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Thursday, September 10, 2020

Presidential Campaign Finance and 2020 Super PACs

Elena Schneider at Politico:

Donald Trump and the Republican National Committee raised $210 million in August, falling $154 million short of Joe Biden’s haul over the same period.


Biden and the Democratic National Committee previously announced raising a stunning $365 million last month, a record-shattering total that Trump failed to match. Neither campaign has yet released their cash-on-hand totals, but last month’s fundraising disparity means Biden may have closed Trump’s once-formidable cash advantage.
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{ NRCC spokesperson Ken] Spain added that the Trump campaign “has already sent up the bat signal to the donor community and it's likely they will respond in kind.”

Part of that response is coming through pro-Trump outside groups, who have helped to even out that TV spending disparity. On Wednesday, America First Action, a pro-Trump super PAC, announced $22 million in digital and TV spending on behalf of the president in a slate of battleground states, including Florida, Wisconsin, Pennsylvania and Ohio. The new total comes on top of the group’s $18.6 million spending commitment in September.

Last month, senior Republicans launched another super PAC, Preserve America, to boost the president. It is backed by several GOP megadonors, including Las Vegas casino mogul Sheldon Adelson and Home Depot co-founder Bernie Marcus.

 Dino Grandoni at The Washington Post:  [Note the threat theme, below. Cigler 40-42]

To defeat President Trump, a big-spending green group is planning to drop more money than ever on the 2020 election.

A super PAC affiliated with the League of Conservation Voters and related groups is aiming to spend more than $100 million to elect Joe Biden and other Democrats in November, breaking the Washington-based organization’s previous record of $85 million in 2018.


The prospect of granting Trump four more years to unwind climate regulations is motivating deep-pocketed Democratic donors to give to Biden. In opening their wallets to green campaign groups, they are signaling their desire for legislation to address rising global temperatures. A similar surge in donations helped Democrats retake the House in 2018, say environmentalists.

“A lot of people realize how high the stakes are,” said Pete Maysmith, senior vice president of campaigns at the LCV Victory Fund, the super PAC affiliated with the LCV. “Whether it’s wildfires blanketing the West with smoke, whether it’s the hurricanes hitting the Gulf Coast, the flooding inundating the Midwest, the time is now to act on climate change.”

 


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