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Two billionaire Harris donors hope she will fire FTC Chair Lina Khan
(www.reuters.com)
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this post was submitted on 26 Jul 2024
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That's only like $3,300, right? What kind of influence does he expect with that?
There's maximum campaign donation?
For an individual person, yes. The loophole that the rich and wealthy use is to donate any monetary value above that 3k, to a PAC or super PAC.
I hear this word a lot, It's like a lobby?
A PAC is a political action committee. You can only donate $3300 to a politician but if you donate 33 million to a PAC that pac can advertise, organise and campaign on the politicians behalf. Effectively sidestepping political donation laws.