Philly-area candidates benefit from fundraising strategy that critics say bypasses donation limits
A political fundraising strategy that critics say increases mega-donors’ influence, strengthens parties’ power, and skirts contribution limits — one calls it “legalized money laundering” — is on the rise in the Philadelphia region.
Nationwide, groups known as joint-fundraising committees have raised more money this year than in any previous midterm election cycle.
How it works: Joint-fundraising committees, explainedJoint-fundraising committees have existed for decades, but there were always limits on how much money donors could give in an election cycle. When the U.S. Supreme Court struck down those limits in 2014, they supercharged the committees — and fueled a boom in mega-donations to them. Here’s how it all works.
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