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Defying the Odds

Defying the Odds
New book about the 2016 election.

Saturday, August 30, 2014

Jumbo Joint Fundraising

Michael Beckel writes at The Center for Public Integrity:
Senate Democrats have embraced a new big-money fundraising vehicle — after repeatedly blasting the U.S. Supreme Court decision that made it possible — that could help candidates, state parties and the Democratic Senatorial Campaign Committee tap wealthy donors for even more cash.
The new “jumbo” joint fundraising committee, dubbed the Grassroots Victory Project 2014, marks the Democrats’ first foray into the territory opened up in April after the Supreme Court’s McCutcheon v. Federal Election Commission ruling.
That decision eviscerated the so-called “aggregate” campaign contribution limits that capped at nine the number of candidates a single donor could financially support at the maximum level.
Paperwork recently filed with the Federal Election Commission indicates 26 Democratic candidates and party committees stand to benefit from money raised collectively through the Grassroots Victory Project 2014.
This means that thanks to the McCutcheon ruling, donors this year may give more than $178,000 a piece to the new Grassroots Victory Project 2014, which would distribute the funds among its 26 members.