Jeb Bushs campaign slashed hundreds of thousands of dollars in salaries over the last three months as the struggling candidate's fundraising machine slowed to a more middling pace, new campaign-finance reports indicate.
No longer able to raise unlimited sums with his super PAC, Bush hauled in $13.4 million in the third quarter of the year for his campaign. Thats more than all of his GOP rivals except Ben Carson. But Bush also spent more than many of them, leaving him with about as much money in the bank as Marco Rubio. Ted Cruz has more.
Bushs campaign once saw its size and staff as its strength. But the newly released campaign-finance reports indicate it could be a liability if fundraising slacks further.
At least 64 Bush staffers have had their salaries cut or their positions changed to reduce their income, compared with the second quarter of the year when Bush announced his candidacy. The resulting savings, averaged out on a weekly basis, could reach $900,000 per quarter, according to a POLITICO analysis of the campaigns payroll. The cuts have ranged from the small for some staffers ($12 a week) to large reductions for four of the top campaign chiefs, each of whom took a $75,000 pay cut.
The Bush campaign payroll is still huge: nearly $1.7 million this quarter. It spent as much as $2 million more on various consulting-related services, from fundraising to legal compliance.
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http://www.politico.com/story/2015/10/fec-bush-214869#ixzz3oiHICCr7
