• 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
  • UN holds moment of silence for ‘Butcher of Tehran’ Raisi after Iranian president dies in helicopter crash
  • Texas lawsuit seeks at least $17M in Medicaid reimbursements from Planned Parenthood
  • DeSantis’ governorship timeline coincides with a presidential campaign return: expert
  • Experts weigh in on liberal ‘freak out’ over RFK Jr after VP announcement: ‘Democrats’ worst nightmare’
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

China, Russia suffer setback to global ambitions with major player...

December 31, 2023

New poll reveals how Trump trial verdict will impact 2024...

May 30, 2024

Biden says he’d drop out if polls showed ‘no way’...

July 12, 2024

Blinken, US delegation drive from Paris to Brussels after his...

April 4, 2024

Biden campaign takes aim at Nikki Haley on education

September 7, 2023

The dollar index rose above 102.50 after Friday’s top news

October 7, 2024

Kentucky education commissioner leaves for Western Michigan University job

August 1, 2023

Gov. Pillen, Nebraska legislators propose sweeping tax relief plan

January 18, 2023

Israeli officials confirm Tel Aviv bombing was a terrorist attack,...

August 19, 2024

Biden vetoes bill canceling his $400 billion student loan handout,...

June 8, 2023

    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

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

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

      June 27, 2024 2,765 views
    • 2

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

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

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

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

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

      June 27, 2024
    • 2

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

      August 9, 2024
    • 3

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

      June 25, 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

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    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

    Red state AGs move to block...

    December 11, 2023

    Ted Cruz challenger said it would’ve...

    May 6, 2023

    Senate Banking Republicans wary of Biden...

    March 14, 2023
    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