Congressman Paul Ryan (R-Wisc.) was selected today as Mitt Romney’s vice presidential running mate, bringing into his campaign someone who has mastered the fundraising game in Washingon, D.C.
Here are some quick facts on Ryan’s fundraising over the years, based on analysis of data from the Center for Responsive Politics.
- As Politico reports this morning, billionaire oil tycoons Charles and David Koch “have Ryan’s back.” In fact, Ryan has received $115,500 from Koch Industries employees and their PAC over the years--$65,500 to his campaign committee and $50,000 to his leadership political action committee, Prosperity PAC. That includes $15,000 from Koch Industries PAC in the 2012 cycle.
- Ryan has attended the secretive retreats the Koch brothers have each year with some of the country’s wealthiest Republican donors. And as recently as March, Ryan spoke at an event organized by Americans for Prosperity, a Koch-founded and funded organization. In 2011, Ryan was spotted having a $350 bottle of wine with Cliff Asness, a Koch retreat attendee.
- Congressman Ryan’s budget maintains the billions of dollars in wasteful subsidies for oil companies. Ryan’s campaign committee has received $244,250 in oil and gas contributions during his career.
- Ryan and his PAC have taken $44,250 this cycle from just under 50 registered lobbyists.
- Bloomberg reported in 2011 that, "Representative Paul Ryan’s budget proposal to end traditional Medicare for future generations would benefit private insurers, whose employees have given the Wisconsin Republican more money than any other industry," or $672,000 since 1997. So far this cycle, Ryan and his leadership PAC have received $173,225 from insurance interests.
- Top donors to his campaign and PAC in 2012 include executives at hedge fund Elliott Management ($35,000 in donations), Swiss banking giant UBS AG ($23,700), and pharmaceutical company Abbott Laboratories ($21,750).
- Top career donors to Ryan’s campaign committee include the PACs and employees of Northwest Mutual ($89,300), National Beer Wholesalers Association ($75,000), and AT&T ($74,850).
His ability to bring in cash will be an important asset to the campaign—and something he’ll have to use immediately, as the Romney campaign has already scheduled 10 fundraisers for him this month.