1)Our examination o campaign fnance dataindicates that Randy Altschuler is undedprimarily by a combination o corporateinterests and his own personal wealth ratherthan individuals. This raises seriousquestions as to whether he is accountable tocorporate donors (or shares their vision as a“sel-fnanced” candidate), or to the workingamilies o the 1st Congressional District.
•Roughly two-thirds o Randy Altschuler’stotal contributions during the 2010 electionscycle (65%) were rom his own personalunds and PACs rather than to individuals.(See Table 1; also see point 2 below or whichindustry sectors provided the mostdonations.) By way o comparison, TimBishop provided no personal unds or hiscampaign. (Table 2)•Roughly $2 million o the $3 million Mr.Altschuler received (63%) is “sel-nanced”:Altschuler used his own unds or hiscampaign. (Table 1)Both Altschuler’s personal history and his statedpublic positions raise enormous concerns about hiscorporate connections and his willingness toadvocate or working amilies. A recent poll oundthat 71% o U.S. voters believe that outsourcing isharmul to the economy. Yet, Randy Altschuler hasbeen in the oreront o sending American jobsoverseas. In 2000, he ounded an outsourcingcompany called OfceTiger. Altschuler’s companyhad great success helping U.S. businesses cut costsand streamline their operations by helping themsend “back-ofce” work overseas. Instead o employing workers rom the U.S. to do white-collarwork like research or design, OfceTiger’s clientscontracted these tasks to OfceTiger's employees inplaces like India, Sri Lanka and the Philippines,where wages are much lower than the U.S. In a 2006documentary, it was suggested that OfceTiger is sosuccessul because they work their sta remarkablylong hours and eliminate breaks. By outsourcingwork to OfceTiger’s locations overseas, OfceTiger’sclients cut costs on the backs o American workers,and Randy Altschuler nancially reaped the benets.In contrast, Congressman Tim Bishop has recentlyintroduced legislation to orce companies todisclose when they route customer service calls tooverseas call centers (H.R. 6309). “My constituentsare rustrated that companies have prioritizedprots over customer service by outsourcing theircall centers,” Bishop has said. “I people would ratherpatronize businesses committed to employingAmericans, they should have that inormed choice.”(Senator Schumer o New York has introducedsimilar legislation in the Senate.)
2)A disproportionate share o RandyAltschuler’s contributions rom other thanhis own personal unds have been romcontributors associated with the fnancialservices industry and other industry groupswith a vested interest in lax regulation. Thislax regulation nearly led to the collapse o the U.S. economy in the all o 2008.
•Broken down by industry, an examination o the top 5 sources o contributions to theAltschuler campaign (individual and PACcontributions) shows that his donors aredisproportionately connected to industrysectors that would benet rom lax ederalregulation o the nancial services industryand related sectors. Specically, he received$217,546 rom the securities and investment
PAC Contributions$78,700 2%Individual Contributions$1,003,875 32%Candidate Self-Financing$2,010,213 63%Other$84,796 3%Total $3,177,584 100%
Table 1: Contributions by Source: Randy Altschuler
PAC Contributions$860,479 39%Individual Contributions$1,314,530 60%Candidate Self-Financing$0 0%Other$4,132 0%Total $2,179,141 100%
Table 2: Contributions by Source: Timothy Bishop