Donors can now give $620,600 to Biden and DNC, expanding Democratic big-money fundraising

[RandySF]

Presumptive Democratic presidential nominee Joe Biden will ask donors to give as much as $620,600 to support his White House bid and down-ballot candidates, dramatically expanding his fundraising capability to compete with President Trump’s big-money machine.

The Biden Victory Fund, a committee that raises money with the Democratic National Committee, on Saturday filed an agreement that allows wealthy donors to give large checks that will be shared by the campaign, the party and 26 state parties — the latest move by Democrats to ramp up the former vice president’s fundraising for the general election.

The decision allows Biden to raise money at the levels of the campaign for Trump, who has enjoyed a fundraising advantage as the incumbent president who can coordinate directly with the party and state parties.

The Biden Victory Fund agreement is the latest example of the dramatically expanding fundraising power of national party committees, made possible through pivotal legal changes in 2014 that loosened restrictions on individual contributions.

While a person can give a maximum of $5,600 to Biden’s campaign committee, the new agreement allows one donor to legally give more than 110 times that amount in support of Biden’s election.



https://www.washingtonpost.com/politics/donors-can-now-give-620600-to-biden-and-dnc-expanding-democratic-big-money-fundraising/2020/05/16/d2bf51cc-978a-11ea-82b4-c8db161ff6e5_story.html

[The Velveteen Ocelot]

1. Great! I'll write a check.

Unfortunately I will have to leave town before it bounces, and it's become a lot harder to travel these days. So maybe not.