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October 4, 2024

Campaign Finance Roundup: October 4, 2024

Campaign Finance Roundup: October 4, 2024

October 4, 2024
Published By Connor Flotten
Another installment in our series of stories about how our elections are being bought out from under us and all that matters is fundraising and the donor class.

NYC Mayor Eric Adams charged with bribery and wire fraud in scheme spanning nearly 10 years

From NBC News:
Eric Adams, the mayor of New York City, has been indicted by federal prosecutors on multiple charges, including bribery, conspiracy to commit wire fraud, and solicitation of a contribution by a foreign national. According to prosecutors, Adams has been receiving free travel benefits and illegal campaign contributions from foreign sources, particularly wealthy Turkish businessmen and a government official. The indictment alleges that during the 2021 mayoral election, Adams’ campaign disguised foreign contributions as being from American citizens, leading to his campaign receiving over $10 million in matching public funds.  

PA Attorney General Candidates Bring in Millions, But Donations Are Mostly From a Few Sources

From PoliticsPA: 
Both candidates for Attorney General in Pennsylvania have brought in millions of dollars in campaign contributions and spending from outside groups. Democrat Eugene DePasquale took in $3.2 million between May 14th and September 16th, which his campaign claims is the largest amount ever raised by a PA AG campaign in that timeframe. Almost half of that money came from the DC-based Democratic Attorneys General Association, which gave $1.5 million. Republican Dave Sunday raised only $1.4 million during that reporting period, but his report did not include the $5.5 million that a Super PAC funded by conservative mega donor Jeff Yass spent on television ads to boost his campaign. Pennsylvania’s status as a key swing state in the presidential election has increased the costs required to buy advertising for state elections. 

PAC targeting Republican for ‘Swamp’ ties leans on DC dark money and billionaire Democrat

From The Washington Examiner: 
A Super PAC named “Nebraska Railroaders for Public Safety” has spent $432,000 on ads attacking Sen. Deb Fischer (R-NE), and supporting her challenger, Dan Osborn, who is running as an independent. The ads attacking Fischer have focused on painting her as part of the corrupt D.C. “swamp,” particularly because of support she received from a PAC connected to Sen. John Cornyn (R-TX). Nebraska Railroaders for Public Safety receives the majority of its funding from  Reid Hoffman, the co-founder of LinkedIn and a major Democratic donor, and the Sixteen Thirty Fund, a Democratic dark money “heavyweight” organization. 

Here’s what we’re watching as we spring toward election day

From OpenSecrets:
This analysis by OpenSecrets offers an overview of campaign finance trends as we head into the final month of the election. On the presidential front, the Harris campaign holds a strong fundraising advantage, with an expected boost from the September debate and Taylor Swift’s endorsement of the Vice President. As of September 19th, outside spending groups have spent about $1.7 billion on federal races this cycle, nearly double what they spent when the spending record was broken in 2020. In addition, more than $5 million has been spent on “electioneering contributions” – ads that don’t explicitly endorse or oppose a candidate. Spending on such ads only has to be disclosed if they’re placed on TV or radio 60 days before the election. Spending on ads placed outside that window, or ads placed online, doesn’t have to be reported

Meet the G.O.P. Personal Injury Lawyer Buying His Own Trump Ads

From The New York Times:
A single man, Dan Newlin, a personal injury lawyer from Florida, has nearly outspent RFK Jr.’s presidential campaign in placing political advertisements. Newlin has spent more than $2.8 million on digital and TV ads, and another $1.4 million on digital billboards, supporting former president Trump.  This comes in addition to the more than $5 million he’s donated to state and federal Republican candidates and committees. Most of Newlin’s spending has been in Pennsylvania, with some spending in Wisconsin and Palm Beach, Florida, where Trump lives. 

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Another installment in our series of stories about how our elections are being bought out from under us and all that matters is fundraising and the donor class.
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This post is submitted by Fernando Rivera, a member of American Promise’s Young Americans Council....

Newsletters
Another installment in our series of stories about how our elections are being bought out from under us and all that matters is fundraising and the donor class.