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Today in Political fundraising:
- Philly’s prospective congressional comeback kid Marjorie Margolies, who is trying to reclaim her old seat in Congress, is partying tonight with the OG of comebacks — Bill Clinton. Want to press the flesh? Be prepared to pony up $5,000.
- Miiiiitch! The Senate Minority Leader is partying with Toyota and Lexus. That’ll cost you $1,000 as an individual.
- Paul Ryan just reported raising a record-breaking $1.4 million during the last three months. Considering he’s a relative lock for re-election, you can expect him to re-distribute that to his GOP colleagues. | Politico
- But let’s not forget Hil-Hil: She may still be silent on 2016, but a pro-HRC super PAC raised $1.7 million last quarter. | National Journal
- "Two Florida doctors who received the nation’s highest Medicare reimbursements in 2012 are both major contributors to Democratic Party causes,” says the New York Times.
- More cash-$$$ hauls, care of Public Campaign’s Daily Clips. | Sign up here | Campaign Money on Tumblr
It’s an ATM state, y’all.
Harry Reid and Nancy Pelosi will also be on hand at the fundraiser in the home of Houston lawyer, John Eddie Williams
Former Massachusetts Sen. Scott Brown ends months of speculation on Thursday, when he’s slated to make a formal announcement that he’s running for Senate in New Hampshire. But before that, why not have a party?
Tonight, Brown is having a fundraiser in D.C., with tickets starting at $250 and going up to $2,500.
Hey party people hey! We’ve scoured the political fundraiser calendar for the week and found that Republicans are going big in Georgia, Iowa and New Hampshire. Dems, don’t worry - President Obama is doing his part on Wednesday with a very pricey party in Houston.
Here are all of the details: http://snlg.ht/PSjFRm. Party on!
Undoubtedly, I will give more to individual candidates, and less through ‘super PACs’ or other organizations,” said David DesJardins, a top Democratic donor. “I get a louder megaphone, but why should people like me have the biggest megaphone?
via New York Times
As our friends at the Washington Post write: “Big money groups have the worst names. And it’s time to do something about it.”
With #McCutcheon opening the floodgates for millions more in political contributions, the campaign finance world needs a revamp!
We couldn’t agree more — and that’s where you come in, Partiers - The Fix is holding a contest to think up pithy names to describe dense fundraising committees, and we’re looking to you to spice things up.
There are two categories to name:
- "Outside Groups" - Groups like super PACs and social welfare non-profits that cannot coordinate with political candidates (wink, wink).
- "Million-dollar joint fundraising committees" - Not yet fully realized, these are groups that may sprout up after McCutcheon in which parties and candidates join together to collect cash in amounts up to $3.6 million.
So, what to call them? Party Time had one idea:
— Political Party Time (@SFpartytime)April 4, 2014
Leave your ideas in the comments below, or tweet your wisdom with the hashtag “nextsuperPAC.”
So what are you waiting for? You could end up in next year’s dictionary!
The Supreme Court’s decision to strip our campaign finance system of a cap on election cycle giving may well prove to be a gut punch to politics in the long run. But it’s already got donors reeling: It also stripped them of their best excuse to give cash-starved politicians:
"Love to help you Diamond Jake, but I’m maxed out this cycle!"
Well fear not donors, we’ve rounded up a few more excuses you can offer, when the phone starts ringing off the hook.
- "Happy to contribute, but all I have are bitcoins.”
- "My dog ate my checkbook. Do you take cash?”
- "Would love to give, but I’ve shaved my head, donned sackcloth, and donated my entire fortune to the Church of Eternal Influence. Why don’t you give them a call?”
- "Did I mention that I’ve just become a federal contractor?”
- "I just renounced my U.S. citizenship and am now a foreign national.”
So fear not, donors. Hope springs eternal. It just might take a little more creativity in the future.
In case you missed it: This happened at the U.S. Supreme Court yesterday. Luckily, just about everything you need to know about the McCutcheon v. FEC decision is on Sunlight’s blog.
Here’s a breakdown:
- Why John Roberts’ justification for lifting the cap — that the Internet is a panacea for transparency — is way off.
- And here’s what you can do about it:
Sunlight has called for a response to McCutcheon in the form of real-time disclosure of campaign donations.
Sen. Angus King (I-Maine) and Rep. Beto O’Rourke (D-Texas) have moved quickly to introduce just such a bill. Stay tuned for more.