• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Top Dem committees are raking in millions more in dark money at this point in time compared to previous cycles
Economy

Top Dem committees are raking in millions more in dark money at this point in time compared to previous cycles

by August 28, 2023
by August 28, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Top Democratic committees are receiving far more cash from anonymous sources at this point in the 2024 elections than in previous cycles, filings reviewed by Fox News Digital show. 

The Sen. Chuck Schumer-affiliated Senate Majority PAC and Rep. Hakeem Jeffries-aligned House Majority PAC have raked in millions in mysterious cash this year from their related nonprofits that conceal their donors’ identities. The money ultimately trickles to Democrats in both chambers of Congress, including lawmakers who rail against the impact of secret political donors.

Federal Election Commission records show that during the first six months of the year, Majority Forward, an advocacy group linked to the Senate Majority PAC, directed $8.75 million into the Schumer-tied PAC. Meanwhile, House Majority Forward, a nonprofit with ties to the House Majority PAC, has pushed $5.5 million into the Jeffries-aligned PAC.

The more than $14 million in dark funds between the nonprofits and committees is far more than at an identical point in the 2022 and 2020 elections. In 2022, Majority Forward wired $4.3 million to the Senate Majority PAC during the same time frame, while House Majority Forward did not make any transfers to the House Majority PAC. In 2020, neither nonprofit moved donations to the PACs this early into the election, but did send money for salaries, records show.

The moves occurred as Schumer regularly criticized dark money, which he says ‘corrupted our politics.’ He has also pushed conservative judicial groups to disclose their funders, as he and other Democrats have benefited from several dark money judicial groups of their own. 

According to Majority Forward’s most recent tax forms obtained by Fox News Digital, the group received $75 million between mid-2021 and 2022. House Majority Forward’s tax forms show that the group collected $12 million in 2021, which likely will ramp up as the election draws closer.

Senate and House Democrats are not the only ones positioned to benefit from unknown donors. President Biden appears set to benefit from immense sums in undisclosed contributions from the primary outside super PAC backing his 2024 candidacy despite his claims that dark money ‘erodes public trust.’

Biden’s team elevated the Future Forward PAC as the leading outside group to collect cash in support of his candidacy. Future Forward told the New York Times in July that it had raised $50 million this year.

The money, however, is likely parked in its related dark money nonprofit, Future Forward USA Action. The PAC reported just $67,000 in contributions during the first six months of the year, which came from a vendor refund and in-kind donations from the nonprofit for staff time and overhead. 

Future Forward’s nonprofit has moved tens of millions to the PAC for electoral activity in recent years, signaling Biden will also obtain a significant boost from anonymous patrons throughout the 2024 elections.

The Senate Majority PAC and House Majority PAC did not respond to requests for comment.

Joe Schoffstall is a politics producer/reporter for Fox News Digital. Story tips can be sent to Joe.Schoffstall@Fox.com and on Twitter: @joeschoffstall

This post appeared first on FOX NEWS
You Might Also Like
  • Obama ethics chief blasts Biden’s ‘inexcusable neglect of the most basic security protocols’
  • Trump says Pelosi ‘probably a little bit smarter’ than Nikki Haley, claims he ‘purposely’ mixes them up
  • No suspect yet in White House cocaine investigation, culprit may never be found: source
  • Nancy Mace previews House hearing on AI deepfakes
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Mark Meadows to make first court appearance in Georgia election case
next post
IHOP rolls out biscuits menu nationwide for the first time as chain fights slowing sales

You may also like

Nikki Haley vows to cut Biden’s ‘disastrous’ energy policies, increase...

June 8, 2023

Pence worries TikTok bill could get lost in ‘fog of...

April 9, 2024

Supreme Court to decide if Trump banned from Colorado ballot...

January 6, 2024

‘Zuck Bucks 2.0’: Zuckerberg-funded group pushing millions to influence local...

January 21, 2023

Defense Sec. Austin apologized directly to Biden over hospitalization controversy:...

February 2, 2024

China, Russia send naval warships near Alaska, triggering forceful US...

August 6, 2023

House Republicans say US needs to avoid government shutdown —...

November 8, 2023

What is VP Harris’ role in 25th Amendment and how...

July 9, 2024

Soros-backed prosecutor accused of accepting thousands in campaign donations from...

September 15, 2023

Fox News Digital focus group members shift whom they are...

June 28, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Florida National Guard troops ‘proud to...

    May 29, 2023

    Gun rights group issues ‘travel advisory’...

    July 12, 2023

    America under Kamala Harris would be...

    August 9, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here