Democrats Set Up 2016 Convention Account
Democrats have filed the paperwork to create a new fundraising committee to pay for the partys 2016 presidential convention.
The new committee will be permitted to raise more than $30,000 per donor per year to be put toward the partys quadrennial presidential nominating convention. The money raised for the convention is on top of the donor cash the Democratic National Committee is allowed to raise for political activities like advertising and digital work.
The new Democratic National Convention Committee 2016 was authorized by Congress this month as part of a legal change to campaign-finance laws that was included in the December deal brokered between Republicans and Democrats to avoid a government shutdown.
Republicans are widely expected to form a similar convention committee in the coming weeks.
The new law permits national political parties to create separate entities to fund political conventions, headquarters and building improvements and legal proceedings like recounts vastly increasing the total amount of money that donors can give to political parties.
Its part of the tug of war between political parties and outside groups like super PACs that has emerged in the aftermath of the landmark 2010 Citizens United v. Federal Election Commission ruling.
Outside groups like Karl Roves Crossroads network and the network of political nonprofits formed by oil magnates Charles and David Koch have come to dominate the political landscape in the last three election cycles and have replaced many of the core functions of political parties. Those groups are permitted to raise and spend unlimited sums of cash, so long as they dont coordinate with political parties and candidates. Political committees, on the other hand, are limited to collecting about $30,000 per donor per year.
Campaign-finance watchdogs worry that the new changes will vastly increase the amount of money in politics, while supporters of the changes say that they will help level the playing field between outside groups and political parties.
Conventions were once routinely publicly financed by taxpayers, but this year President Barack Obama signed a law ending the publics subsidy of political conventions giving the money to the National Institutes of Health for pediatric medical research.
Democrats will hold their 2016 convention in Brooklyn, N.Y., Philadelphia or Columbus, Ohio. Adecision on the site is expected early next year.
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Democrats Set Up 2016 Convention Account