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Parties Ramp Up Ask of Elite Donors

September 20, 2015 at 8:31 am EDT By Taegan Goddard 2 Comments

“The national political parties are urging wealthy backers to give them 10 times more money than was allowed in the last presidential election, taking advantage of looser restrictions to pursue ­million-dollar donors with zeal,” the Washington Post reports.

“Under the new plans, which have not been disclosed publicly, the top donation tier for the Republican National Committee has soared to $1.34 million per couple this election cycle. Democratic contributors, meanwhile, are being hit up for even more — about $1.6 million per couple — to support the party’s convention and a separate joint fundraising effort between the Democratic National Committee and Hillary Rodham Clinton’s campaign.”

Filed Under: 2016 Campaign, Campaign Finance

Democrats Move to Expand Use of Super PACs

September 14, 2015 at 4:31 pm EDT By Taegan Goddard 13 Comments

“Democrats are laying the groundwork for an ambitious reorganization of their struggling network of “super PACs” that would exploit the loopholes and legal gray areas that Republicans have already used to raise hundreds of millions of dollars for the 2016 campaign through such groups,” the New York Times reports.

“The plans, laid out by the party’s top election lawyers in an emergency request filed with the Federal Election Commission on Friday, would pave the way for the creation of a host of new super PACs tailored to individual House and Senate candidates.”

Filed Under: 2016 Campaign, Campaign Finance

Clinton Unveils New Campaign Finance Plan

September 8, 2015 at 7:01 am EDT By Taegan Goddard 2 Comments

Hillary Clinton “is rolling out a policy plan Tuesday aimed at lifting the veil on some of the wealthy donors who have bankrolled political campaigns while taking advantage of laws that allow them to remain anonymous. Mrs. Clinton, who along with her husband has been among the most prodigious fundraisers in U.S. history, is also proposing ways to give candidates more incentives to collect money from small donors,” the Wall Street Journal reports.

Filed Under: 2016 Campaign, Campaign Finance


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Trump Calls Out Use of Super PACs

August 15, 2015 at 9:15 pm EDT By Taegan Goddard 6 Comments

Donald Trump “called for more transparency in campaign fundraising and attacked Jeb Bush supporters for using super PACs to raise substantial money for his presidential bid,” the Wall Street Journal reports.

Said Trump: “This nonsense with PACs, and they don’t coordinate with other people? Do you really believe that doesn’t happen?”

Filed Under: 2016 Campaign, Campaign Finance

Bonus Quote of the Day

August 4, 2015 at 8:48 am EDT By Taegan Goddard 18 Comments

“It violates the essence of what made America a great country in its political system. Now it’s just an oligarchy with unlimited political bribery being the essence of getting the nominations for president or being elected president. And the same thing applies to governors, and U.S. Senators and congress members.”

– Former President Jimmy Carter, quoted by the Huffington Post.

Filed Under: Campaign Finance

Campaign Accounting Doesn’t Match Reality

July 26, 2015 at 9:01 am EDT By Taegan Goddard 2 Comments

“Since late last year, presidential hopefuls have been romancing donors, hiring staff and haunting the diners and senior centers of Manchester and Dubuque,” the New York Times reports.

“But on paper, most of the candidates spent virtually no money exploring a presidential bid until very recently. According to campaign disclosures filed with the Federal Election Commission last week, the much-promoted campaign staff they hired had other jobs. And their many, many trips to New Hampshire and Iowa had nothing to do with running for president.”

“Such accounting — which the campaigns defended as perfectly appropriate but some election lawyers said violated the law — has allowed would-be candidates to spend months testing the presidential waters while saving cash to use later in the primaries.”

Filed Under: Campaign Finance

Campaigns Just Got Very Expensive

July 20, 2015 at 6:50 am EDT By Taegan Goddard 2 Comments

Wall Street Journal: “Some Republican presidential candidates could be in for sticker shock… The expanding roles of super PACs and a condensed nominating calendar are fundamentally transforming the way the 2016 primary campaign will be conducted. Gone are the days when campaigns could just scrape together enough money to advertise in Iowa and New Hampshire, counting on an early victory to spur an infusion of fresh contributions.”

Filed Under: 2016 Campaign, Campaign Finance

What to Look for in Today’s Campaign Filings

July 15, 2015 at 7:28 am EDT By Taegan Goddard 1 Comment

Wall Street Journal: “On Wednesday, the public will get its first look at the donors bankrolling 2016 candidates’ campaigns and how the campaigns are spending that money, as of the end of the second quarter. Campaigns are required to file disclosures with the Federal Election Commission providing details of their quarterly fundraising, many of them for the first time. The only candidate who launched his campaign early enough to file a first-quarter report was Texas Sen. Ted Cruz, who at the time was eight days into his campaign.”

“Many candidates have already released their fundraising totals and other selected figures, which starts to form a picture of who’s leading the race for each party’s nomination — in terms of money, Hillary Clinton leads Democrats, and Jeb Bush leads Republicans. But many other details haven’t been disclosed.”

Filed Under: 2016 Campaign, Campaign Finance

Republicans Now See Unlimited Donations Hurting Party

July 15, 2015 at 7:10 am EDT By Taegan Goddard 18 Comments

Politico: “Concerns are mounting among top donors and party elites that an influx of huge checks into the GOP primary will hurt the party’s chances of retaking the White House. Long-shot candidates propped up by super PACs and other big-money groups will be able to linger for months throwing damaging barbs at establishment favorites who offer a better chance of victory, the thinking goes. Already, big-money groups have raised about $86 million to support a handful of second- and third-tier candidates.”

Filed Under: 2016 Campaign, Campaign Finance

A New Chapter in American Politics

July 10, 2015 at 8:34 am EDT By Taegan Goddard 22 Comments

Rick Klein: “The unprecedented and eye-popping $103 million brought in by Jeb Bush’s super PAC over the first half of the year brings a modicum of clarity to the GOP field, along with some new rules of presidential politics. For starters, Bush has to be considered the frontrunner at this point, simply based on the math. It’s highly unlikely that any of his rivals will be anywhere close to having the $114 million at his direct or indirect disposal at this stage. (And keep in mind he’s been a formal candidate for less than a month.)”

“Secondly, and perhaps more significantly, the strings to the biggest purse will be controlled thousands of miles from Bush’s Miami headquarters. This amount of money, at the control of Mike Murphy in Los Angeles, will mean heretofore basic campaign functions – advertising, most prominently, but not exclusively – will be handled by an outside entity. This is a major change in how campaigns are conducted – and Jeb won’t be the last to have his operation shift in this fashion.”

Filed Under: Campaign Finance

Super PACs Take Over Campaign Organizing

July 8, 2015 at 7:37 am EDT By Taegan Goddard 3 Comments

New York Times: “In previous election cycles, super PACs — which can raise unlimited donations from corporations and individuals alike — largely channeled money from wealthy donors into political advertising. But now they are branching out into what had seemed a fundamental function of a campaign committee: organizing voters one at a time.”

“The practice of having super PACS, which can be entirely financed by a single billionaire, take over such operations allows campaigns, which may raise only $2,700 from any one donor, to outsource the costly, labor-intensive work of recruiting activists and building lists of supporters. It could also allow second-tier candidates to be more competitive, prolonging the nominating process.”

Filed Under: 2016 Campaign, Campaign Finance

IRS Won’t Challenge Role of Nonprofits in Campaigns

July 7, 2015 at 8:00 am EDT By Taegan Goddard 9 Comments

“As presidential candidates find new ways to exploit secret donations from tax-exempt groups, hobbled regulators at the Internal Revenue Service appear certain to delay trying to curb widespread abuses at nonprofits until after the 2016 election,” the New York Times reports.

“In a shift from past elections, at least eight Republican presidential candidates, including leading contenders like Jeb Bush and Senator Marco Rubio of Florida, have aligned with nonprofit groups set up to raise hundreds of millions of dollars. Hillary Rodham Clinton’s supporters are considering a similar tactic.”

Filed Under: 2016 Campaign, Campaign Finance

The United States of Corruption

June 27, 2015 at 6:21 pm EDT By Taegan Goddard 26 Comments

Gary Hart: “Can anyone seriously doubt that our republic, our government, is corrupt? There have been Teapot Domes and financial scandals of one kind or another throughout our nation’s history. There has never been a time, however, when the government of the United States was so perversely and systematically dedicated to special interests, earmarks, side deals, log-rolling, vote-trading, and sweetheart deals of one kind or another.”

“What brought us to this? A sinister system combining staggering campaign costs, political contributions, political action committees, special interest payments for access, and, most of all, the rise of the lobbying class.”

Filed Under: Campaign Finance, Corruption Tagged With: Gary Hart

Influence of Money in Politics a Top Concern

June 21, 2015 at 8:53 am EDT By Taegan Goddard 7 Comments

A new new Wall Street Journal/NBC News poll finds that Americans express far more alarm about the influence of money in politics than the fact that another Bush and Clinton are running for the White House.

“Asked to rank their top concerns about the upcoming presidential election, one-third of Americans pointed to the sway that companies and wealthy individuals may have over the outcome, more than for any of five other issues tested.”

Filed Under: 2016 Campaign, Campaign Finance

Do You Have a Republican or Democratic Job?

June 4, 2015 at 3:48 pm EDT By Taegan Goddard 6 Comments

Wonk Wire takes a look at campaign finance disclosures.

Filed Under: Campaign Finance

Authorities Unlikely to Stop Fundraising Free-for-All

June 4, 2015 at 10:56 am EDT By Taegan Goddard 9 Comments

“White House hopefuls raking in record amounts of money in the 2016 presidential race are already being accused by watchdog groups of breaking campaign fundraising laws. But the Department of Justice is unlikely to prosecute possible violations and halt the funding free-for-all, say current and former department officials,” Reuters reports.

“With deadlock in the campaign finance regulator, the Federal Election Commission, watchdog groups are calling on the Justice Department to investigate contenders such as Republican Jeb Bush, who they say is conducting a charade of ‘non candidacy’ to skirt federal election fundraising laws.”

Filed Under: 2016 Campaign, Campaign Finance

Guinta’s Mother Contradicts His Money Claim

June 3, 2015 at 1:22 pm EDT By Taegan Goddard 16 Comments

Rep. Frank Guinta’s (R-NH) mother contradicted his claim that $355,000 given to his 2010 campaign was his own money, the New Hampshire Union Leader reports.

“There is no evidence to support the ‘family pot defense,’ a theory he put forward claiming legal title to money in an account held solely in his parents’ names, according to FEC documents. The documents detail a $1 million fund belonging to his parents he could tap to help pay for expenses — including his mayoral campaign in Manchester, credit card bills and mortgages. But federal investigators said he had no legal right to the money. For years, Guinta has maintained the money did not belong to his parents. His mother, Virginia Guinta, told the FEC that she understood the funds were loans that would be repaid.”

Filed Under: Campaign Finance Tagged With: Frank Guinta

Both Parties Favor Overhaul of Campaign Finance

June 2, 2015 at 11:31 am EDT By Taegan Goddard 16 Comments

A new New York Times/CBS News poll finds Americans of both parties “fundamentally reject the regime of untrammeled money in elections made possible by the Supreme Court’s Citizens United ruling and other court decisions and now favor a sweeping overhaul of how political campaigns are financed.”

“The findings reveal deep support among Republicans and Democrats alike for new measures to restrict the influence of wealthy givers, including limiting the amount of money that can be spent by ‘super PACs’ and forcing more public disclosure on organizations now permitted to intervene in elections without disclosing the names of their donors.”

Filed Under: Campaign Finance

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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