Democratic super PACs, which earlier this year lagged far behind their Republican counterparts, passed a milestone in August: they took more in contributions into their coffers than GOP super PACs: $28 million versus $22 million. Filings covering September are due this Saturday.
It may be more of a photo-finish than it first appears: a portion of the Democratic groups' take involve PAC-to-PAC transfers, which are difficult to extricate from the totals due to way reports are filed with the Federal Election Commission. But quarterly filings that landed Monday leave little doubt that the Democratic super PACs, including Priorities USA and ...Continue reading
The campaign activity that's visible so far calls into question how much the Republican nominee and his backers plan to invest in a state where recent polling shows Obama ahead of Romney, and public records show the president outspending his rival in major television markets.Continue reading
Nevada is used to high rollers, but the state has special reason to be blase about this set.
President Obama is in the state, prepping for his Wednesday debate with his Republican rival, Mitt Romney, after headlining a Sunday night rally in Las Vegas. Romney's wife Ann arrives in Las Vegas Monday for a rally in nearby Henderson and then an evening fundraiser at the home of Republican mega-donor Sheldon Adelson and his wife, Miriam, no slouch herself in the political underwriting department. And first lady Michelle Obama arrives Wednesday for a campaign stop in Reno.
Residents of the ...Continue reading
CHARLOTTE, N.C. -- If there were millionaires at Tuesday's happy hour for prospective donors of the three major super PACs backing congressional Democrats and President Obama, they were not the recognizable backers of the groups. And there was not much exclusive about the affair.
At the door of a cozy, downtown bar a short walk from the site of the Democratic Party’s convention, an employee checked off names of attendees on an iPad. But he did not seem to stop anyone, and so this reporter walked on through the door.
The event was one of several being hosted ...Continue reading
Just when you thought you had the shadowy world of super PACs figured out, here comes a new twist: Three big Democratic super PACs -- formed to support President Barack Obama, and House and Senate Democrats -- are banding together to form the first ever joint fundraising super PAC.
The three, which registered their joint committee with the Federal Election Commission last week, are among the largest super PACs, in terms of contributions to their committees. They've raised a combined $10 million for the 2012 election so far. But that figure looks less impressive when compared with the haul of some ...Continue reading
Today came a moment campaign finance watchers have been waiting for: the first corporate "Super PAC"--that is a PAC whose sole source of funding is corporate money--filed its paper work with the U.S. Federal Election Commission (FEC).
However, the PAC, known as American Phoenix, is not necessarily what people have been fearing after the U.S. Supreme Court, in its Citizens United decision, permitted corporations and unions to give unlimited amounts to Super PACs. As reported by Dan Eggan at The Washington Post, the source of funding is a Florida firm known as Deep Sea Burial Corp., which ...Continue reading
In response to a request by a pair of Democratic Super PACs, the Federal Election Commission has proposed a new rule that would allow members of Congress, federal candidates and national political party officials to appear and speak at fundraisers for independent expenditure-only committees, or Super PACs, but would bar them from asking corporations, labor unions or individuals for the unlimited contributions that fueled the spending of these outside groups in the 2010 election cycle.
The FEC issued the proposed rule, which will be considered at a commission meeting on June 30, after James Bopp Jr., the conservative lawyer who ...Continue reading
The House Majority PAC, one of the two Democratic Super PACs currently seeking permission from the Federal Election Commission to have federal candidates and party officials solicit funds for them, has disclosed its first batch of donors in the 2012 election cycle. Among the big givers are stalwart Democratic donors, including unions like the American Federation of State, County and Municipal Employees ($200,000) and the Communications Workers of America ($50,000), individuals like Fred Eychaner ($100,000) and George Soros ($75,000), trial law firm Kazan McClain Lyons Greenwood & Harley ($10,000), tech company Integrated Archive Systems ($25,000 ...Continue reading
Bob Kerrey and Warren Rudman, two former U.S. Senators who are now co-chairs of Americans for Campaign Reform, gave testimony almost a decade ago documenting how raising big soft money donations to political parties had a corrupting effect on lawmakers. The see a similar corrupting effect should the Federal Election Commission rule that federal candidates and party officials can raise unlimited contributions from any source for Super PACs. The Campaign Legal Center agrees, arguing that candidates for federal office and party committee officials are barred from raising funds not subject to the limits of the Federal Election Campaign Act ...
Departing White House counsel Robert Bauer is returning to the election law practice he built at Perkins Coie, where his once and future colleagues have been active on behalf of a pair of Super PACs. The firm recently asked the Federal Election Commission to rule on whether politicians can raise unlimited sums from any source for "independent expenditure-only" groups.
As the Reporting Group previously reported, Perkins Coie filed an advisory opinion request with the FEC on behalf of two clients, the Majority PAC (formerly known as CommonSense Ten) and the House Majority PAC, asking whether candidates for federal office can ...Continue reading