Rangel collected $144,000 through the Baucus-Rangel Leadership Fund ...
Rangel and Baucus have held two fundraisers in New York City for their joint account and they are planning more events. ...
[A] procession of lobbyists have already paid their respects. They include Linda Daschle, chair of the public policy group at Baker Donelson and wife of former Senate Majority Leader Tom Daschle (D-S.D.), who gave Rangel $2,000; Steve Elmendorf, former chief of staff to then-House Democratic Leader Dick Gephardt (D-Mo.); and Frederick Graefe, a partner at the Frederick Graefe law office. ...
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