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Wealth Gives Dewhurst Huge Money Advantage
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Race
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| Contributor | TX DEM |
| Last Edited | TX DEM Jul 16, 2012 08:51pm |
| Category | News |
| News Date | Jul 16, 2012 08:50pm |
| Description | U.S. Senate hopeful Ted Cruz, who has never held elective office, raised more money from individual contributors than longtime Lt. Gov. David Dewhurst between mid-May and June, reports released Monday show.
But Dewhurst, thanks to his vast personal fortune, has enjoyed better than a two-to-one financial advantage over Cruz in the Senate race so far.
As of June 30, Dewhurst had loaned himself a net $11.1 million, according to figures on a summary report provided to the Federal Election Commission. Cruz had loaned himself a net $800,000 by the end of June, the reports show. The figures reflect loan repayments made over the course of the race.
Dewhurst loaned himself a total of $4.5 million in the last reporting period, which covers May 10 through June 30. About $1 million in loans were made after the May 29 primary, records show. In that same period, Dewhurst raised about $1.5 million from individual contributors, while Cruz raised $1.7 million. |
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