Clinton committee raised $33 million in first quarter

[Jefferson23]

Joint committee helps state parties, but spends most of its cash boosting Clinton.

By Kenneth P. Vogel

04/16/16 12:14 AM EDT

Hillary Clinton in the first three months of the year raised $33 million into a joint account her campaign formed with Democratic Party committees, according to a report filed Friday night with the Federal Election Commission.

The report shows that the joint account, called the Hillary Victory Fund, spent heavily trying to develop a small donor base for Clinton’s presidential campaign, but also took advantage of its unique structure to raise nearly $5 million from just 14 mega-rich donors, including entertainment titans Barry Diller, James Cameron and Haim Saban.

The fund comprises Clinton’s presidential campaign committee, as well as the Democratic National Committee and 32 state party committees. As a result, it can accept checks as large as $358,000 per person — a total determined by the maximum donation to each of its component committees ($5,400 to the Clinton campaign, $33,400 to the DNC and $10,000 to each of the state parties).

The idea is that the committee will help the state parties raise money for their general election efforts, an area where Clinton’s allies argue that her insurgent rival for the Democratic presidential nomination Bernie Sanders has done little. Sanders has a joint fundraising committee, as well, but it has been relatively inactive.

Yet, during the first three months of the year, the $2 million transferred by the Hillary Victory Fund to various state party committees paled in comparison to the $9.5 million it transferred to Clinton’s campaign committee or the $3.5 million it transferred to the DNC.
Read more: http://www.politico.com/story/2016/04/hillary-clinton-committee-raised-33-million-222044#ixzz46Dd5lzR1

snip*Brad Deutsch, the lawyer for the Sanders campaign, wrote an open letter to DNC chairwoman Debbie Wasserman Schultz arguing that the Clinton campaign's Hillary Victory Fund, the joint account between the campaign and various Democratic Party committees, "skirts legal limits on federal campaign donations." The fund is made up of the Clinton campaign, 32 state Democratic committees, and the DNC.

https://berniesanders.com/wp-content/uploads/2016/04/Bernie-2016-Letter-to-DNC-1.pdf

http://www.politico.com/blogs/2016-dem-primary-live-updates-and-results/2016/04/sanders-clinton-dnc-campaign-finance-laws-222102

[KoKo]

1. K&R!

[cprise]

2. YEP, this is Big $$$$$ in politics!

This kind of politician will, at best, push a constitutional amendment full of doublespeak and loopholes. She will probably make the term "Welfare Reform" look perfectly honest in comparison.