Saturday, December 14, 2024

Tag: Dems Capitalizing On Untraceable Political ‘Dark Money.’

Dems Capitalizing On Untraceable Political ‘Dark Money.’

from The National Pulse:

Democrat-aligned election groups are raking in dark money donations ahead of the 2024 election, according to campaign finance watchdog OpenSecrets. The group says that an unprecedented amount of untraceable funds is expected to flow to political groups. In 2023, an estimated $160 million in dark money was donated to political committees, a record-breaking figure for this point in any election cycle following the Citizens United v. FEC Supreme Court ruling.

The report showed that Democrat-friendly groups received about $84.5 million from undisclosed sources, while their Republican counterparts pulled in just over $74 million. Undesignated groups, referred to as ‘others,’ accounted for a comparatively small $2.4 million in political expenditure. OpenSecrets highlights a trend of Democrat groups consistently receiving more support from anonymous donors since the 2018 election cycle.