At least a dozen potential candidates for president have nonprofit groups that can raise undisclosed money aligned with them
Former Secretary of State Mike Pompeo, speaks at the CPAC on Friday, Feb. 25, 2022, in Orlando, Fla. | John Raoux/AP PhotoWhen Mike Pompeo announced his political action committee last June, he set off a wave of news stories heralding the move as a potential step toward a 2024 presidential campaign. But the former secretary of State kept his next big launch behind the scenes.
What they all have in common is the ability to pay staffers, fund polling and policy research, run ads and accept money from megadonors without divulging those funders’ names — or much information about any spending until many months after the fact. It’s the latest escalation in a fundraising arms race that has seen personal benefactors, super PACs and now secret money become common building blocks of presidential campaigns.
“Anybody thinking seriously about running for president in 2024 needs to have a large, sophisticated soft-dollar operation up and running by no later than this year’s general election,” said Luke Thompson, a Republican strategist who runs Protect Ohio Values, the super PAC backing J.D. Vance in Ohio’s Senate race.
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