Big money floods Georgia campaigns ahead of 2026 midterm battle
An Atlanta Journal-Constitution analysis of newly filed state and federal disclosures shows tens of millions of dollars in contributions and loans are rapidly restocking campaign accounts - the grist for the waves of TV ads, digital messaging and staffers that will soon blanket Georgia.
The early surge is only a taste of the massive spending expected to define Georgia's 2026 election cycle, when Democrats aim to retake the Governor's Mansion for the first time in nearly three decades and defend U.S. Sen. Jon Ossoff's seat.
But the cash infusion is already reshaping the playing field. With millions pouring in, candidates are building out their infrastructure months ahead of the traditional campaign season.
The race for campaign cash is also supercharged by a 2021 state law that allows nominees for governor, lieutenant governor and other legislative leaders raise unlimited funds through leadership committees - a tool that helped Gov. Brian Kemp and Democrat Stacey Abrams shatter fundraising records in their 2022 rematch.
The law is under fire by a top candidate for governor. Attorney General Chris Carr filed an ethics complaint on Thursday arguing it gives his GOP rival, Lt. Gov. Burt Jones, an unfair advantage by allowing Jones to stockpile millions while Carr and others can only raise a maximum of $26,400 from each donor.
Senate
Ossoff is a fundraising juggernaut. And so far, there's no runaway Republican favorite to challenge him.
A review of second-quarter disclosures covering April to June shows he didn't just close the quarter with more than $15 million in his campaign account. Federal records show the Democratic incumbent has raised more money since 2021 than any other member of Congress facing voters in 2026.
His total haul: nearly $42 million since his 2021 runoff victory - about $15 million more than the next closest U.S. senator on the list, Democrat Cory Booker of New Jersey, who built a national fundraising base during his 2020 presidential campaign.
The two most prominent Republicans in the race, by contrast, raised a fraction of Ossoff's haul. U.S. Rep. Buddy Carter reported $4 million on hand, aided by a $2 million personal loan. Insurance Commissioner John King disclosed about $450,000 in the bank.
That financial gap could encourage other Republicans to jump in. Former football coach Derek Dooley has met with key donors in Atlanta and Washington as he readies a potential bid. And U.S. Rep. Mike Collins of Jackson has repeatedly teased a run.
Governor
Jones is one of the wealthiest politicians in Georgia - and he's willing to put his money where his mouth is.
Jones, who confirmed the worst kept secret in state politics by officially entering the race for governor this month, reported roughly $14.3 million cash on hand - including a $10 million personal loan.
That ratchets up the pressure on Carr, who jumped into the race in November to get a fundraising head start. He has stockpiled about $2.7 million in the bank, with former U.S. Sen. Saxby Chambliss and ex-U. S. Rep. Tom Graves among his donors.
Also looming are two other Republicans who could marshal giant donor networks: Secretary of State Brad Raffensperger and U.S. Rep. Marjorie Taylor Greene of Rome.
The two most prominent Democratic contenders were on roughly equal financial footing, with both reporting about $1 million in the bank.
Democratic state Sen. Jason Esteves is drawing a chunk of his seven-figure haul from state party heavyweights, including former Gov. Roy Barnes, former Atlanta Mayor Shirley Franklin and Jason Carter, the party's 2014 nominee for governor.
Former Atlanta Mayor Keisha Lance Bottoms' donor list underscores her reach into national political and entertainment circles. The former Biden administration official reported contributions from Delaware Gov. Matt Meyer, U.S. Sen. Lisa Blunt Rochester, rapper Clifford "T.I." Harris and media mogul Tyler Perry. Bottoms raised $900,000 and lent herself an additional $200,000.
Congress
In races for Congress, some embattled incumbents are already facing financial pressure from would-be opponents.
Gainesville Mayor Sam Couvillon ended the quarter with nearly $300,000 in his campaign account - almost double the $170,000 raised by U.S. Rep. Andrew Clyde, the Republican incumbent he's challenging in next year's GOP primary.
And Democratic U.S. Rep. David Scott, who is facing several prominent primary challengers, ended the quarter with roughly $212,000 on hand, including a $45,000 loan to his own campaign. Much of his haul came from PACs; he raised just $141 from individual donors.
As for Carter's open Savannah-area seat, Republican Jim Kingston emerged as the early fundraising leader with more than $850,000 in the bank. Activist Kandiss Taylor, who ran for governor in 2022 on a far-right "Jesus, Guns and Babies" platform, reported only $3,000 on hand.
Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Hill
27 minutes ago
- The Hill
‘Tariff rebates' proposed: How would they work?
(NEXSTAR) — If you've been waiting and hoping for another stimulus check since receiving your last COVID relief payment in 2021, you may be in luck. Sen. Josh Hawley (R-Mo.) has introduced legislation that would send out 'tariff rebates' meant to 'allow hard-working Americans to benefit from the wealth that Trump's tariffs are returning to this country.' As The Hill reports, the rebates would be modeled after the payments sent out after Congress authorized the 2020 CARES Act. In that case, adults received direct payments of $1,200 and $500 for their dependent children. Hawley introduces bill to provide $600 tariff rebates to adults and children Unlike those payments, these rebates would serve to offset the higher prices consumers have faced amid tariffs. According to Hawley, the U.S. has recorded $30 billion in tariff revenue as of June. He cited additional projections that say the revenue could exceed $150 billion this year alone. Under Hawley's bill, however, the individual payments would be much smaller. How much would the tariff rebates be? Each adult would receive 'at least $600,' as would each dependent child. The total rebate for a DINK (dual income, no kids) household, for example, would be at least $1,200, while a family of four could receive $2,400. Payments could increase 'if tariff revenue exceeds current projections for 2025,' according to a press release from Hawley's office describing the proposed legislation. Who will — and won't — have a three-payday August Payments would also decrease based on household income. The bill's text says rebates would be reduced based on a taxpayer's filing status and their adjusted gross income. That income threshold is $150,000 for those filing a joint return; $112,500 for those filing as a head of household; and $75,000 for a single taxpayer. Who would be eligible for a payment? Hawley's bill does not explicitly outline who would be eligible, but rather who is ineligible. That includes: 'any nonresident alien individual'; those who can be claimed on another taxpayer's taxes; and estates or trusts. As we saw with the COVID stimulus checks, your most recent taxes would likely be used to determine your eligibility and the size of your payment. When could tariff rebates be sent out? It's too early to say, as Hawley's bill would still need to make it through Congress. President Donald Trump has expressed support for the idea, telling reporters last week that the U.S. has 'so much money coming in' because of the tariffs that 'we're thinking about a little rebate.' 'A little rebate for people of a certain income level might be very nice,' he said, while noting that 'the big thing we want to do is pay down the debt.' As of Tuesday, the federal deficit sits at roughly $36.7 trillion. If you would like to help pay it down, you can now use Venmo to contribute to the 'Gifts to Reduce the Public Debt' program.


Chicago Tribune
27 minutes ago
- Chicago Tribune
Union Pacific and Norfolk Southern seek 1st transcontinental railroad through a massive merger
OMAHA, Neb. (AP) — Union Pacific wants to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U.S, and potentially trigger a final wave of rail mergers across the country. The proposed merger, announced Tuesday, would marry Union Pacific's vast rail network in the West with Norfolk's rails that snake across 22 Eastern states, and the District of Columbia. The nation was first linked by rail in 1869, when a golden railroad spike was driven in Utah to symbolize the connection of East and West Coasts. Yet no single entity has controlled that coast-to-coast passage. The railroads argue a merger would streamline deliveries of raw materials and goods nationwide by eliminating delays when shipments are handed off between railroads. The AP first reported the merger talks earlier this month a week before the railroads confirmed the discussions last week. Any deal would be closely scrutinized by antitrust regulators that have set a very high bar for railroad deals after previous consolidation in the industry led to massive backups and snarled traffic. If the deal is approved, the two remaining major American railroads — BNSF and CSX — will face tremendous pressure to merge to create a second transcontinental railroad so they can compete. The continent's two other major railroads — Canadian National and CPKC — may also get involved. The Canadian rails span all of that nation and feed into America. CPKC rails stretch south into Mexico Some big shippers like chemical plants in the Gulf may be wary of the deal due to fears of a monopoly that could would wield immense influence over rates, but other major rail customers, like Amazon and UPS, may be in favor if it means packages will arrive more quickly and reliably. Those big companies, along with unions and communities across the country that the railroads cross, will have a chance to weigh before the U.S. Surface Transportation Board. Consumers could benefit if the transcontinental rail does reduce shipping rates and delivery times. Union Pacific said that combined, the railroads would improve delivery times. There's speculation that this deal might win approval under the pro-business Trump administration, but the STB is currently evenly split between two Republicans and two Democrats. The board is led by a Republican, and Trump will appoint a fifth member before this deal will be considered. Union Pacific is offering $20 billion cash and one share of its stock to complete the deal. Norfolk Southern shareholders would receive one UP share and $88.82 in cash for each one of their shares as part of the deal that values NS at roughly $320 per share. Norfolk Southern closed at just over $260 a share earlier this month before the first reports speculating about a deal. Union Pacific's stock fell nearly 2% to $224.98 in premarket trading, while Norfolk Southern's stock dipped more than 3% to $277.40. Union Pacific CEO Jim Vena, who has championed a merger, said lumber from the Pacific Northwest and plastics produced on the Gulf Coast and steel made in Pittsburgh will all reach their destinations more seamlessly. 'It builds upon President Abraham Lincoln's vision of a transcontinental railroad from nearly 165 years ago, and will usher in a new era of American innovation,' Vena told investors Tuesday. U.S. railroads have already undergone extensive consolidation. There were more than 30 major freight railroads in the early 1980s. Today, six major railroads handle the majority of shipments nationwide. Western rival BNSF, owned by Berkshire Hathaway, has the war chest to pursue an acquisition of CSX, to the east, if it chooses. CEO Warren Buffett is sitting on more than $348 billion cash and the consummate dealmaker may want to swing for the fences one last time before stepping down as planned at the end of the year. Buffett recently threw cold water on reports that he had enlisted Goldman Sachs to advise him on a potential rail deal in an interview with CNBC, but he rarely uses investment bankers anyway. Buffett reached an agreement to buy the parts of the BNSF railroad he didn't already own for $26.3 billion after a private meeting with its CEO more than a decade ago. Yet there's widespread debate over whether a major rail merger would be approved by the Surface Transportation Board, which has established a high bar for consolidation in the crucial rail industry. That's largely due to the aftermath of a consolidation in the U.S nearly 30 years ago that involved Union Pacific. It merged with Southern Pacific in 1996 and the tie-up led to an extended period of snarled traffic on U.S. rails. Three years later, Conrail was divvied up by Norfolk Southern and CSX, which led to more backups in the East. 'We're committed to making sure that doesn't happen in this case,' said Norfolk CEO Mark George. He added that the railroads will spend the next two years planning for a smooth integration before this deal might get approved. Just two years ago, the STB approved the first major rail merger in more than two decades. In that deal, which was supported by big shippers, Canadian Pacific acquired Kansas City Southern for $31 billion to create the CPKC railroad. There were compelling factors in that deal, however, that combined the two smallest major freight railroads. The combined railroad, regulators reasoned, would benefit trade across North America. The deal announced Tuesday would merge the nation's largest freight railroad, with the smallest. Union Pacific and Norfolk Southern said they expect to submit their application for approval within the next six months and hope the deal would get approved by early 2027. They predict that they would be able to eliminate $1 billion in costs annually, but Vena said that every union worker at both railroads should still have a job. The railroads also predict they would be able to boost revenue by at least $1.75 billion each year by winning more business from trucking companies and other railroads. On Tuesday, Norfolk Southern reported a $768 million second-quarter profit, or $3.41 per share, as volume grew 3%. That's up from $737 million, or $3.25 per share, a year ago, but the results were affected by insurance payments from its 2023 East Palestine derailment and restructuring costs. Without the one-time factors, Norfolk Southern made $3.29 per share, which was just below the $3.31 per share that analysts surveyed by FactSet Research predicted.


The Hill
27 minutes ago
- The Hill
Most support Trump immigration goal, but say approach goes too far: Survey
Most Americans support President Trump's immigration goals, but they argued that the administration's approach is overreaching, according to a new survey. The Wall Street Journal poll, released Monday, found that 62 percent of U.S. adults said they are supportive of the administration's deportation of migrants who are in the country illegally. Despite the support, many respondents are against two approaches that administration has taken to facilitate Trump's robust crackdown on illegal immigration: Mass deportation without due process and deporting immigrants to jails in countries other than where they are from. Both approaches received 58 percent opposition, the survey shows. Close to 60 percent of independents said the White House has gone too far in deporting migrants without granting them a hearing or sending them back without evidence that they are in the U.S. illegally. GOP voters are strongly supportive of Trump's immigration policies, with 90 percent of them being fully on board. Just 11 percent of Republicans said the administration has gone too far, according to the poll. Around 75 percent of GOP voters also signaled support for deporting migrants without giving them a chance to appear before a judge or sit for a court hearing. Amongst all Americans, the support is at around 39 percent, the poll revealed. Nearly two-thirds of Americans, 62 percent, said the administration is deporting as many people as possible, regardless of whether they have a criminal background. Around a third of U.S. adults said U.S. Immigration and Customs Enforcement (ICE) is mainly deporting migrants who are in the country illegally and have a criminal record, according to the poll. Earlier this month, a Harvard CAPS/Harris poll found that 60 percent of voters support Trump's push to close the border. The survey showed that 75 percent of Americans are supportive of the administration's push to deport migrants who are in the country without authorization. The Wall Street Journal survey was conducted from July 16-20 among 1,500 registered voters. The margin of error was 2.5 percentage points.