mulvaney, gop young gun, ran against democratic incumbent john spratt south carolina s 5th congressional district. race highlighted mitt romney s free , strong america pac s take congress back: 10 in 10 initiative 1 of top 10 house challenger races. mulvaney s involvement in defunct edenmoor real estate development in lancaster county, south carolina became campaign issue, mulvaney s opponents alleging misled lancaster county council , taxpayers provide $30 million in public funding real estate development , once public funds had been approved, mulvaney sold interest in development third party @ $7 million profit. mulvaney denied allegations , said project s failure due democratic economic policies. defeated spratt, had held seat since 1983, 55% of vote.
mulvaney s campaign against spratt aided 501(c)(4) organization named commission on hope, growth, , opportunity. group, established anonymous donors , run lobbyist scott w. reed, has been accused watchdog citizens responsibility , ethics in washington of violating federal campaign finance laws , disclosing false information internal revenue service.
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