April 12 (Bloomberg) -- The Republican Mainstreet
Partnership, a group of lawmakers who often vote against bills
backed by President George W. Bush, raised a record amount of
money in the first quarter, helped by current and former
executives of Goldman Sachs Group Inc.
Former Goldman Sachs senior partners John L. Weinberg, 78,
and John C. Whitehead, 82, known as the ``two Johns,'' were among
five donors who gave a combined $175,000 last quarter to a fund
supporting the partnership's members, Internal Revenue Service
disclosure forms show. Dinakar Singh, the current head of
Goldman's private investing business, also gave.
The 64 congressmen belonging to the partnership, including
Pennsylvania Senator Arlen Specter, have bucked Republican
leaders by voting with Democrats on their opposition to Bush's
tax cuts and their support for spending more on the environment
and health care. Republicans control the Senate with 51 of 100
votes and the House with 228 of 435 seats, which often can give
the Mainstreet Partnership lawmakers a decisive bloc of votes.
``It's a real race for the heart and soul of the Republican
party,'' said Stephen Moore, president of Club for Growth, a
rival group seeking to defeat Specter because they say he votes
too often with Democrats and has supported tax increases.
Nine senators and 55 members of the House belong to the
partnership. Five governors also belong, including California's
Arnold Schwarzenegger and New York's George Pataki. Mainstreet
Partnership members generally support more federal aid for
environmental and health-care programs than other Republicans and
are committed to deficit reduction. The partnership is airing TV
advertisements supporting lawmakers such as Specter.
Donations
Singh gave $100,000 to the group's Main Street Individual
Fund and Weinberg contributed $25,000. Whitehead, now chairman of
the Lower Manhattan Development Corp., gave $25,000, and James R.
Houghton, chief executive of fiber-optic cable maker Corning
Inc., donated $15,000. Robert W. Wilson of Brooklyn, New York,
rounded out the quarter's donor list with $10,000.
``A lot more people are willing to write checks to help the
moderates,'' Sarah Chamberlain Resnick, 33, the group's executive
director, said in a telephone interview. ``This proves that
moderates are not a dying breed.''
Weinberg and Whitehead served as co-chairman of Goldman
Sachs in the 1980s until Whitehead's departure in 1985. Weinberg
retired as senior chairman in May 1999.
Club for Growth
The Republican Mainstreet Partnership fund is ``the anti-
Club for Growth,'' Resnick said.
The Club for Growth backs Republicans committed to less
funding for social programs and lower taxes. Last month it said
it had spent more than $800,000 in advertisements portraying
Specter, 74, as supporting tax increases and often voting with
Democratic presidential candidate John Kerry, a Massachusetts
senator, according to the group's Web site.
The Club for Growth has raised $4.8 million since January,
2003 compared to $448,600 for the Main Street Individual Fund,
according to PoliticalMoneyLine, a nonpartisan group which tracks
campaign finance disclosures.
Moore said he has heard little of the Mainstreet Partnership
and considers the rival group a ``nonentity.'' Moore said he
doubts it can match his organization.
The Club for Growth also has 15,000 members who donate
directly to the campaign coffers of candidates supported by the
club. For instance, individual members of the Club for Growth
have donated about $1 million directly to Representative Patrick
J. Toomey who is running against Specter for Senate, Moore said.
527 Groups
The Republican Mainstreet Partnership and Club for Growth
raise unregulated money under a so-called 527 organizational
structure that has been popular with Democrats and criticized by
Republicans. The Republican National Committee filed a complaint
with the Federal Election Commission last month calling 527
groups illegal.
Billionaire George Soros is the biggest donor to such
groups, pledging more than $12 million to Democratic-leaning
groups aiming to defeat Bush in the November election.
The Republican National Committee is targeting its complaint
at groups seeking to influence the presidential election and
isn't focusing on the activities of the Mainstreet Partnership or
the Club for Growth, Resnick said.
Whitehead wasn't available to discuss this story, spokesman
Ed Novotny said. Houghton was traveling and couldn't be reached,
and Singh wasn't immediately available to comment.