Posted: Nov. 9, 2018
Almost 92% of federal candidates the National Thoroughbred Racing Association supported through its political action committee during the 2017-18 election cycle won seats in the Nov. 6 election, the organization said Nov. 8.
HorsePAC disbursed almost $400,000 to candidates representing 18 states, and 44 of the 48 it supported were victorious. The NTRA said the bipartisan political action committee supported 42 candidates for the United States House of Representatives and six candidates for the Senate.
The political split for the House was 22 Democrats versus 20 Republican, and for the Senate five Democrats and one Republican.
“The NTRA has enjoyed a number of successes in Washington, D.C., in recent years including the modernization of tax withholding and reporting that has put tens of millions of dollars back in the hands of horseplayers and federal tax reform that has stimulated new investment in Thoroughbred bloodstock,” NTRA President and Chief Executive Officer Alex Waldrop said. “Horse PAC remains an important tool in our NTRA legislative tool box as we work with elected officials to further the equine economy.”
The NTRA said HorsePAC, which has raised more than $4 million since it was launched in 2002 as part of the organization’s legislative affairs program, is geared toward legislators and candidates for office that serve or may serve on committees that deal with livestock and agricultural issues, Internet gambling, sports betting, pari-mutuel and bloodstock taxation, and immigration, among other issues. Some are members of the Congressional Horse Caucus.