Campaign Finance 2020

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Addie
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Re: Campaign Finance 2020

#76

Post by Addie »

New York Times - Shane Goldmacher
Biden Rebounds, Warren Slows: What We Know About the 2020 Money Race Today

An early look at fourth-quarter fund-raising shows Joseph R. Biden Jr. bouncing back, Elizabeth Warren lagging her previous benchmark and Bernie Sanders continuing to haul in cash.


Senator Elizabeth Warren’s slip in the 2020 primary polls has been accompanied by a dip in donations, with her campaign setting a rare public goal: aiming to raise $20 million for the fourth quarter of 2019 ending Tuesday, or about 20 percent less than what she raised in the previous three-month period.

Former Vice President Joseph R. Biden Jr., meanwhile, has rebounded from a weak third quarter, in which he raised only $15.7 million and spent $2 million more than he took in. Now his campaign is trying to assert his front-runner status in the Democratic primary, pushing in the final 48 hours of the year to post “our biggest fund-raising quarter yet,” as Mr. Biden wrote in an email on Sunday, by topping the $21.5 million he raised last spring.

The shifting financial fortunes of Ms. Warren and Mr. Biden illustrate the unsettled nature of the Democratic presidential contest heading into 2020, with four candidates — Mr. Biden, Ms. Warren of Massachusetts, Senator Bernie Sanders of Vermont and Mayor Pete Buttigieg of South Bend, Ind. — battling for position in the top tier of polling and seeking to bolster their treasuries ahead of the final sprint to the Iowa caucuses and beyond.

Mr. Sanders is expected to remain a financial pacesetter in the 2020 contest. He is pressing toward a goal of five million contributions by the end of the year, having already passed 4.5 million. If Mr. Sanders hits that goal — and maintains the current average size of his donations, $18 — he will have collected roughly $28.5 million in the fourth quarter, more than any Democratic candidate has raised in any quarter this year. ...

Mr. Buttigieg is closing in on two million donations (he has more than 1.95 million, according to campaign emails). That means he has already received more than 700,000 donations this quarter — by far more than in any such period this year. Mr. Buttigieg raised $19.1 million and $24.6 million in the previous two quarters.

The impending quarterly deadline on Tuesday is critical for the campaigns as they urge their supporters to help them finish the year on a strong note. It is also the last time before the nominating contests begin that they will be required to open the books on their finances, with full reports to be released on Jan. 15.

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Re: Campaign Finance 2020

#77

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Salon - Igor Derysh
The Citizens United ruling broke American democracy at the start of the decade. It never recovered

The election of Donald Trump will likely define the 2010s, but a single day in January set his rise into motion


The election of President Donald Trump will likely define this decade, but the breakdown in our political system which sowed deeper partisan divisions and ultimately paved the way for his White House victory can be traced back to a single January day almost exactly ten years ago.

On Jan. 21, 2010, then-Supreme Court Justice Anthony Kennedy cast the deciding vote in the Citizens United case, which was brought by a group chaired by David Bossie, who would later serve as Trump’s deputy campaign manager.

Kennedy wrote in the majority decision that limits on independent expenditures violated the First Amendment rights of corporations and other groups, effectively overturning spending restrictions dating back more than a century.

The decision allowed corporations to spend unlimited money on campaign ads as long as they did not formally coordinate with candidates or political parties. According to Kennedy, there could not be corruption, because “an independent expenditure is political speech presented to the electorate that is not coordinated with a candidate.”

Some have argued that the ruling was the “logical next step” after the court’s 1976 Buckley v. Valeo decision, which said election spending limits may violate the First Amendment. But the Supreme Court ruled in favor of corporate limits in 1990 and then upheld limits on corporate and union spending in 2003.

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Re: Campaign Finance 2020

#78

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Newsweek: #PresidentSanders Trends As Vermont Senator Reportedly Leads Democratic Fundraising Race

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Re: Campaign Finance 2020

#79

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Denver Post
Presidential candidate Pete Buttigieg will visit Colorado

Democrat’s Denver fundraiser is set for Jan. 8


South Bend Mayor Pete Buttigieg will swing through Denver next week to raise money for his presidential campaign.

Ahead of Colorado’s March 3 primary, Buttigieg has been a notable absence among the top four Democratic candidates, as U.S. Sens. Bernie Sanders and Elizabeth Warren, who held public events in metro Denver earlier this year, establish local campaign offices and hire state campaign staff. Former Vice President Joe Biden visited Denver for a fundraiser in late September.

The Buttigieg campaign says it’s still finalizing the candidate’s schedule for Jan. 8 but confirmed an evening fundraiser in Denver. It has not yet disclosed who is hosting the event.

Earlier this month, after Buttigieg and Warren tussled over their fundraisers, Buttigieg’s campaign began allowing media access to each fundraiser by a pool reporter. It also released a list of 113 “bundlers” who each helped raise at least $25,000 for the candidate; the list includes Christopher and Patricia Arndt of Telluride.

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Re: Campaign Finance 2020

#80

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New York Times
Pete Buttigieg’s Campaign Says It Raised $24.7 Million in the Fourth Quarter

Mr. Buttigieg, who appears in strong position in Iowa with a month until the caucuses, continues to show fund-raising strength.


WASHINGTON — Pete Buttigieg raised more than $24.7 million in the fourth quarter of 2019, his presidential campaign said on Wednesday, another strong showing that leaves him well positioned to finance a large campaign operation as primary voting approaches.

In a display of the breadth of his support, Mr. Buttigieg’s campaign said it had now received more than two million donations from more than 733,000 people since he entered the race. The campaign said 326,000 people had donated to Mr. Buttigieg in the fourth quarter.

In the past year, Mr. Buttigieg has proved himself to be an unexpected fund-raising powerhouse, raising more than $76 million over the course of 2019 despite entering the race with little name recognition across the country. His successor as mayor of South Bend, Ind., was to be sworn in on Wednesday.

Mr. Buttigieg has also been criticized for courting wealthy donors, and in announcing his fund-raising results, his campaign boasted on Wednesday of being “powered by grass-roots energy from all 50 states.” His average donation in the quarter was about $34, the campaign said. ...

Mr. Schmuhl said the campaign’s staff had grown to more than 500 people nationwide, with 65 field offices in early voting states. In Iowa alone, he said the campaign now has 35 offices and more than 100 organizers.

The fourth quarter, which began Oct. 1 and concluded on Tuesday, is the last fund-raising period for which candidates will have to disclose their numbers before the caucuses, and Mr. Buttigieg was the first candidate to announce how much he had raised. ...

Mr. Buttigieg’s total of more than $24.7 million was an improvement from the third quarter, when he brought in more than $19.1 million. He raised $24.9 million in the second quarter and $7.4 million in the first quarter.
Adding:


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Re: Campaign Finance 2020

#81

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The Hill
Yang raises $4 million in final week of December

Andrew Yang’s presidential campaign raised over $4 million in the final week of December as the entrepreneur works to break out of the 2020 primary field’s middle tier.

“This is YOU #YangGang! Nothing can stop us! I am pumped for the days ahead and you are giving us the chance to change the course of history. Let’s do it!” Yang tweeted just after midnight Wednesday morning
Adding:
Newsweek: Andrew Yang, Pete Buttigieg End 2019 With Big Fundraising Spikes Heading Into Primary Voting ...

The only other 2020 Democratic presidential candidate to preview their fourth quarter fundraising was that of Massachusetts Elizabeth Warren, who sent an email to supporters last week after raising $17 million since the start of October, still shy of their $20 million goal. The Sanders campaign hinted to reporters it had 5 million individual donors.

The Yang campaign told Newsweek Wednesday they had no further details to provide until they release the final 2019 numbers.

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Re: Campaign Finance 2020

#82

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Mediaite
Philippe Reines Argues Joe Biden's Campaign Has Funding Issues: 'His Biggest Problem is Money'

Former Hillary Clinton adviser Philippe Reines told MSNBC that though Joe Biden’s poll numbers remain strong in a number of areas, he sees the campaign having issues in terms of money.

Reines was appearing on an edition of MSNBC Live New Year’s Day on Wednesday, anchored by Geoff Bennett. He argued it wouldn’t be wise of Pete Buttigieg to attack Biden too harshly, and argued Sen. Bernie Sanders was benefiting from not jumping into intra-candidate fights.

“Biden’s numbers have been rock solid especially among black Americans,” Reines said. “And his biggest problem is money and the biggest thing that’s happened in 2020 is Buttigieg has announced his fourth quarter totals, which was an eye-popping $25 million. The biggest difference between him and Biden is that Biden won’t have that kind of number and we’ll see if his poll numbers and his money numbers are a huge gap.”

“Just so I don’t get attacked on Twitter, Bernie’s numbers have just been off the charts,” Reines continued. “He has been raising $26-27 million for every quarter and got to figure that he will have a big quarter too. Might not find out for a couple weeks, but money is a big deal.”

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Re: Campaign Finance 2020

#83

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Da Winnah :boxing:

CBS News
Bernie Sanders beat Democratic rivals to raise $34.5 million in the 4th quarter

Bernie Sanders raised $34.5 million in the fourth quarter of 2019, his campaign announced Thursday, racking up 1.8 million donations in the quarter ending December 31. Sanders' best fundraising month was December, when he collected 900,000 donations totaling over $18 million.

In addition to the impressive total for the quarter, the campaign announced on January 1 that it had reached 5 million campaign contributions, more than any Democratic opponent and more than President Trump's reelection campaign.

According to his campaign, the most common job held by Sanders donors in the fourth quarter was teaching, but the most common employers were Amazon, Starbucks, Walmart, the U.S. Postal Service and Target.

The average donation was $18.53, and 99.9% of his donors have not maxed out their donations to Sanders.

According to the campaign, 40,000 new donors contributed on the last day of the year. In December alone, it raised more than $18 million from over 900,000 donations, making it the campaign's best fundraising month to date.

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Re: Campaign Finance 2020

#84

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New York Times
Andrew Yang Raised $16.5 Million in the Last 3 Months, His Campaign Says

Donations to Mr. Yang in the fourth quarter of 2019 were his highest in any such period and put him among the top fund-raisers in the Democratic presidential field.


The entrepreneur Andrew Yang’s presidential campaign said Thursday that he had raised $16.5 million in the fourth quarter of 2019, a considerable sum that represents his best total for a three-month period to date and is likely to put him among the Democratic field’s top five fund-raisers.

The $16.5 million raised from October to December eclipses the $9.9 million Mr. Yang’s campaign raised during the previous quarter and is more than five times what it brought in the quarter before that. But even as Mr. Yang improves his fund-raising, with about a month remaining before the Iowa caucuses, he is still seeking a last-minute boost in the polls that would allow him to qualify for the Democratic debate later this month.

Over the course of the campaign, aides said, Mr. Yang has received donations from about 400,000 people who have collectively given more than one million total contributions. The average donation to the campaign has been around $30, and 75 percent of the donations have been $200 or less, Mr. Yang’s campaign said.

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Re: Campaign Finance 2020

#85

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Axios
2020 candidates' Q4 fundraising hauls

Sen. Bernie Sanders leads the way in fourth quarter fundraising hauls among the Democratic hopefuls who have already announced their numbers, with $34.5 million raised.

By the numbers: Sanders is followed by outgoing South Bend Mayor Pete Buttigieg at $24.7 million. But the Democratic candidates all trail President Trump, whose re-election campaign reportedly collected $46 million.

Democratic Q4 filings:
1. Sen. Bernie Sanders: $34.5 million

2. Former Mayor Pete Buttigieg: $24.7 million

3. Former Vice President Joe Biden: $22.7 million

4. Former tech executive Andrew Yang: $16.5 million

5. Rep. Tulsi Gabbard: $3.4million
Republican Q4 filings:
1. President Donald Trump: $46 million

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Re: Campaign Finance 2020

#86

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Politico
Dems rocket into 2020 with huge donor windfall

Party veterans once worried about Democratic fundraising are now convinced the eventual nominee can compete with Trump.


Democrats are riding a massive surge of presidential campaign cash into 2020, boosting the party’s hopes of taking back the White House.

Their leading candidates for president faced criticism last year from party veterans alarmed by tepid early fundraising totals. But they finished up 2019 raking in cash from fired-up donors: The current Democratic presidential contenders and the Democratic National Committee combined raised over $450 million in the last year — more than President Donald Trump’s reelection machine brought in during that time.

Democrats are still encouraged by the money pouring in from both the progressive and moderate wings of the party, as well as from Democrats writing big checks and from small-dollar donors alike. Though the party is about to spend much of the money raised on a tough primary while Trump builds up resources to take on the eventual nominee, the millions of contributions to Democrats in $10 or $20 increments signal massive enthusiasm from the party grassroots heading into the election year.

“I was very nervous [in the spring] that these operations were not sophisticated enough to go toe to toe with Trump,” said Rufus Gifford, finance director for Barack Obama’s 2012 presidential campaign. But Sen. Bernie Sanders’ massive $34.5 million fundraising total for the fourth quarter for the year put him within range of Trump, who brought in $46 million for his campaign — even while Sanders faces a crowded field of primary contenders competing for money in the days ahead of the Iowa caucuses.

“The idea that you’re within striking distance of an incumbent president — not considering the party fundraising — I think that’s pretty solid,” Gifford said. “You’ve got to feel encouraged as a Democrat. There’s obviously a lot of energy out there.”

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Re: Campaign Finance 2020

#87

Post by Foggy »

Yeah, the comparison is not Trump vs. any one Democrat, but Trump vs. all the Democrats.
In my defense, I was left unsupervised.

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Re: Campaign Finance 2020

#88

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New York Times
Pete Buttigieg and the One Percent

Are the wealthy a liability in 2020? Or will they help get him elected?


At an annual charity fund-raiser in October, Anna Wintour, the editor of Vogue, shared a table with the designer Michael Kors and Pete Buttigieg, then the mayor of South Bend, Ind., who wore one of his trademark navy suits.

The event was a benefit for God’s Love We Deliver, a nonprofit that began delivering meals to New Yorkers with AIDS in 1986 and has since expanded to serve other homebound people. On the second floor of Cipriani’s South Street location, guests bid for meals with the actor Neil Patrick Harris, watched the model Iman receive an award for her philanthropic efforts and heard a short speech from Mr. Buttigieg, who was also honored that evening. He said volunteers for the organization had offered sustenance “in substance and in soul.”

Sitting at a table near the stage was the theater producer Jordan Roth, who back in April held an event for Mr. Buttigieg’s presidential campaign at his home in the West Village, at up to $2,800 per head. Nearby was the board chairman of God’s Love, Terrence Meck, who had co-hosted an event for Mr. Buttigieg in Provincetown, Mass., just after the July 4 holiday. (Tickets for that ran upward of $1,000 per person.)

Neither of those events drew particular attention, partly because the campaign did not publicize them and partly because Mr. Buttigieg polled in the low single digits for most of the spring and summer, when he was less of a threat to rivals like Senators Bernie Sanders and Elizabeth Warren. ...

But Mr. Buttigieg is now in a leading position in the Democratic primary, at or near the top of the polls in Iowa and New Hampshire and in fourth place nationwide. He is running to the right of Mr. Sanders’s populist rhetoric and Ms. Warren’s “billionaire tears mugs,” and offering a generational contrast to former Vice President Joseph R. Biden Jr.’s elder-statesman, Joe-from-Scranton appeal.

Mr. Buttigieg has talked in campaign videos and in interviews about how Democrats cannot just “polish off” a broken political system and expect to win.

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Re: Campaign Finance 2020

#89

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The American Prospect
The Christmas Miracle: Biden’s Unexamined List of High-Powered Fundraisers

The media let slip a golden opportunity to put into context how a Biden administration might use its power.


’Twas the Friday after Christmas, when all through the land, not a person was working, the computers unmanned. The children were nestled all snug in their beds, while Joe Biden released the names of the wealthy and well-connected volunteers who are fundraising for his campaign.

These fundraisers, otherwise known as bundlers, have all brought in at least $25,000 for the campaign, although many have likely brought in sums an order of magnitude larger, or at least plan to throughout the course of the campaign.

While it might be an exaggeration—or, if you like, a bit of poetic license—to say that no one was working at 11 p.m. on the Friday after America’s biggest holiday, it is hard to imagine another moment in the year when people are less hooked in to the steady drip of the 24-hour news cycle. The Biden campaign’s motivation for this stealth release is no mystery. With names from private equity, Big Tech, and many other disfavored industries scattered throughout the list, they surely wanted to tiptoe around negative press coverage. And they picked the perfect spot to ensure that.

The fact that the media, for the most part, fell for this evasive maneuver has higher stakes than the Biden campaign simply avoiding a bad news cycle. This list tells you more than perhaps any other campaign document about what a Biden presidency would look like—and, let’s just say, it does not paint a flattering picture. These names seem to suggest that the bold actions proposed in the Day One Agenda would not be borne out in reality under a President Joe Biden, instead remaining trapped on the Prospect’s pages.

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Re: Campaign Finance 2020

#90

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Vox: Inside the secretive Silicon Valley group that has funneled over $20 million to Democrats

There’s a reason you haven’t heard of Mind the Gap: Its “raison d’être is stealth.”

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Re: Campaign Finance 2020

#91

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The Hill: Bloomberg pledges to help fund Democratic nominee even if it isn't him

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Re: Campaign Finance 2020

#92

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Daily Beast
They Donated To Trump’s Inauguration. Now These Big Donors Are Funding His 2020 Competition

In January 2019, Jennifer Pritzker wrote an impassioned plea to her political party: She was a lifelong Republican, but the GOP was driving her away with messaging and policies targeting transgender people.

It had only been a couple years since Pritzker, the world’s only known trans billionaire and a Republican mega-donor, had chipped in a whopping $250,000 to President Donald Trump’s inaugural committee. But three months after publicly objecting to the GOP’s stance on trans issues, she gave $1,000 to Democrat Pete Buttigieg’s presidential campaign.

Pritzker is a member of a prominent, wealthy, and politically active family (her cousin, J.B. Pritzker, is the Democratic governor of Illinois, and his sister Penny was Barack Obama's commerce secretary). But she is far from the only donor to Trump’s inauguration who has financially supported one of his potential Democratic presidential challengers.

The Daily Beast tallied 15 such donors who collectively gave more than $700,000 to Trump’s inaugural committee but who have since contributed to the presidential campaigns of Democratic candidates including Buttigieg, Joe Biden, Elizabeth Warren, Cory Booker, Tulsi Gabbard, Amy Klobuchar, Michael Bennet, John Hickenlooper, Eric Swalwell, and John Delaney.

The donors have a mixed record of prior support for Republicans. Some, like Pritzker, consistently contributed large sums to GOP candidates. Others had more bipartisan giving histories. And some chipped into the Trump inaugural despite largely supporting Democrats in the past.

Taken together, though, the crop of donors who ponied up to celebrate Trump’s 2016 victory only to actively combat his re-election a few years later represent some notable political defections. And while the Trump re-election effort certainly is not hurting for cash as the election year begins, those defections signal some discontent among donors who, undoubtedly for various reasons, chose to signal their support for the new president just a few years ago.

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Re: Campaign Finance 2020

#93

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HuffPo
Progressive Group Announces Digital Ad Campaign Against Pete Buttigieg, Joe Biden

The initiative shows a united progressive front against the centrist candidates amid a fight between Bernie Sanders and Elizabeth Warren.
headshot


A campaign spending group affiliated with Justice Democrats, an influential left-wing outfit, plans to spend more than half a million dollars on digital advertisements educating the public about elements of former Vice President Joe Biden’s and former South Bend, Indiana, Mayor Pete Buttigieg’s records that progressives consider disqualifying.

The ads will target Democrats in Iowa and South Carolina, appearing on social media and other internet platforms until voters head to the polls in each state. ...

The group, Organize for Justice, will invest the money ― over half of which it has already raised ― in, among other things, Facebook ads that promote news articles highlighting negative aspects of the moderate candidates’ records and campaign decisions. To optimize its message against the two presidential hopefuls, the group teamed up with polling and public opinion firms. The firms generated research demonstrating that similar ads helped raise awareness of Andrew Gillum’s ultimately unsuccessful campaign for Florida governor in 2018. ...

Organize for Justice is structured as what’s known as a 501(c)4, which means it is able to receive and spend large amounts of money with less frequent disclosure than an ordinary political campaign or political action committee.

Justice Democrats’ establishment of that kind of independent political spending arm is a sign of the group’s growing reach just three years after its inception in January 2017. The group, which was co-founded by alumni of Bernie Sanders’ 2016 presidential campaign, is best known for helping to elect Rep. Alexandria Ocasio-Cortez (D-N.Y.) and continues to support a slate of progressive primary challengers against incumbent Democrats in Congress. (Justice Democrats has not endorsed anyone in the Democratic presidential primary.)

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Re: Campaign Finance 2020

#94

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:torches:

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Re: Campaign Finance 2020

#95

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Citizen.org: Citizens United 10 Years Later: 25 Ultrarich People Have Spent $1.4 Billion on Elections

New Public Citizen Research Shows Growing Influence of Billionaires, Increased Corporate Spending

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Re: Campaign Finance 2020

#96

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The Hill
House GOP campaign chief: Members 'need to get their act together and raise more money' ...

“Our members need to get their act together and raise more money,” National Republican Congressional Committee (NRCC) Chairman Tom Emmer (R-Minn.) said at a breakfast event hosted by the Republican-aligned Ripon Society.

“The individual campaigns need to raise more money. They cannot expect somebody else is going to do it for them, and they're going to hear that from me when we come back after the break and we see all the final numbers,” he said. ...

Emmer’s remarks came roughly a week after the NRCC’s Democratic counterpart, the Democratic Congressional Campaign Committee (DCCC), announced that it had raked in $14.4 million in December alone, giving it its best fundraising month of 2019.

The NRCC has not yet posted its fourth quarter fundraising numbers. But the DCCC outraised the Republican group in every month of 2019 and carried a significant cash-on-hand advantage at the end of November, the last month for which financial data is publicly available.

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Re: Campaign Finance 2020

#97

Post by RVInit »

Addie wrote:
Mon Jan 13, 2020 9:06 am
Daily Beast
They Donated To Trump’s Inauguration. Now These Big Donors Are Funding His 2020 Competition
:snippity: :snippity:
The Daily Beast tallied 15 such donors who collectively gave more than $700,000 to Trump’s inaugural committee but who have since contributed to the presidential campaigns of Democratic candidates including Buttigieg, Joe Biden, Elizabeth Warren, Cory Booker, Tulsi Gabbard, Amy Klobuchar, Michael Bennet, John Hickenlooper, Eric Swalwell, and John Delaney.
:snippity:
I can't see any of them supporting Sanders or even Warren, that would likely be a bridge too far for any of them. They will go right back to supporting Trump or just sitting this one out when Sanders gets the nomination. As will probably many Independents who voted for Clinton and would vote for Biden. If Dems are going to nominate Sanders, they had better plan on getting a huge turnout of Democratic voters because true Democrats are going to be the only ones voting for Sanders. IMO. I will vote for him, but that is because I have been paying attention to everything Trump is doing. The vast majority of voters pay very little attention to what is going on. Unfortunately. That is why all the cracks about Obama "preaching" or "tutoring" them. He did that because he understands that a large percentage of the voting public is ignorant. Not necessarily stupid, but ignorant. And frankly, busy. Also IMO.
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Re: Campaign Finance 2020

#98

Post by RVInit »

pipistrelle wrote:
Thu Jan 16, 2020 11:27 am
:torches:
:yeah:
"I know that human being and fish can coexist peacefully"
--- George W Bush

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Re: Campaign Finance 2020

#99

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Associated Press
Watchdog files FEC complaint against pro-Sanders group

WASHINGTON (AP) — The watchdog group Common Cause filed a complaint with the Federal Election Commission on Wednesday, alleging that Our Revolution, a political nonprofit organization founded by Bernie Sanders, violated campaign finance law by accepting donations in excess of federal limits while boosting his White House ambitions. ...

The campaign finance act says groups established by federal officeholders or candidates cannot raise money for federal electoral activity that exceeds the limitations of the law. Those contributions are currently set at $2,800 for candidates and $5,000 for political action committees.

Our Revolution has taken in nearly $1 million from donors whose donations exceeded those limits and whose identities it hasn’t fully disclosed, according to tax filings for 2016, 2017 and 2018. Much of it came from donors who contributed six-figure sums. ...

Our Revolution is not a super PAC. But the tax-exempt political nonprofit functions much like one — but without having to reveal its donors. Like super PACs, these nonprofits were similarly empowered to raise and spend unlimited sums after the Citizens United decision. ...

“I believe that the analysis is more complicated than has been suggested, and that Our Revolution will be able to show Sanders is no longer affiliated,” said Dan Petalas, a former FEC attorney now in private practice who previously represented the group. “And even if that’s incorrect, Our Revolution should be able to demonstrate that they used the money in ways that comply with the law.”

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