Wall Street Journal: “What many Americans may not realize is that U.S. elections are an outlier, especially compared to other industrialized democracies. Canada’s campaign typically lasts between 36 and 50 days. The total campaign bill for its 2021 election: $69 million in today’s dollars—about 1/27th the price tag per voter south of the border. U.S. elections cost about 40 times more per person than the U.K. or Germany.”
Elon Musk Got Warning Letter for Lottery Scheme
“The Justice Department’s head of election crimes sent a warning letter to Elon Musk’s America PAC Monday, alerting it that it was a crime to knowingly offer anything of value to register to vote or vote,” 24sight News reports.
“The warning letter did not specify any immediate legal action, but it did spell out the penalties for breaking U.S. voting laws, including possible imprisonment of up to five years.”
CNN: Justice Department warns Elon Musk that his $1 million giveaway to registered voters may be illegal.
PAC Paying Trump’s Legal Fees Runs Dry
Washington Post: “Save America, the leadership PAC that Trump has used to pay his legal bills and those of some of his associates, raised $1.4 million in September and spent $4 million, most of it on lawyers, demonstrating how the former president’s legal problems have continued to strain campaign resources.”
“The group had less than $2 million left in cash and owes nearly $5 million in legal debt.”
Democrats Adopt Loophole GOP Using to Save on Ads
“Democrats are starting to use a campaign finance loophole to save big bucks on TV advertising — after failing to stop Republicans from doing the same,” Politico reports.
“Earlier this month, the Federal Election Commission deadlocked on a case brought forth by Democrats asking whether joint fundraising committees can run ads for candidates, as some Senate Republicans have been doing for months.”
Senate Democrats Go to War Over GOP Ad Loophole
“Senate Democrats are accusing Senate Republicans of illegally financing their campaign ads,” Axios reports.
“Democrats have been crushing the GOP in fundraising, forcing Republicans to get creative with campaign finance laws.”
“The FEC will decide this week if one GOP strategy can keep going, with a vote expected Thursday.”
“People who closely follow the commission tell Axios the expectation is for the vote to split along party lines — a 3-3 decision, clearing the way for the GOP to continue.”
Election Spending Projected to Hit $16 Billion
“This year’s spending to elect a president and members of Congress will hit at least $15.9 billion – putting 2024 on track to become the nation’s most expensive federal election,” CNN reports.
“Helping to drive up the price tag: blistering spending by outside groups, including deep-pocketed super PACs aiding Republicans. Outside spending – largely through independent expenditures such as advertising, mailings, canvassing and other activities to boost specific candidates – has reached roughly $2.6 billion. That’s nearly $1 billion more than groups like these spent at this point in the 2020 election.”
Trump Spent More Than He Raised Again
“Donald Trump’s campaign spent more than it raised for the second month in a row as the Republican nominee struggles to keep pace with Democrat Kamala Harris’ robust fundraising operation,” Bloomberg reports.
Elon Musk Gave Millions to GOP Causes Far Earlier
“Elon Musk’s financial support for Republican causes has been much more extensive and started earlier than previously known,” the Wall Street Journal reports.
“The Tesla CEO quietly gave tens of millions of dollars to groups with ties to Trump aide Stephen Miller and supporters of Florida Gov. Ron DeSantis’s presidential bid.”
“The financial contributions, which haven’t previously been reported, show how Musk, who seemed to undergo a rapid political transformation this year, was a major force in funding Republican initiatives and candidates well before starting a super political-action committee in support of former President Donald Trump.”
“They also make him one of the biggest donors to conservative causes, which in combination with his large social-media following makes him one of the most influential figures in U.S. politics.”
Harris Sends Signal to Independent Super PAC Donors
“The Kamala Harris campaign sent a signal to deep-pocketed donors Monday by blessing the work of 13 independent groups that could help elect the vice president over the final 50 days through advertising, registration or other voter mobilization efforts,” the Washington Post reports.
“The announcement comes as the Harris campaign remains flush with late-summer cash after raising $615 million in the first six weeks after taking over President Joe Biden’s campaign.”
Wave of Anonymous Donations Fuels 2024 Campaign
CBS News: Washington hates a secret. Yet in the summer of 2020, when a blandly named entity called the Impetus Fund received a $64 million donation from a single anonymous source, it touched off a guessing game with broad political implications.”
“That single anonymous donation, routed through a series of accounts, eventually would be used to help Joe Biden defeat Donald Trump in the 2020 presidential election. Critics say it has come to illustrate an increasingly opaque system of funding elections that in 2024 could reach a scale that dwarfs all previous election cycles.”
“The source of that donation remains unknown — and not for lack of effort. Fox News first reported on the curious donation in 2023, but was unable to ferret out the donor’s identity. A cottage industry of public interest groups and investigative reporters who dig relentlessly to unmask big-dollar donors, also came up empty.”
Herschel Walker Sitting on Millions in Unspent Funds
“Few are clamoring for Herschel Walker’s return to politics since he flamed out in his Georgia Senate bid nearly two years ago. But they sure are interested in his campaign cash,” Politico reports.
“Georgia and national Republicans, in dire need of money, are furious that Walker is sitting on more than $4 million in leftover campaign funds and seems to have no intention of using it to help the GOP or Donald Trump in the key battleground state in November.”
GOP Lawmaker Admits He Lied About Loan to Campaign
Rep. Andy Ogles (R-TN) “filed 11 amendments to his campaign finance reports Wednesday, acknowledging that his claims for the last two years to have loaned $320,000 to his campaign were not true,” WTVF reports.
“Ogles says that he actually loaned his campaign $20,000, instead of the $320,000 that he had previously claimed.”
Montana Attorney General Recruited His Own Challenger
Montana Attorney General Austin Knudsen (R) told supporters “he skirted the state’s campaign finance laws by inviting another Republican to run against him as a token candidate in next month’s primary so he could raise more money for the November general election,” NBC Montana reports.
Said Knudsen: “I do technically have a primary. However, he is a young man who I asked to run against me because our campaign laws are ridiculous.”
Candidates Can Raise Unlimited Funds for Ballot Measures
“The Federal Election Commission quietly issued an advisory opinion last week allowing candidates to raise unlimited money for issue-advocacy groups working on ballot measures in elections in which those candidates are on the ballot,” the New York Times reports.
“The opinion, issued in response to a request from a Nevada-based abortion rights group, could significantly alter the landscape in the fall in terms of the capacity that candidates aligned with these groups have to help them raise money.”
“The decision applies to all federal candidates, but with a presidential election taking place in six months, the biggest attention will fall to that race. If Mr. Biden can solicit money for abortion-rights ballot measures, he can add to an already-existing fund-raising advantage that his team currently has over Mr. Trump.”
Hackers Stole Money from the Lincoln Project
“The Lincoln Project — a super PAC that ranks among former President Donald Trump’s leading antagonists — lost $35,000 in what it described to federal regulators as ‘fraudulent’ transactions committed by cyberthieves,” Raw Story reports.
Ted Cruz Turns Allied Super PAC Into a Media Company
“In recent weeks, a number of news reports have delved into the legal questions about a super PAC generating hundreds of thousands of dollars in corporate revenue from a popular podcaster: Sen. Ted Cruz (R-TX),” the Daily Beast reports.
“While legal experts cited in those reports have floated serious potential campaign finance issues with the arrangement, it appears that Cruz—a notorious Federal Election Commission troll—may have landed upon yet another seemingly unprecedented loophole in election laws: He’s turned a super PAC supporting him into a media company—and is funding it himself.”
Super PACs Test Limits of Campaign Finance Law
Politico: “And outside spending continues to increase dramatically. Across all federal races, super PACs have spent more than $430 million on independent expenditures already this cycle… up from $176 million at this point in 2020.”
“The expanded role for outside groups has been accompanied by new fundraising tactics and financial relationships. … Super PACs have begun to bridge the divide between a candidate’s outside ventures and their political pursuits.”
Mike Braun Gets Hit with Campaign Finance Fine
Sen. Mike Braun’s (R-IN) Senate campaign “owes the federal government $159,000 for violating campaign finance rules during the 2018 election, among the largest fines in the federal agency’s history,” the Indianapolis Star reports.
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