Busy fundraising Tuesday will yield Obama at least $2 million
President Obama will participate in four south Florida moneymakers on Tuesday, and the bounty could be well over $2 million. Previously, we had reported only two of the events, a campaign briefing for LGBT supporters and a reception with the president, both at a Hollywood, Fla. hotel.
But there's a lot more: The fundraiser-in-chief's cash cow of a day begins with a $10,000-per-plate lunch at a private residence in Palm Beach Gardens. A campaign official says about 60 people are expected for the lunch, which the Miami Herald says will take place at the home of Paula and Hansel Tookes. The Tookes have not been major political donors in the past.
At 3 p.m., Obama will briefly shift into non-fundraiser mode for an official event at Florida Atlantic University. He'll be promoting the Buffett rule, a proposal that would ask millionaires to pay higher taxes, which could affect some of the deep-pocketed donors he'll be schmoozing with throughout the day.
Then it's on to a hotel in Hollywood, Fla. for two more fundraisers: At a fundraising reception that features a musical performance by Grammy-winning artist John Legend, Obama will deliver remarks to an expected crowd of 850 people. General seating costs $500. At that price and expected attendance, the event would raise $425,000. But it will likely bring in more, as better seats were sold for between $1,000 and $5,000, according to the invitation. A limited number of $250 tickets were also made available through Gen44, the campaign's program to reach young contributors, according to an Obama campaign official.
Meanwhile, at the same hotel, the Democratic National Committee's LGBT Leadership Council will be holding a briefing for supporters, who are paying $2,500 or $10,000 for a chance to meet the president. Senior campaign and DNC officials will brief the crowd on the administration's efforts to advance LGBT rights. Obama will stop by and participate in a photo line.
By 8 p.m., Obama is scheduled to be in a cozier setting, giving remarks at the Golden Beach home of lawyer and Democratic fundraiser Jeremy Alters. The Miami Herald has an interesting blog post about Alters' melodramatic career, since he initiated a lawsuit against Bank of America that alleged the financial giant illegally charged overdraft fees, resulting in a $410 million settlement. Alters' dinner alone could bring in $900,000, as 60 people are expected to attend at $15,000 each, according to the Obama campaign. Alters has contributed nearly $350,000 to political campaigns over the years, according to an analysis of Influence Explorer data, including $35,800 to the Obama Victory Fund last year (a joint fundraising account between the Obama campaign and the DNC). He also raised—or "bundled"—between $200,000 and $500,000 for the Obama campaign in 2008. So far this year, he has already bundled between $50,000 and $100,000.
All of Tuesday's proceeds will go towards the Obama Victory Fund.