Sep 13, 2024 Story by: Editor
Steven Horsford, a key member of the Congressional Black Caucus (CBC), represents Nevada’s 4th Congressional District. Known for his advocacy on issues like economic justice and healthcare, Horsford’s campaign finances offer insights into the interests backing his political career. By examining the data available from OpenSecrets.org, we can better understand the key players and sectors that contribute to his campaign.
Top Contributors and Donor Categories
According to OpenSecrets, Horsford’s campaign is supported by a variety of individual and organizational donors. His top contributors reflect the breadth of his political reach:
Labor Unions: Among his leading contributors, labor unions feature prominently, a sign of his commitment to worker rights. For example, in the 2022 election cycle, unions contributed over $115,000 to his campaign. This strong financial support reflects Horsford’s pro-labor policies, especially in advocating for fair wages and workers’ protections.
Healthcare Sector: The healthcare industry also plays a significant role in funding Horsford’s campaigns. Donations from healthcare professionals, organizations, and PACs totaled $132,200 during the most recent election cycle. This indicates the importance of healthcare reform in his legislative agenda.
Finance and Insurance: The financial sector, including insurance companies, has also been a notable donor. In 2022, the industry contributed $101,000 to Horsford’s campaign. The donations suggest the financial sector’s vested interest in legislative matters such as financial regulations and economic policies.
Industry Breakdown of Campaign Contributions
The top industries donating to him include:
Real Estate: With contributions amounting to $96,525, the real estate industry reflects its stake in housing and infrastructure policy.
Legal Services: The legal industry, comprising lawyers and law firms, donated $83,450, possibly indicating interest in his positions on judicial reforms and regulatory frameworks.
Energy Sector: Contributions from the energy sector, which totaled $64,950, highlight Horsford’s potential influence in shaping energy and environmental policies.
PAC Contributions
In addition to individual contributions, Horsford’s campaign has been heavily supported by Political Action Committees (PACs). Data from OpenSecrets shows that PACs contributed a total of $1.35 million to his campaign in the 2022 cycle. Among these are PACs representing labor unions, healthcare, and finance sectors, demonstrating broad institutional support for his political efforts.
Conclusion
Steven Horsford’s funding sources reveal a broad coalition of support from unions, healthcare professionals, real estate, and the financial industry. The diverse range of contributors, coupled with significant backing from PACs, underscores his influence in key policy areas such as healthcare, labor, and finance. These financial backers are crucial to understanding the priorities and influence shaping Horsford’s legislative decisions. Source: OpenSecrets
