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This week in money-in-politics
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Super PACs backing Warren and Klobuchar won’t disclose donors until long after Nevada
Ahead of the critical Nevada caucuses Saturday, Sens. Elizabeth Warren (D-Mass.) and Amy Klobuchar (D-Minn.) are being backed by super PACs for the first time. And those groups aren’t required to disclose their donors until long after votes are counted in The Silver State.
Warren, who has railed against super PACs as part of her campaign’s anti-corruption message, will be backed by an ad buy of more than $1 million in Nevada from a brand new group called Persist PAC. Led by progressive political consultants, the super PAC’s first ad champions Warren’s work to take on Wall Street. The unexpected boost comes after Warren’s dismal fourth-place finish in New Hampshire, and after Warren urged her Democratic opponents to “say no to the PACs” on the debate stage.
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Past spending comes back to 2020 Democrats in the form of endorsements
Billionaire Mike Bloomberg’s deep pockets and history of political spending seem to have benefited the Democratic presidential candidate as the race tightens. Other candidates such as former Vice President Joe Biden, Sen. Amy Klobuchar (D-Minn.) and Sen. Elizabeth Warren (D-Mass.) are endorsed by Democrats who received money from their leadership PACs.
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Veterans super PAC spending big to intervene in GOP primaries
A super PAC backed by wealthy donors that spent over $10 million supporting veteran candidates in 2018 is now spending heavily in 2020 Republican primaries. Most recently, it spent hundreds of thousands of dollars to target Tuesday’s special election in Wisconsin’s 7th Congressional District and the race for Rep. Mark Meadows’ open seat in North Carolina.
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Why corporate PACs have an advantage
To increase their Washington clout, powerful corporations and trade associations often use affiliated PACs to boost the campaigns of candidates aligned with their financial goals. PACs representing business interests have contributed $179 million to federal candidates and party committees this cycle, accounting for 73 percent of total PAC giving, dwarfing efforts from labor unions and issue-focused groups.
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