Despite the populist turns in both parties, incumbents and sitting federal officeholders are raking in PAC money at a far faster clip than their challengers, records show.
Why it matters: Main Street still values stability above uncertainty. There’s been lots of speculation about a corporate political realignment. But the current giving patterns don’t show a rush to angle or line up with change.
By the numbers: Seven incumbents in the nation’s 10 most competitive Senate contests — five Democrats and two Republicans — are far out-raising their challengers among corporate PACs and trade associations, according to Federal Election Committee data provided by OpenSecrets.
- Two open-seat races feature candidates who are sitting House members: Reps. Ted Budd (R-N.C.) and Tim Ryan (D-Ohio). Both are taking in far more corporate money than their opponents.
What they’re saying: “Given the…