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Friday, September 25, 2020

Independent Expenditures in Senate Races

Theodoric Meyer and Daniel Lipman at Politico Influence:

CREDIT UNIONS BACK FOUR SENATORS IN NEW ADS: The Credit Union National Association and its PAC are putting about $1.5 million in new digital ads and direct mail backing four senators up for reelectar ion. The trade group is spending about $450,000 through its PAC on ads backing Sen. Susan Collins (R-Maine), about $300,000 on ads supporting Sen. Steve Daines (R-Mont.) and about $500,000 on ads backing Sen. Gary Peters (D-Mich.), all of whom are facing close races. The trade group is also shelling out about $250,000 to help Sen. Tina Smith (D-Minn.) as part of a coordinated buy with the Minnesota Credit Union Network and her campaign targeting credit union households. Smith is favored to win her race against former Rep. Jason Lewis (R-Minn.).

— Trey Hawkins, the trade group’s deputy chief advocacy officer for political action, said credit unions were trying to spend money in race “where we can step in and have an impact on the outcome of the election.” The ad backing Peters touts his work to address the pandemic, calling him “a serious leader for deadly serious times,” while the ad boosting Daines hails his work to help pass the Paycheck Protection Program. The trade group also plans to run ads in half a dozen or so competitive House races.

As we discussed, regular PAC contributions are mostly for access. Independent expenditures, if large enough, might have some impact on the outcome.

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