Home>Campaigns>Gottheimer amasses hulking $14 million warchest for re-election in NJ-5

Rep. Josh Gottheimer kicks off his re-election campaign in Paramus on May 1, 2022. (Photo: Gottheimer for Congress).

Gottheimer amasses hulking $14 million warchest for re-election in NJ-5

Three-term Democrat raises nearly $1.37 million in Q2

By David Wildstein, July 15 2022 9:00 am

The last three months was another whale of a fundraising quarter for Rep. Josh Gottheimer (D-Wyckoff), who raised a polypheme $1,366,573 and now has an illimitable $14,002,995 cash-on-hand as he enters the final four months of his bid for re-election in New Jersey’s 5th district.

Gottheimer has now raised a titanic $6,835,806 so far this cycle, and a cycloptic $25,312,358 since launching his first bid for Congress in March 2015.

In November, the co-chairman of the House Problem Solvers Caucus faces Republican Frank Pallotta, a former investment banker who ran against him two years ago.

Gottheimer defeated Pallotta by 31,842 votes, 53%-46%.  Pallotta spent more than $1.4 million of his own money on his campaign.

To get a rematch with the Human Fundraising Machine, Pallotta had through a primary with U.S. Marine combat veteran Nick De Gregorio.  He won by a narrow 1,469-vote margin.

Pallotta’s biggest booster in the Republican primary appeared to be Gottheimer, who deftly spent money communicating with GOP voters in a way that appeared to benefit the candidate he preferred to face.

Just weeks later, Gottheimer began running digital ads painting Pallotta as an extremist and highlighting his alleged ties to the Oath Keepers.

Pallotta has not yet filed his second quarter fundraising report with the Federal Election Commission.  As of May 18, he had raised just $315,948 —  including $50,000 he loaned himself — and had only $35,154 cash-on-hand three weeks before a hotly-contested primary.  It’s not clear if Pallotta is prepared to self-fund his 2022 race.

To equal Gottheimer’s stealth campaign account, Pallotta would need to raise $324,833 every day through the end of June.

Congressional redistricting made the 5th district more Democratic than it was, but President Joe Biden’s record-low national approval ratings and the traditional challenges faced by the party in the White House in mid-term House elections means Republicans have not given up on Pallotta.

Republicans held the 5th district seat for 36 years until Gottheimer, a former Clinton White House speechwriter, took out seven-term Rep. Scott Garrett (R-Wantage) by four percentage points in 2016 in a district that Donald Trump carried.

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