From Deseret News archives:

Big $$ in 3rd District GOP race

Published: Monday, May 22, 2006 11:03 p.m. MDT
 |  E-MAIL | PRINT | FONT + - 
Utah's 3rd Congressional District will now become a primary spending ground for Republicans Chris Cannon and John Jacob — and much of the money may be their own.

Jacob impressed Utah's GOP establishment by coming out first in the May 13 state GOP Convention over incumbent U.S. Rep. Cannon to square off in a June 27 closed Republican primary election.

A successful water and land developer, Jacob says he will now pump between $100,000 and $300,000 — maybe even more — into his race over the next four weeks, promising to "spend what is needed to get myself known, my message out. But I will still be frugal."

His radio ads — and perhaps some TV ads as well — will start running after Memorial Day, Jacob said, as the primary race heats up in the final four weeks.

Jacob said up through the convention he contributed around $335,000 of his own funds to his campaign. His campaign spent upwards of $300,000.

At $635,000, Jacob's personal spending through the primary election would become one of the largest donations to a U.S. House race in Utah — although other wealthy candidates have spent much more on statewide races, such as governor and U.S. Senate.

And Cannon, also a millionaire, may have to start giving heavily to his primary race, as well.

Story continues below
Cannon did not return Deseret Morning News telephone messages for comment Monday. Earlier this year, Cannon told the newspaper that considering he's up against a millionaire who may spend freely, he may well spend some of his own money in this campaign.

"Yes, I could, and probably would," Cannon said.

Monday, Cannon's chief of staff, Joe Hunter, said, "If the day comes there is not enough money in the campaign account to do what we need to do, he can put up personal funds. That day has not arrived. We are raising money very rapidly."

In his first run at the 3rd District in 1996, Cannon spent $1.5 million of his own money unseating then-Democratic Rep. Bill Orton.

But since then Cannon's wealth has constantly dwindled, with personal finance statements filed with the U.S. House showing he could have lost as much as $20 million in unwise investments since first taking office. Outside of the public reports, which only show ranges of assets and debts, Cannon has consistently declined to give exact accountings of his personal assets.

House filings earlier this month show Cannon's wealth at between $2.1 million and $7.5 million, not including his personal house and cars.

Comments

You can be the first to comment on this story.

previousnext

Latest comments

Boys basketball rankings

Thank Bingham's former coach, George Sluga, for how good your team will be...

Girls basketball rankings

I know that preseason "rankings" mean nothing whatsoever, but 4A better keep...

Boys basketball rankings

Will the Broncos "finally" get out of the first round? With only 12 teams in...

Utes' Wynn in for awakening

Weird, I was walking to my car this morning, and I intercepted ANOTHER pass...

Ex-Aggie ties CFL playoff record

I think Chic is on the other side of the ball in that championship. Congrats...

No chance that erosion on the tiny island could also play a role?

After attending a Utah vs. BYU game in Provo, while walking to our car, my...

BYU would like friendlier rivalry

I've been going to Utah BYU games for years and have never seen Utah fans...

Climate-change debate heats up

gp asserts, "The concentration of CO2 in the atmosphere at 390 ppmv is...

Letters: Trump card for believers

in order to be aware that killing the unborn is wrong. Since when did this...

Advertisements