Wealthy, self-funded candidates for federal offices rarely win, a recent analysis shows, but the two candidates from New Mexico who have contributed the most to their campaigns this year say they’ll buck that trend. The analysis from the Washington, D.C. publication Congressional Quarterly, which you can read by clicking here, found that, during the 2004 and 2006 election cycles, 54 of 62 candidates for federal office who triggered the so-called Millionaire’s Amendment lost. That amendment is activated in House races when a candidate contributes more than $350,000 to his own campaign, and it triples contribution limits for opponents from $2,300 to $6,900. In New Mexico, two Democratic U.S. House candidates – Harry Teague in the 2nd Congressional District and Don Wiviott in the 3rd Congressional District – have contributed enough to trigger the Millionaire’s Amendment in those House primaries. Wiviott has loaned his campaign $990,000. Continue Reading