Monday, November 30, 2020

Spin Cycle: Presidential campaigns can launder money because of Supreme Court decision

https://www.marylandmatters.org/2020/11/30/how-state-political-parties-helped-big-money-pay-for-the-2020-election/

 

Sheldon Adelson can give Pres. Trump only $2,700 per year, but he and his wife gave almost $1.2 million to Trump Victory Fund, which distributed it to over 40 state Republican parties. [Note that the Adelsons contributged over $172 million in total for this federal election cycle!] The parties immediately transferred it to the Republican National Committee. Democrats do the same thing on the same scale. All this is made possible by the April 2014 SCOTUS decision McCutcheon v. FEC.

 

Charlie Cooper

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