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Political Action Committee

All articles tagged with #political action committee

politics1 month ago•1 min saved

Two New Democratic Groups Launch $40M Push to Define AI Policy

New York Assemblymember Alex Bores has launched 'Who Decides,' a $30 million initiative aimed at unifying Democratic candidates around AI safety regulations by 2028. Simultaneously, a separate group called 'Tomorrow Together' has raised over $10 million to support swing-state House candidates who advocate for child-safety and data-privacy laws. Both organizations seek to address voter anxiety regarding artificial intelligence, though they differ in their structural focus and immediate electoral targets.

via politico.com|

#alex-bores #artificial-intelligence #campaign-finance

politics2 months ago•9 min saved

Solar Industry Bets Big to Oust Ogles in Tennessee

A renewables-backed Invest in Tomorrow Coalition PAC spent about $2 million to help Charlie Hatcher defeat Rep. Andy Ogles in Tennessee, using ads that highlighted voting records rather than energy issues. The move signals the solar industry’s growing willingness to wage targeted political battles to punish lawmakers who oppose renewables and to build a broader, more aggressive influence operation for future races.

via Politico|

#campaign-finance #lobbying #political-action-committee

politics1 year ago•0 min saved

Elon Musk's Growing Influence in Trump's Political Sphere

Elon Musk, known for leading companies like Tesla and SpaceX, has ventured into politics by forming America PAC, a political action committee that spent over $170 million leading up to the recent election. On Election Day, Musk encouraged voter turnout via a livestream on his social network, X, while en route to a potential victory party for Donald Trump at Mar-a-Lago.

via Bloomberg|

#donald-trump #elon-musk #political-action-committee

politics1 year ago•1 min saved

Elon Musk Joins Trump for Election Night at Mar-a-Lago

Elon Musk is set to spend election night with Donald Trump in Florida, as reported by CBS. Musk, who has been actively campaigning for Trump, will join him at events in Mar-a-Lago and possibly the Palm Beach Convention Center. Musk's America PAC has invested over $119 million in this election cycle, despite his previous criticism of Trump. Meanwhile, Steve Bannon plans a watch party in Washington DC, and Kamala Harris will be at Howard University, while President Biden will be at the White House.

via BBC.com|

#donald-trump #election-night #elon-musk

politics2 years ago•6 min saved

"Trump's Financial Struggles Shift Legal Bill Burden to RNC and Donors"

Former President Donald Trump's joint fundraising agreement with the Republican National Committee directs donations to his campaign and a political action committee that has been paying his legal bills before the RNC receives a cut, raising concerns among some Republicans that the party could be shortchanged. The unorthodox diversion of funds to the Save America PAC makes it more likely that Republican donors could see their money go to Trump's lawyers, who have received at least $76 million over the last two years to defend him against four felony indictments and multiple civil cases. Trump's fundraising trails that of President Joe Biden and national Democrats, and the invitation's fine print reveals that donations to the Trump 47 Committee will first be used to give the maximum amount allowed under federal law to Trump's campaign, with anything left over going to the Save America PAC and then to the RNC and state political parties.

via CBS News|

#donald-trump #elections #joe-biden

politics2 years ago•2 min saved

"Trump's PAC Spending Soars Over $50M on Legal Fees in 2023"

Former President Donald Trump spent over $50 million from his political action committees on legal fees in 2023, with the funds primarily directed towards his mounting legal battles. Trump's principal campaign committee still had over $33 million cash on hand by the end of the year. He faces 91 criminal counts across federal, state, and local indictments, with trials expected in 2024. Additionally, Trump faced civil suits in New York and was ordered to pay $83.3 million in damages to E. Jean Carroll. The Justice Department has spent $23 million investigating Trump and $6.4 million on its case against President Biden.

via New York Post |

#criminal-charges #donald-trump #legal-battles

politics3 years ago•5 min saved

"New PAC Supports Gen Zers Running for Office, Backed by Youth Activists and Democrats"

Gun control activist David Hogg is launching Leaders We Deserve, a political action committee that will support candidates under 35 running for federal office and under 30 running for state office. The group will primarily focus on state-level races and target open, Democratic-held seats in the upcoming 2024 primary season. Hogg aims to provide resources and coaching to young candidates from social movements that emerged during the Trump presidency, with a focus on issues like gun control and climate change. The initiative aims to encourage young people to not only vote but also run for office and work towards a better future.

via NPR|

#david-hogg #grassroots-movement #gun-control

politics3 years ago•7 min saved

Trump PAC's Dwindling Cash Reserves Amid Mounting Legal Fees

Former President Donald Trump's political action committee, Save America, is left with less than $4 million in its account after spending tens of millions of dollars on legal fees for Trump and his associates. The PAC has requested a $60 million refund from a pro-Trump super PAC, Make America Great Again Inc., which has already returned $12.25 million. The refunds are believed to be the largest in federal campaign finance history. The dwindling cash reserves highlight the challenge of balancing legal expenses with supporting Trump's political candidacy. Some experts argue that the refunds may be an attempt to circumvent campaign finance limits. Trump's legal and political fate are increasingly intertwined, with his recent indictments and the ongoing scrutiny of his PAC's spending.

via The New York Times|

#campaign-finance #donald-trump #legal-fees

politics3 years ago•3 min saved

Trump's Political Committee Spends Millions on Legal Fees as Legal Peril Grows

Former President Donald Trump's political operation, Save America, has spent over $40 million on legal fees this year to defend Trump, his aides, and allies. The group also received a $12.2 million refund from a pro-Trump super PAC. As Trump faces multiple criminal charges, his allies are launching a new legal defense fund called the Patriot Legal Defense Fund. The fund aims to raise money to cover legal costs for individuals involved in the political process. Trump's PAC has also requested a refund from his super PAC, MAGA Inc., to help cover expenses. The funds raised by Save America were not used to contest the election but instead went towards campaign debt and the Republican National Committee.

via The Associated Press|

#criminal-charges #donald-trump #legal-defense-fund

politics3 years ago•2 min saved

Trump's PAC Spends $40M on Legal Fees, Fuels Speculation on Indictments

Former President Donald Trump's political action committee, Save America, has reportedly spent over $40 million on legal fees since the beginning of the year. The PAC, which raises funds through small-dollar donations, is expected to disclose the amount to the Federal Election Commission. The spending has drawn scrutiny from prosecutors regarding potential conflicts of interest. Trump faces federal charges in Florida and New York, as well as the prospect of criminal indictments in Washington and Georgia. His team argues that the spending is necessary to defend against what they consider "unlawful harassment." The PAC has also sought the return of $60 million from another group due to the high legal costs.

via New York Post |

#donald-trump #gop #investigations

politics3 years ago•1 min saved

Trump Leadership PAC's Legal Fees Exceed $40 Million Amid Indictments

Former President Donald Trump's political action committee, Save America, has spent over $40 million on legal fees since the beginning of this year, more than double the amount spent in all of 2022. The PAC, funded mostly by small-dollar donations from Trump's supporters, is expected to report this expenditure to the Federal Election Commission. Trump's team argues that the significant spending is necessary to defend the former president and his inner circle as legal troubles mount, including charges related to mishandling classified documents, business fraud, and investigations into the January 6th Capitol attack and voter fraud claims.

via CNN|

#donald-trump #indictments #legal-fees

politics3 years ago•7 min saved

Trump Diverts Donations to Cover Legal Fees.

Former President Donald Trump has quietly changed the split of his online campaign contributions, diverting more money away from his 2024 presidential campaign and into a political action committee (PAC) that he has used to pay his personal legal fees. The change raises questions about how Trump is paying for his mounting legal bills, which could run into millions of dollars, as he prepares for at least two criminal trials, and whether his PAC, Save America, is facing a financial crunch. The existence of the group has allowed Trump to have his small donors pay for his legal expenses, rather than paying for them himself.

via The New York Times|

#campaign-finance #donald-trump #fundraising

business3 years ago•1 min saved

George Soros Passes Control of $25B Empire to Son Alex.

Billionaire George Soros has handed over control of his charitable foundation and political action committee to his son Alexander Soros. Alexander Soros is now the chair of the Open Society Foundations and has stated that he is "more political" than his father, and expects to embrace different causes with the foundation, particularly voting rights and abortion rights. George Soros has given $32 billion to his Open Society Foundations, which was founded in 1979 with the goal of working for justice, democratic governance, and human rights worldwide.

via CNN|

#alexander-soros #business #george-soros

politics3 years ago•1 min saved

Nebraska Conservatives Push for Abortion and Trans Health Bans Amidst March Poll Results.

The Nebraska First PAC, founded by Charles Herbster, has re-publicized a poll it funded in March, which found that over three-fourths of Nebraskans surveyed supported outlawing gender-reassignment surgeries for minors. The poll also indicated majority support for restricting which school bathrooms and locker rooms trans youth use to their sex at birth. The ban on gender-affirming treatments for trans youths is part of Legislative Bill 574, which has been described as unnecessary and cruel by advocates for trans Nebraskans.

via Nebraska Examiner|

#healthcare #legislation #nebraska