The 2020 Democratic presidential candidates are forgoing corporate money in an effort to capture small donors — a growing trend of demonstrating support from all kinds of Americans, not just those who can write big checks.
"It’s the importance of showing that there is strength in numbers for candidates,” said Democratic strategist Stefanie Brown James. “It’s not just that you have a handful of wealthy donors who are putting forth candidates that they support."
While most Democrats running for president have sworn off accepting donations from corporate PACs, not all have ruled out taking PAC money entirely. However, first-quarter fundraising reports from the Federal Election Commission showed no candidates raking in exceptionally large sums from non-corporate PACs.
Sen. Kirsten Gillibrand, D-N.Y., has rejected donations from corporate PACs and federal lobbyists. She also released the “Clean Elections” plan, a proposal that calls for federal candidates to decline donations of more than $200 in order to tap into public campaign funds dubbed “democracy dollars.” She isn’t the only candidate who has taken a definitive stance on the issue. Sen. Elizabeth Warren, D-Mass., took a pledge to skip big fundraisers with wealthy donors altogether.
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