Democratic dark money groups, megadonors, and unions are funding a massive spending effort aimed at reelecting President Joe Biden and advancing the Democratic Party’s power in Washington.
So far, nine major outside spending groups say they will together spend nearly $800 million to support the reelection of President Biden. This is in addition to the massive financial resources the Biden campaign and the Democratic National Committee (DNC) will likely pour into the rematch of the 2020 election.
The progressive organizations—American Bridge 21st Century, Campaign for a Family Friendly Economy, Climate Power, League of Conservation Voters, MoveOn, Republican Voters Against Trump, Service Employees International Union, Unite the Country, and VoteVets— have pledged to spend a total of $792 million on the 2024 election to boost President Biden and the Democratic Party.
Former President Donald Trump, who is supported by the Republican National Committee (RNC) and its affiliates, is not seeing nearly as many commitments.
Groups pledging to back President Trump’s campaign or to hinder President Biden add up to less than a quarter of the amount pledged by the Democrat money powerhouse.
All told, about $160 million has been formally pledged to explicitly help President Trump’s campaign, and Republicans in general. One major group has said it will spend “eight figures” to go against President Biden.
An Epoch Times analysis of the financial records of the various groups shows many are a combination of federally regulated political action committees (PACs) and 501(c)(4) or 501(c)(3) nonprofits.
Under federal law, PACs must report regularly to the Federal Election Commission (FEC), disclose their donors, and declare their overall finances.
The nonprofits, which are classified as charitable organizations and social welfare organizations by the IRS, report much less often and aren’t required to name their donors. For this reason, 501s are frequently called dark money groups.
PACs that do share donor information are getting money from some of the most prolific donors and organizations in the United States.
American Bridge
American Bridge 21st Century, a group specializing in researching and publicizing negative information about opponents of the Democratic Party candidates, said it will spend $200 million on the 2024 election.
