President Joe Biden received approximately $ 145 million in donations from anonymous donors and outside groups during the 2020 presidential cycle.
That sum dwarfed the $ 28.4 million in "dark money" donated to Donald Trump, breaking the 2012 record for anonymous donors held by Mitt Romney.
Democrats and leftists have often resisted such contributions in politics.
The Campaign Legal Center has called dark money "a serious threat to our democracy". Another non-partisan group trying to reduce the influence of money in politics says Issue One: "It's the most toxic force in politics."
Bloomberg: Biden sets new record for donations for dark money – https://t.co/3cCanPA66l #OANN pic.twitter.com/Uw9x4Luxfe
– One America News (@OANN) January 26, 2021
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Democrats have long spoken out against dark money
Democrats have often been the loudest voices when it comes to deciphering big money – and anonymous money in particular – in politics. The biggest argument is how corrupt can be large amounts of money with unknown names behind them.
According to Bloomberg, the Priorities USA Action Fund, one of the most prominent Democratic super-PACs, backed candidate Joe Biden by raising $ 26 million in funding originally intended for the PAC's nonprofit arm, Priorities USA were.
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In this case the names of the donors do not need to be disclosed.
And while Democrats in the past have put in place laws to rule with dark money, it hasn't stopped them from accepting anonymous donations to defeat Donald Trump.
This is an excellent piece to which I just want to add accountability for the political forces who have covertly tied the government in knots against the will of the public. Dark money has too much control and has to go. https://t.co/ilJAerBknq
– Sheldon Whitehouse (@SenWhitehouse) January 24, 2021
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Break the money path
Under current FEC laws, a campaign cannot accept more than $ 2,800 from individual donors. The Biden campaign raised $ 1.5 billion, a new record. Of that total, only $ 318.6 million came from donors who donated less than $ 200 each.
In total, the Democrats received $ 326 million in dark cash throughout the 2020 election cycle. This nearly doubles the $ 148 million donated to Republicans.
Democrats mock "dark" money, but new analysis shows it helped empower Joe Bidenhttps: //t.co/LuMO63ByuU pic.twitter.com/dOKJmohyIc
– Comfortably complacent (@ComfortablySmug) January 26, 2021
But it's not just dark money that Biden endorses. Wall Street did too.
According to CNBC, Biden surpassed Trump with 5-1 donations from the financial industry back in October.
With the Democrats now in control of all three branches of the federal government, with a little irony, Wall Street could be on board while the Democrats control all three branches of the federal government.
For some investors, this is their best chance to pour a large amount of federal money into a still-hit economy.
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Democrats push for "For the People" law
Still, it's not just roses for the Democrats. The party's left wing is still intent on rooting out dark money.
With Joe Biden in the White House, the House Democrats are reviving the For The People Act, the part of which focuses on restricting dark money.
If we want to provide health care, housing and the climate, we must first ensure that our democracy works. We must end gerrymandering, voter suppression and dark money that have rigged our system. Because of this, the For the People Act will be the first item on @SenateDems' agenda.
– Senator Jeff Merkley (@SenJeffMerkley) January 19, 2021
The bill was first introduced two years ago.
The right-wing extremist "Squad" member Alexandria Ocasio-Cortez has spoken out in favor of dark money.
In 2019, she took to Twitter to complain about raising dark money for President Trump and has launched her own PAC.
It remains to be seen whether she will decipher the far greater amount of dark money that benefited her party and her presidential candidate.
“Removing Trump does not remove the infrastructure of an entire party that embraced him. the dark money that financed him, the online radicalization that drummed his army, nor the racism that he intensified and revived. “@AOC pic.twitter.com/CrHCnTdVAG
– TexasPoonTappa (@ThatVatoAlex) January 20, 2021