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June 18, 2020
This week in money-in-politics
Democrats’ Kentucky Senate hopeful smashes fundraising records, but can she win the primary?
Amy McGrath, national Democrats’ preferred candidate to take on Senate Majority Leader Mitch McConnell (R-Ky.) in November, faces a competitive primary election June 23, prompting concerns that her unprecedented fundraising haul could go to waste.
McGrath, a former Marine fighter pilot, raised a stunning $41 million with the backing of Senate Democrats’ campaign arm. So far, she’s managed to outraise McConnell by a whopping $9 million, making the Kentucky Senate contest the most expensive race of the 2020 cycle.
But before McGrath can face off with McConnell, she has to beat state Rep. Charles Booker, who earned endorsements from Kentucky’s largest newspaper and influential progressives.
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** Outside money flows in as 30-year incumbent faces progressive primary challenger
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Longtime incumbent Eliot Engel (D-N.Y.) is facing the most serious primary of his 30-year career after a controversial comment provided newfound momentum to his progressive opponent. Former Bronx middle school principal Jamaal Bowman has surged as the leading progressive challenger in New York’s 16th District, drawing comparisons to Rep. Alexandria Ocasio-Cortez’s primary challenge in 2018 which resulted in an unlikely victory.
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** FEC to take public comments on petition to close ‘Bloomberg loophole’
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The Federal Election Commission agreed Thursday to take public comments on a petition to close a loophole that allowed Michael Bloomberg to transfer millions to the Democratic National Committee. Holding its first meeting in 300 days after having its quorum restored, the FEC unanimously voted to advance a petition brought by conservative group Citizens United that aims to end the “Bloomberg loophole.”.
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** Liberal groups unite to stop unlikely frontrunner in crowded Bronx House primary
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New York City Councilman Rubén Díaz Sr. has far less campaign cash than his Democratic opponents running for New York’s deep-blue 15th District seat. He’s had kind words for President Donald Trump, and his history of homophobic remarks and opposition to abortion rights prompted liberal groups to spend big to stop him. Still, Díaz is considered the frontrunner in the June 23 primary for the nation’s most liberal House seat, located in the Bronx.
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No, that company cannot fund Trump’s campaign
Major corporations aren’t bankrolling President Donald Trump’s reelection campaign, despite viral social media posts that say otherwise. They also aren’t funding former Vice President Joe Biden’s White House bid.
That’s because corporations are barred from contributing directly to federal candidates’ campaigns or political parties. Only individuals and political action committees, which can include those funded by employees of a company, may contribute to candidates.
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Next Thursday, join gender and race researcher Grace Haley and research director Sarah Bryner for our latest class: "Gender, race, and money in politics."
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
* ** George W. Bush to host virtual fundraiser for Republican senators (The Washington Post) ([link removed])
Former President George W. Bush is scheduled to appear at a virtual fundraiser with four Senate Republicans facing tough reelection battles, including two that represent states President Trump lost in 2016.
* ** Rep. Yvette Clarke’s epic reelection battle (City & State New York) ([link removed])
In her crowded primary, incumbent Rep. Yvette Clarke of New York is facing criticism for her fundraising practices.
* ** Fact check: Restaurant chains don't directly donate to Trump's reelection campaign (USA Today) ([link removed])
Using OpenSecrets data, USA Today fact-checked claims that various companies had been directly funding the reelection campaign of President Donald Trump.
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** Inside Climate News ([link removed])
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** Bloomberg ([link removed])
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