Bermuda isn’t just a popular tourist destination — it’s also a place where companies set up shop to avoid paying U.S. taxes. Those companies include Minnesota Republican candidate Mike McFadden’s firm, Lazard Ltd., a global investment bank that is incorporated in Bermuda for tax purposes.
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Senate Democrats, facing election challenges to their majority, continued to stockpile campaign money during the second fundraising quarter of the year, new figures show.
At least two incumbent Democrats who could see tough re-election contests in 2014 – Minnesota Sen. Al Franken and Sen. Kay Hagan of North Carolina — collected about $2 million each from April 1 through June 30.
Three Democrats seeking re-election in GOP strongholds raised roughly $1 million or more. Sen. Mary Landrieu of Louisiana led the way, collecting $1.7 million compared with $1.1 million raised by her best-known Republican rival, Rep. Bill Cassidy of Baton Rouge.
Democratic Sens. Mark Pryor of Arkansas and Mark Begich of Alaska announced raising $1.2 million and nearly $1 million, respectively.