Ha ha!
No lookie, no hurtie.
No lookie, no hurtie.
Will Joe Go THIS WEEKEND?
- Thread starter wiredgeorge
- Start date
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Okay about that. It's not "Biden's"
Heard last night that it's only his after he's the official nominee, not just the presumptive.
If that's right... if he's booted before their convention then the war chest will go to whoever the official nominee becomes. If he resigns as nominee after he's officially so - then the money goes to Harris.
No wonder they're pushing so hard now.
Sad. Very fun to watch. FJB
Vice President Kamala Harris has been one of President Joe Biden’s staunchest defenders following his shaky performance in the recent presidential debate, but she’s also emerged as a potential option to lead the party herself if Biden opted not to continue his campaign.
One big question is what would happen to the current campaign’s $91 million cash on hand, according to its most recent filings. (Combined with allied Democratic organizations, the reelection effort has access to $240 million cash on hand, the campaign said last week.)
COULD HARRIS TAKE OVER THE CAMPAIGN CASH?
Yes, although there are some caveats.
Since their campaign account was registered with the Federal Election Commission in the name of both candidates, Harris could use those funds for her own presidential effort if Biden were to drop out, according to Kenneth Gross, senior political law counsel at Akin Gump and former associate general counsel for the Federal Election Commission.
CAN DONORS GET REFUNDS?
Only if the campaign said yes.
Legal scholars agree that if donors were to ask for their money back after a candidate switch, the campaign would need to agree to that transfer. That means donors don’t have an automatic right to get refunded.
“Once a donor makes a contribution, he or she relinquishes the rights to those funds,” Gross said.
Displeased donors thinking about suing likely wouldn’t succeed, according to Bradley A. Smith, professor at Capital University Law School in Ohio.
“When you give money to a campaign committee, it is pretty much theirs to do with what they please, within the boundaries of the law,” he said.
WHAT IF NEITHER BIDEN NOR HARRIS IS THE NOMINEE?
According to Gross, their campaign would have to give all the money back — sort of.
Any donations designated for the primary, which Biden won, would stay with the campaign, Gross said, something that technically could apply to any money taken in by Biden-Harris up until the Democratic National Convention in August.
“All contributions made prior to the August convention are deemed to be for the primary unless the donor designates in writing that the contribution is for general election,” Gross said.
According to Smith, if Biden left the race and Harris didn’t replace him as nominee, their former campaign could only transfer $2,000 of the money that had been collected to a new candidate.
Could the campaign account be converted to a PAC?
Maybe, but it might not be worthwhile.
According to Gross, if both Biden and Harris either drop out of the contest or don’t become their party’s nominee, they could opt to designate the campaign funds for a super PAC or the party itself.
But if those transfers did happen, Smith said, “the vast bulk of it would have to be in independent expenditures, which tend to be less effective.” Plus, he added, guaranteed broadcast advertising rates are higher for parties than for candidates, “so that has a cost, too.”
www.miamitimesonline.com
One big question is what would happen to the current campaign’s $91 million cash on hand, according to its most recent filings. (Combined with allied Democratic organizations, the reelection effort has access to $240 million cash on hand, the campaign said last week.)
COULD HARRIS TAKE OVER THE CAMPAIGN CASH?
Yes, although there are some caveats.
Since their campaign account was registered with the Federal Election Commission in the name of both candidates, Harris could use those funds for her own presidential effort if Biden were to drop out, according to Kenneth Gross, senior political law counsel at Akin Gump and former associate general counsel for the Federal Election Commission.
CAN DONORS GET REFUNDS?
Only if the campaign said yes.
Legal scholars agree that if donors were to ask for their money back after a candidate switch, the campaign would need to agree to that transfer. That means donors don’t have an automatic right to get refunded.
“Once a donor makes a contribution, he or she relinquishes the rights to those funds,” Gross said.
Displeased donors thinking about suing likely wouldn’t succeed, according to Bradley A. Smith, professor at Capital University Law School in Ohio.
“When you give money to a campaign committee, it is pretty much theirs to do with what they please, within the boundaries of the law,” he said.
WHAT IF NEITHER BIDEN NOR HARRIS IS THE NOMINEE?
According to Gross, their campaign would have to give all the money back — sort of.
Any donations designated for the primary, which Biden won, would stay with the campaign, Gross said, something that technically could apply to any money taken in by Biden-Harris up until the Democratic National Convention in August.
“All contributions made prior to the August convention are deemed to be for the primary unless the donor designates in writing that the contribution is for general election,” Gross said.
According to Smith, if Biden left the race and Harris didn’t replace him as nominee, their former campaign could only transfer $2,000 of the money that had been collected to a new candidate.
Could the campaign account be converted to a PAC?
Maybe, but it might not be worthwhile.
According to Gross, if both Biden and Harris either drop out of the contest or don’t become their party’s nominee, they could opt to designate the campaign funds for a super PAC or the party itself.
But if those transfers did happen, Smith said, “the vast bulk of it would have to be in independent expenditures, which tend to be less effective.” Plus, he added, guaranteed broadcast advertising rates are higher for parties than for candidates, “so that has a cost, too.”
What experts say about the Biden-Harris war chest
Vice President Kamala Harris has been one of President Joe Biden’s staunchest defenders following his shaky performance in the recent presidential debate, but she’s also emerged as a potential option
Thanks for the details on that. Two questions -Vice President Kamala Harris has been one of President Joe Biden’s staunchest defenders following his shaky performance in the recent presidential debate, but she’s also emerged as a potential option to lead the party herself if Biden opted not to continue his campaign.
One big question is what would happen to the current campaign’s $91 million cash on hand, according to its most recent filings. (Combined with allied Democratic organizations, the reelection effort has access to $240 million cash on hand, the campaign said last week.)
COULD HARRIS TAKE OVER THE CAMPAIGN CASH?
Yes, although there are some caveats.
Since their campaign account was registered with the Federal Election Commission in the name of both candidates, Harris could use those funds for her own presidential effort if Biden were to drop out, according to Kenneth Gross, senior political law counsel at Akin Gump and former associate general counsel for the Federal Election Commission.
CAN DONORS GET REFUNDS?
Only if the campaign said yes.
Legal scholars agree that if donors were to ask for their money back after a candidate switch, the campaign would need to agree to that transfer. That means donors don’t have an automatic right to get refunded.
“Once a donor makes a contribution, he or she relinquishes the rights to those funds,” Gross said.
Displeased donors thinking about suing likely wouldn’t succeed, according to Bradley A. Smith, professor at Capital University Law School in Ohio.
“When you give money to a campaign committee, it is pretty much theirs to do with what they please, within the boundaries of the law,” he said.
WHAT IF NEITHER BIDEN NOR HARRIS IS THE NOMINEE?
According to Gross, their campaign would have to give all the money back — sort of.
Any donations designated for the primary, which Biden won, would stay with the campaign, Gross said, something that technically could apply to any money taken in by Biden-Harris up until the Democratic National Convention in August.
“All contributions made prior to the August convention are deemed to be for the primary unless the donor designates in writing that the contribution is for general election,” Gross said.
According to Smith, if Biden left the race and Harris didn’t replace him as nominee, their former campaign could only transfer $2,000 of the money that had been collected to a new candidate.
Could the campaign account be converted to a PAC?
Maybe, but it might not be worthwhile.
According to Gross, if both Biden and Harris either drop out of the contest or don’t become their party’s nominee, they could opt to designate the campaign funds for a super PAC or the party itself.
But if those transfers did happen, Smith said, “the vast bulk of it would have to be in independent expenditures, which tend to be less effective.” Plus, he added, guaranteed broadcast advertising rates are higher for parties than for candidates, “so that has a cost, too.”
What experts say about the Biden-Harris war chest
Vice President Kamala Harris has been one of President Joe Biden’s staunchest defenders following his shaky performance in the recent presidential debate, but she’s also emerged as a potential option
Does any of it negate any of my post #102? Not challenging, I just can't tell.
Are the things you shared covered by laws or by rules? Not that they'd keep to either.
Thanks!
They can and will do what they want, but at the risk of alienating groups that donated money. Many large donors expect a "return" on their "investment", quid pro quo style in the form of .gov contracts, etc.
seeker_two
My posts don't count....
See below....
Vice President Kamala Harris has been one of President Joe Biden’s staunchest defenders following his shaky performance in the recent presidential debate, but she’s also emerged as a potential option to lead the party herself if Biden opted not to continue his campaign.
One big question is what would happen to the current campaign’s $91 million cash on hand, according to its most recent filings. (Combined with allied Democratic organizations, the reelection effort has access to $240 million cash on hand, the campaign said last week.)
COULD HARRIS TAKE OVER THE CAMPAIGN CASH?
Yes, although there are some caveats.
Since their campaign account was registered with the Federal Election Commission in the name of both candidates, Harris could use those funds for her own presidential effort if Biden were to drop out, according to Kenneth Gross, senior political law counsel at Akin Gump and former associate general counsel for the Federal Election Commission.
CAN DONORS GET REFUNDS?
Only if the campaign said yes.
Legal scholars agree that if donors were to ask for their money back after a candidate switch, the campaign would need to agree to that transfer. That means donors don’t have an automatic right to get refunded.
“Once a donor makes a contribution, he or she relinquishes the rights to those funds,” Gross said.
Displeased donors thinking about suing likely wouldn’t succeed, according to Bradley A. Smith, professor at Capital University Law School in Ohio.
“When you give money to a campaign committee, it is pretty much theirs to do with what they please, within the boundaries of the law,” he said.
WHAT IF NEITHER BIDEN NOR HARRIS IS THE NOMINEE?
According to Gross, their campaign would have to give all the money back — sort of.
Any donations designated for the primary, which Biden won, would stay with the campaign, Gross said, something that technically could apply to any money taken in by Biden-Harris up until the Democratic National Convention in August.
“All contributions made prior to the August convention are deemed to be for the primary unless the donor designates in writing that the contribution is for general election,” Gross said.
According to Smith, if Biden left the race and Harris didn’t replace him as nominee, their former campaign could only transfer $2,000 of the money that had been collected to a new candidate.
Could the campaign account be converted to a PAC?
Maybe, but it might not be worthwhile.
According to Gross, if both Biden and Harris either drop out of the contest or don’t become their party’s nominee, they could opt to designate the campaign funds for a super PAC or the party itself.
But if those transfers did happen, Smith said, “the vast bulk of it would have to be in independent expenditures, which tend to be less effective.” Plus, he added, guaranteed broadcast advertising rates are higher for parties than for candidates, “so that has a cost, too.”
What experts say about the Biden-Harris war chest
Vice President Kamala Harris has been one of President Joe Biden’s staunchest defenders following his shaky performance in the recent presidential debate, but she’s also emerged as a potential option
Big Dipper
TGT Addict
as Dem candidate
www.foxnews.com
Biden ends bid for second term in White House as he drops out of his 2024 rematch with Trump
President Biden, following a disastrous debate performance, announces he's dropping out of the 2024 race, ending his bid against Donald Trump for a second term in the White House
Biden drops out of the 2024 presidential race, leaving the Democratic nomination open
Biden is the first sitting president to drop out of running for reelection since Lyndon B. Johnson in 1968 — leaving the race against Donald Trump in turmoil.
www.cbsnews.com
I can see him saying "let me read this" and the response was "just sign it!"
Same. I was so sure. But I read an outlandish article last week stating a rumor that Jill was seeking $100 million, $2 billion for his library, and immunity for Joe and Hunter. Maybe not so outlandish.
Texas_Lone_Ranger
Civilian Defense
Even with him stepping aside, imo it will be hard for the left to regain the trust they have now lost with their majority.
Demplosion inbound*
Demplosion inbound*
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General Zod
TGT Addict
Wow. I'm amazed they went through with it. Now if Trump's media people are smart, the fact that the dems lied to the public about Biden's mental decline and competence for the office should be a major point in his campaign ads. That along with the assassination attempt.
JD Vance Demands Joe Biden Resign from Office: 'If You Can't Run, You Can't Serve'
Republican vice presidential nominee Sen. JD Vance (OH) demanded President Joe Biden "resign" from office in a Saturday X post.
www.breitbart.com
