Tag: Mike Bloomberg

Bloomberg campaign transfer of $18 million to DNC sparks complaints to federal regulators

NOTE:  Citizens United up in arms about money going into campaigns is ironic beyond belief. We give you this story.

Washington Post logoA conservative group has filed a petition asking federal regulators to prevent self-funded candidates from emulating former New York mayor Mike Bloomberg, who they say used a loophole to make a historically large $18 million contribution to the Democratic National Committee.

Citizens United, the group widely known for its 2010 namesake landmark Supreme Court case that helped pave the way for super PACs, on Wednesday filed a petition with the Federal Election Commission asking federal regulators to create new rules to limit the amount of leftover money that a self-funded federal candidate can transfer to the national party once the candidate has dropped out of the race.

The request followed two FEC complaints filed by other groups that alleged Bloomberg made an improper transfer.

Mike Bloomberg transfers his campaign assets to Democratic Party to fight President Trump in swing states

Washington Post logoFormer New York mayor Mike Bloomberg has decided to donate significant components of his shuttered presidential campaign to the Democratic Party, a historic bequest that includes an $18 million cash infusion to organize for the general election in swing states.

The decision, which exploits a provision in campaign finance law available only to federal candidates, amounts to a shift in strategy for the billionaire political activist, who had previously promised to personally fund ground staff and offices in six states through an independent expenditure effort.

He now hopes that much of the same operation will be run through the state and national Democratic Party, which would allow for it to directly coordinate with the Democratic nominee, whom he expects to be former vice president Joe Biden. An independent expenditure campaign is barred from such coordination. Continue reading.