[ad_1]
US President Joe Biden – Photo: REUTERS
According to Bloomberg news on January 23, Mr. Biden’s campaign has received $ 145 million in money from anonymous sources (often referred to as “black money”) in donations. This type of fundraising has been condemned by the Democratic Party for many years.
The money is part of the total $ 1.5 billion in funds raised for Biden’s campaign, the record level for a candidate to challenge the incumbent president.
By comparison, former US President Donald Trump received $ 28.4 million in “black money” in the 2020 presidential election. The previous record belonged to 2012 GOP presidential candidate Mitt Romney with the amount of money. 113 million dollars.
Democrats have previously stated that they want to ban “black money” because they believe it is a type of “special corruption,” which allows parties to silently support a candidate without any scrutiny.
But in an attempt to defeat Trump in 2020, the Democrats accepted this.
For example, Priorities USA Action Fund used $ 26 million from its nonprofit operating arm, Priorities USA, to support Mr. Biden. The contributors of this money are completely anonymous.
According to the BloombergPriorities USA Action Fund is a political action super commission (PAC) that Mr. Biden prefers for external spending.
Bloomberg said Mr. Guy Cecil, President of Priorities USA, who has no regrets about receiving the money mentioned.
“We will not unilaterally disarm Trump and the right-wing forces that have supported him,” Cecil said in the latest statement.
In theory, the campaign finance law favors limiting the influence of large donations for politicians.
However, the current American political system is believed to have many holes. Biden-backed organizations, like others, are taking advantage of these flaws.
“He’s benefited from it,” said Larry Noble, a former attorney general for the Federal Election Commission (FEC).
A spokesman for Biden did not respond to the above information.
The US President’s Election Campaign has called for certain models of nonprofits to be banned from spending money to influence elections and require any organization to spend more than $ 10,000 on elections. You must register with the FEC and publish the name of your sponsor.
