FAST FIVE: Biden 2020 Run Backed By $145 Million In 'Dark Money'
Priorities USA Chairman Guy Cecil deflected when asked about the funds, saying in a statement “We weren't going to unilaterally disarm against Trump and the right- wing forces that enabled him.” Another entity funneling dark money to benefit Biden was the Future Forward PAC, which spent $104 million backing Biden.
-Bloomberg According to former FEC general counsel Larry Noble, Biden benefited from a campaign finance law loophole – though Noble also noted that dark money is hardly the largest source of cash contributed to campaigns when wealthy donors can simply write eight-figure checks to super-PACs (which have heightened disclosure requirements).
Moreover, donors can give money to nonprofits which then give money to super-PACs, such as in the case of Priorities USA.
Big donors — individuals or corporations — who contributed anonymously will have the same access to decision makers as those whose names were disclosed, but without public awareness of who they are or what influence they might wield.
Not all Democrats are happy with the flood of dark money in the 2020 election cycle.