Democrats seek to revamp political money even as it boosts them

“We recognize that no one’s going to sit there while the other side is doing this,” he said. “They are legal. Otherwise, you’ll get murdered if the other side is using it, which they are. We judge where office holders are by what they are prepared to actually do to repair the system.” 

Democratic operative Cooper Teboe, whose fundraising clients include progressive Rep. Ro Khanna of California as well as a pro-Biden super PAC Unite the Country, says that to expect Democrats to “play by a different set of rules” in the absence of an overhaul “would be to cede this election.”  

A new report of the Wesleyan Media Project found that about half of the spending on House and Senate ads since mid-July was from so-called “dark” money groups, nonprofit organizations that do not have to disclose the identities of their donors. Among the biggest spenders was House Majority Forward, which backs Democratic candidates, the Wesleyan report concluded. 

Such groups had been required to disclose their donors to the Internal Revenue Service, but that requirement was overturned by President Donald Trump’s administration.

In the presidential race, both campaigns have formed joint fundraising committees with other party accounts that allow them to accept contributions far above the $2,800-per-election limit on individual donations. As a result, a donor could give more than $730,000 to the Biden Victory Fund and more than $580,000 to Trump Victory.

Source Article