House Minority Leader Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry Reid (D-Nev.) have started raising money for Democratic “super PACs,” diving into the world of outside groups after condemning this type of fundraising in the most recent election cycle.Juan Williams spoke to Karl Rove about the Crossroads GPS ads on the Obama record:
Both Pelosi and Reid are limiting their solicitations to $5,000 or less for House Majority PAC and Majority PAC, which will spend money in House and Senate races, respectively. Liberal financier George Soros has already given tens of thousands of dollars to House Majority PAC.
Pelosi’s fundraising for House Majority PAC has not been previously disclosed. Pelosi informed her colleagues that she had taken this step at a recent members’ dinner.
While $5,000 is the federal limit for a donation to a traditional PAC, super PACs have no limit on the amount of soft money they can accept from individual donors.
On a separate front, Pelosi is already raising unlimited soft money — with the approval of the Federal Election Commission and House Ethics Committee — for redistricting fights, including paying for legal challenges to new House districts after the 2010 census.
The move by Pelosi and Reid is the latest escalation of the two major parties’ unending money chase, and it shows how far Democrats will go to push the legal envelope in what will very likely be a hugely competitive 2012 election cycle. Democrats said Pelosi and Reid are taking such a step only because of the tens of millions of dollars pro-GOP organizations poured into last November’s elections.
Tuesday, June 28, 2011
Outside Money: Dem Fundraising, GPS Ad