DNC members approved a measure on Saturday at their meeting in Las Vegas that will ban…….
donations from certain corporate political action committees — including those tied to tobacco companies, gun makers and payday lenders — that “conflict” with the party’s platform.
The committee’s leadership “Will implement it going forward,” said DNC spokeswoman Xochitl Hinojosa.
THE MEASURE: Is not legally binding giving the DNC some leeway on how to put it in place. The move is an effort to bridge the gap between DNC members who want to ban all corporate and lobbyist contributions to the committee, and those who believe the party can’t unilaterally disarm its fund-raising efforts as Republicans rake in millions of dollars from corporate and lobbyist sources.
“The American people are looking to Democrats to promote people-powered politics in this era of resistance, revival, and reform,” reads the measure, authored by California DNC member Christine Pelosi, daughter of House Democratic Leader Nancy Pelosi and a long-time advocate for reducing the corporate and lobbyist influence on the party.
Pelosi said she hopes the new ban will be executed by the DNC in the same manner as the previous one, with the DNC’s finance team evaluating contributions as they come in to determine if they originated with appropriate donors.
The resolution also includes language encouraging state Democratic parties and candidates to draw clear lines around the money they will and won’t accept. “It’s just taking two or three steps to make sure there’s internal consistency,” Pelosi said. “You try to do what you can and I think that matters to voters.”
At its February meeting, at which former U.S. Labor Secretary Tom Perez was elected party chair, the DNC considered a measure that would have been slightly narrower than the Obama ban, barring donations from corporate PACs. “It is not something new. We operated
THE BAN: is not new to the party, last time it was implemented was in 2008 under Obama and was later ended by then DNC Chairwoman Debbie Wasserman Shultz in 2016 citing it needed money from those sources so it would “Have the resources and infrastructure in place to best support whoever emerges as our eventual nominee….In other words Hillary Needed and Wanted the Money.
The DNC In the month of August, only raised $3.8 million. In contrast, the RNC raised $7.6 million, almost exactly twice as much. The DNC has $4 million worth of debt, whereas the RNC has no debt. Worse yet, the RNC has $45.8 million in cash on hand, and the DNC has just $6.8 million.
Recently released numbers show the DNC raised around $4 million during the month of September, while the RNC raised about $10 million.
The data also showed that the RNC has roughly $44 million in cash on hand, while the DNC has roughly $7 million.
The RNC reports having no debt, while the DNC has $3.7 million in debt.
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