Dem Megadonors Coordinate to Retake Congress

A Democratic alliance of deep-pocketed donors formed earlier this year has poured $2.5 million into nearly a dozen competitive congressional races in an attempt to flip the House of Representatives, filings show.

The alliance, which was formed by former officials under Presidents Barack Obama and Bill Clinton, consists of major liberal financiers in the New York area. The group established the House Victory Project, a joint fundraising committee, as a vehicle to flood as many as two dozen Democratic campaigns with six-figures worth of cash leading up to the midterm elections, the New York Times reported in May.

The House Victory Project was reported to have $9 million in stated commitments from 80 individuals at the time of its formation. Each member pledged $108,000 in donations to the committee, allowing for $432,000 in total cash to be given to every Democratic campaign that they back, given that a maximum of $5,400 can be transferred to each committee for every individual donor.

The group’s first filings with the Federal Election Commission show that during the second quarter, which spans between April 1 and June 30, members of the alliance have pushed $5.2 of the $9 million of commitments into the committee. The committee then transferred $2.5 million to 10 candidates.

Read more at the Washington Free Beacon.