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Wall Street & Special Interests Continue to Reward Tom Reed for Rigging the System Against Us

Reed Has Taken nearly $300,000 from Wall Street and the financial industry this cycle,and 60% (over $1.7 million!) of his campaign funds come from special interests

Jamestown, New York – New financial filings show that Wall Street, the financial industry and special interests are rushing to Congressman Reed’s defense so he can stay in Washington to continue rigging the system to their benefit and at our expense. These figures highlight Congressman Reed’s central role in Washington’s culture of greed and self-interest. U.S. Navy Captain John Plumb is holding an event on Tuesday to unveil his policy priorities for fixing our broken political system.

“Congressman Reed keeps making the problems in our rural communities worse by voting in Washington to rig the system in favor of big banks and special interests - and now they’re rushing to his defense and paying huge sums of cash to try to keep him in Washington,” stated U.S. Navy Captain John Plumb, candidate for Congress is New York’s 23rd district. “Tom Reed embodies the worst of our broken political system and it is deeply disturbing that he continues to get away with it while our working families suffer. Tom Reed spends his time in Washington putting special interests ahead of our district. I will do things differently and put service to our communities first."

Tomorrow, Captain Plumb is unveiling his policy priorities for fixing our broken political system in Ithaca.

Background: Congressman Reed has raised nearly $300,00 from Wall Street and the Financial Industry this cycle alone, while totaling over $1 million in contributions from this sector over the course of his time in Washington, according to the Center for Responsive Politics. Additionally, more than 60% of his funds have come from special interests this cycle. That should be no surprise as Reed has consistently voted for Wall Street at the expense of families here in Western New York, the Southern Tier, and the Finger Lakes:

Additional contributions from Wall Street and financial industry PACs for Congressman Reed in the third quarter of 2016 include:

PAC

Amount

Date

American Bankers Association PAC

$2,000

9/30/16

American Express PAC

$4,000

9/30/16

Bank of New York Mellon PAC

$1,000

9/8/16

Bond Dealers of America PAC

$1,000

9/27/16

CME Group PAC

$1,000

9/27/16

Credit Suisse Securities

$1,000

9/30/16

FMR PAC (Fidelity)

$1,000

9/30/16

Goldman Sachs Group, Inc. PAC

$1,000

9/26/16

Hartford Financial Services Group PAC

$1,000

8/8/16

Independent Community Bankers PAC

$1,000

9/30/16

Investment Company Institute (ICI) PAC

$1,000

9/30/16

JPMorgan Chase & Co

$2,000

9/30/16

LPL Financial Corporation PAC

$2,500

9/30/16

M & T And Wilmington Trust PAC

$1,000

7/28/16

Managed Funds Association PAC

$1,000

9/30/16

Morgan Stanley PAC

$1,000

7/26/16

Morgan Stanley PAC

$1,500

9/30/16

Mortgage Bankers Association PAC

$2,000

9/20/16

National Venture Capital Assn. PAC

$2,500

9/16/16

Options Clearing Corporation PAC

$1,000

9/27/16

Total

$29,500

John Plumb is a member of the United States Navy Reserve. Use of his military rank, job titles, and photographs in uniform does not imply endorsement by the Department of the Navy or Department of Defense.

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John Plumb is a member of the United States Navy Reserve. Use of his military rank, job titles, and photographs in uniform does not imply endorsement by the Department of the Navy or Department of Defense.

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P.O. Box 2016
Jamestown, NY 14702
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