Democrat 527s Out-raised Republican Ones
December 12, 2004
Newsmax reports that Democratic 527 Groups raised about twice as much money as Republican groups: $534 million to $266 million.
What’s noteworthy here is that Democrats are the main ones — McCain and a few other Republicans excepted — who complained about soft money and promoted the campaign finance reform bill to reduce its influence on the elections. But the bill’s passage did nothing to deter them from looking for (and finding) loopholes that would enable them to raise and spend soft money anyway, proving that winning to them is way more important than the principle of eliminating corruption they were championing. It is ironic that Republicans remained competitive with Democrats through small contributions from individuals rather than robust 527s, putting the lie to the age-old idea that Republicans are the party of the rich and the Democrats, the vehicle of the common man.