Super PAC

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Hudson and Rothfus: Young Guns or Super PAC Lapdogs?

As reported in Monday’s Politico Influence, the conservative super PAC YG (Young Guns) Action Fund is planning a reception on Thursday to honor some of the new Republicans joining the House next year. Among the attendees expected to attend? Two representatives-elect that YG Action Fund spent millions on to get into office: Richard Hudson (R-N.C.) and Keith Rothfus (R-Pa.).

Obama v. GOP-backed Super PACs

The first shots have already been fired, but the 2012 super PAC war between Mitt Romney-supportive super PACs and President Obama is only getting started. Politico reports today on how President Obama plans to fight back against the expected huge spending by Republican super PACs, by outing those big money special interests and billionaires who are behind the negative ad's.

Bankers: "Woe is me"

Try not to laugh, but citing a lack of influence in Congress, bankers have formed a new super PAC: Friends of Traditional Banking.

From the story in the American Banker: "Congress isn't afraid of bankers," adds Roger Beverage, the president and CEO of the Oklahoma Bankers Association. "They don't think we'll do anything to kick them out of office. We are trying to change that perception."

Sen. Brown Makes Good on Outside Money Pledge

Back in January, in an effort to mitigate the influence of outside spending in their Massachusetts senate race, Sen. Scott Brown (R-Mass.) and his opponent, Elizabeth Warren, made a deal. The agreement assesses a penalty on the candidate who benefits from outside advertising, equal to 50 percent of the advertising expenditure. The penalty is paid to the charity of the opposing candidate’s choice. In keeping with the pledge, Sen.

The Chronicles of Money, Politics, "Insufficient Influence," Freshman Fundraising in Paradise, and the Plunger of Justice

Here's a recap of Public Campaign and Public Campaign Action Fund's (PCAF) work from March 12 through March 23, 2012.

The Chronicles of Money, Politics, and Election 2012: The Year of the Billionaire?

Here's a recap of Public Campaign and Public Campaign Action Fund's (PCAF) work from January 20 through March 9, 2012.

Romney super PAC donor once fined for laundering campaign contributions

Eighty-four percent of donors to the Romney-aligned Restore Our Future super PAC have also given the maximum amount allowable to Romney’s campaign committee, essentially evading contribution limits to candidates.

PRESS RELEASE: Obama Must Provide Muscular Plan to Save Our Ailing Democracy

In a press release this morning, Public Campaign Action Fund argued that President Obama’s decision to green-light super PAC money in support of his re-election means that talk is no longer enough and he must provide—and execute—a muscular plan to save our ailing democracy.

PRESS RELEASE: Watchdog Applauds Warren-Brown Outside Money Agreement

In a press release this morning, Public Campaign Action Fund praised the agreement reached by Massachusetts U.S. Senate candidates Elizabeth Warren and Scott Brown, and urged that the agreement become a model for other races around the country.

Marriott or Hyatt: Wealthy Hotel Chains and Their Favored Presidential Candidates

Republican presidential candidate Mitt Romney has come under scrutiny for his service on the board of Marriott International during a time when the company paid millions to settle charges of taking kickbacks and cheating clients. Given the close relationship Romney has to the Marriott family (Romney’s father was a close friend of the hotel chain’s founder J.