MADISON, Wis. — Republican millionaire businessman Eric Hovde and Democratic Sen. Tammy Baldwin are wasting no time going after one another.
Hovde easily captured the GOP nomination on Tuesday, officially setting the field in Wisconsin's closely watched Senate race. The seat in battleground Wisconsin is seen as essential for Democrats, who know they must win there if they hope to maintain majority control of the Senate. A win there for Republicans would dramatically increase their chances of gaining the upper hand in an election landscape that has Democrats defending far more Senate seats this year.
Hovde is banking on his deep pockets and an endorsement from former President Donald Trump to knock off Baldwin, a liberal Democrat who has honed her ability to appeal to key independent and moderate voters. He faced only nominal opposition in the primary and has been focused on Baldwin since he got into the race. He's already poured $13 million of his personal wealth into the contest in just four months.
''Tammy Baldwin has been in Washington for twenty-five years and things have only gotten worse,'' Hovde said in a statement after his primary win. ''It's time for change.''
Hovde said at a WisPolitics.com luncheon Wednesday that he expected Baldwin's side to spend $100 million on the race and there was no way he would come close to matching it with his own money.
Hovde's wealth, primarily his management of Utah-based Sunwest Bank and ownership of a $7 million Laguna Beach, California, estate, has been a key line of attack from Baldwin, who has tried to portray him as an outsider out of touch with Wisconsin values.
''Eric Hovde is a multi millionaire California bank owner who has insulted our seniors, our farmers, our moms, and just about everyone else in our great state,'' Baldwin said in a statement after Hovde's primary win Tuesday. "While he runs to put the wealthy and well connected like himself first, I will always stand up for the working people of Wisconsin.''
Hovde, who was born in Madison and owns a house there, pushed back against that claim Wednesday.