Home>Congress>Pallotta raises nearly $147k to take on Gottheimer

Frank Pallotta

Pallotta raises nearly $147k to take on Gottheimer

Ex-Wall Streeter has put $25k of his own money in the race

By David Wildstein, July 13 2019 2:26 pm

Potential self-funder Frank Pallotta has raised $146,810 for his challenge to Rep. Josh Gottheimer (D-Wyckoff) in New Jersey’s 5th district, including $25,000 of his own money.

He has $115,153 cash-on-hand, according to the first-time candidate’s filing with the Federal Election Commission.

So far, Pallotta faces three other announced challengers for the Republican nomination: Montvale Mayor Michael Ghassali; former Cresskill Councilman John McCann, Gottheimer’s 2018 opponent; and teacher James Baldini.

“I am grateful for and so excited by the support my campaign has received since announcing my candidacy in mid-May,” Pallotta said.  “As I travel all across the district, one thing is clear — people believe that Josh Gottheimer and Nancy Pelosi are taking Washington, DC and this country, in the wrong direction.  I am committed to taking this seat back next November.”

Pallotta spent 25 years on Wall Street – and Goldman Sachs and Morgan Stanley — and now owns a privately-held mortgage advisory and consumer marketing firm, Steel Curtain Capital.

Gottheimer raised a massive $907,658 during the 2nd quarter of 2019 and has brought in more than $1.6 million in the first half of this year.  He now has a $5.7 million warchest.

Gottheimer raised $7,002,979 and spent $2,952,240 during his 2018 campaign, according to post-election reports filed with the Federal Elections Commission.  He defeated McCann by 41,291 votes in a district almost evenly divided between Democrats and Republicans that Donald Trump carried by one percentage point.

He ousted Rep. Scott Garrett in 2016 by a 51%-47% margin in a district that Donald Trump won by one percentage point – a 4,089-vote plurality.  Gottheimer, a former Clinton White House speechwriter, spent nearly $4.7 million –plus an additional $5.2 million spent by outside groups — to beat Garrett, who spent $4.2 million.

Pallotta has assembled a strong team of consultants, including Larry Weitzner and Barney Keller of Jamestown Associates and Pete Sheridan, a former New Jersey Republican State Committee executive director and longtime aide to ex-Gov. Chris Christie.

Also mulling a bid for the Republican nomination is Jon Dalrymple, Jr., a 29-year-old student at Warren County Community College.  He filed an exploratory committee last month.

Spread the news:
Filter by
Post Page
Articles Congress Highlight Local Bergen Sussex Campaigns
Sort by

Sussex GOP chairman endorses Pallotta, tells Bergen to have open primary

Scanlan slams McCann, says other candidates didn’t help him fight sanctuary state
March 13, 2020 4:54 pm


Pallotta wins Passaic GOP line

February 26, 2020 8:05 pm


Leave a Reply

Your email address will not be published. Required fields are marked *