counterpunch | In August 2015, at the Democratic Party convention in Minneapolis, 33
democratic state parties made deals with the Hillary Clinton campaign
and a joint fundraising entity called The Hillary Victory Fund. The deal
allowed many of her core billionaire and inner circle individual donors
to run the maximum amounts of money allowed through those state parties
to the Hillary Victory Fund in New York and the DNC in Washington.
The idea was to increase how much one could personally donate to
Hillary by taking advantage of the Supreme Court ruling 2014, McCutcheon
v FEC, that knocked down a cap on aggregate limits as to how much a
donor could give to a federal campaign in a year. It thus eliminated the
ceiling on amounts spent by a single donor to a presidential candidate.
In other words, a single donor, by giving 10,000 dollars a year to
each signatory state could legally give an extra $330,000 a year for two
years to the Hillary Victory Fund. For each donor, this raised their
individual legal cap on the Presidential campaign to $660,000 if given
in both 2015 and 2016. And to one million, three hundred and 20 thousand
dollars if an equal amount were also donated in their spouse’s name.
From these large amounts of money being transferred from state
coffers to the Hillary Victory Fund in Washington, the Clinton campaign
got the first $2,700, the DNC was to get the next $33,400, and the
remainder was to be split among the 33 signatory states. With this
scheme, the Hillary Victory Fund raised over $26 million for the Clinton
Campaign by the end of 2015.
The money was either transferred to the Hillary for America or
Forward Hillary PACs and spent directly on the Hillary Clinton Campaign,
often paying the salaries and expenses within those groups, or it was
moved into the DNC or another Clinton PAC. Some of it was spent towards
managing the Hillary merchandise store, where you can buy Hillary T
shirts and hats and buttons.
The fund is administered by treasurer Elizabeth Jones, the Clinton
Campaign’s chief operating officer. Ms. Jones has the exclusive right to
decide when transfers of money to and from the Hillary Victory Fund
would be made to the state parties.
One could reasonably infer that the tacit agreement between the
signatories was that the state parties and the Hillary Clinton Campaign
would act in unity and mutual support. And that the Super Delegates of
these various partner states would either pledge loyalty to Clinton, or,
at the least, not endorse Senator Sanders. Not only did Hillary’s
multi-millionaire and billionaire supporters get to bypass individual
campaign donation limits to state parties by using several state parties
apparatus, but the Clinton campaign got the added bonus of buying that
state’s Super Delegates with the promise of contributions to that
Democratic organization’s re-election fund.
If a presidential campaign from either party can convince various
state parties to partner with it in such a way as to route around any
existing rules on personal donor limits and at the same time promise
money to that state’s potential candidates, then the deal can be sold as
a way of making large monetary promises to candidates and Super
Delegates respectable.
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