2020 Election

PACs and nonprofits fuel 2020 elections

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As is the case every year, the month or so before election day is one of the busiest of the year for both political contributions and spending. Voters begin to tune in, early and absentee voting starts, and candidates make their final pitches to the electorate. Political action committees (PACs) and other groups spend considerable amounts to influence election outcomes. This year, even with a raging pandemic, those dynamics have held. Here are the top 20 groups raising money during the Third General Reporting Period, which covered October 6th – 27th.  Political action committees or independent expenditure groups have raised an aggregate sum of $8.3 million since June.

2020 Election

Despite no corporate money pledges, Democratic federal candidates keep taking it

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While every Democrat running for federal office in New Mexico this year pledged to not accept money from corporate political action committees, they still benefit from corporate giving. 

Funneled to their campaigns from intermediary PACs that gather corporate money and then redirect it to candidates for office, the donations shine a light on the complications Democrats face when attempting to distance themselves from corporate special interests while still raising enough money to run winning campaigns. Since the landmark Citizens United vs. FEC Supreme Court ruling in 2010– which opened political campaigns to unrestricted outside spending in elections by corporations, nonprofits, unions, and other organizations—a movement to enact reforms that would limit corporate influence in elections has grown, and found a home within the Democratic Party. One group, called End Citizens United, encourages candidates to pledge not to accept donations from corporate PACs. Federal rules already prohibit candidates from taking donations from corporations directly.