135:
up as for-profit companies that can only represent one corporation, whereas trade associations can take money from multiple companies, their employees, and stockholders. Through this loophole, many politicians can legally claim their campaigns do not take money from corporate PACs but take money from trade associations that still represent the interest of certain corporations.
134:
In addition, candidates can legally claim to not take corporate PAC money and still take money from trade associations that are funded by stockholders or administrative personnel of corporations. Corporate PACS are also funded by stockholders or administrative personnel of a corporation and are set
120:(D-VA) was criticized for backing out of the pledge after achieving office. Around six House Democrats that took the pledge used a shell PAC to obfuscate that they were receiving corporate PAC money. Some of the signers of the pledge accepted funding from the
130:
points out that many non-incumbent candidates are unable to attract corporate donations, so making the pledge is mostly symbolic. Another loophole is that the pledge does not require denying donations from corporate executives.
93:
During the 2020 elections, around 155 candidates agreed not to take corporate PAC money. As of
December 2020, the pledge had been taken by 52 sitting members of the U.S. House of Representatives.
298:
176:
144:
30:
49:
56:
78:
organized a "no corporate PAC money" pledge. Around 185 Democratic candidates agreed not to take corporate PAC money, including
308:
121:
26:
241:
37:
79:
206:
41:
268:"These House Democrats Pledged Not to Take Corporate Cash — but They're Using a Loophole to Do It Anyway"
55:
The trend of pledging not to take corporate PAC money has been increasing. In 2018, three-quarters of
267:
101:
75:
71:
rejected corporate PAC money in 2008. However, it was not a common thing to do until around 2018.
45:
105:
303:
292:
87:
108:
is another PAC that supports candidates who pledge not to take corporate PAC money.
126:
117:
68:
83:
34:
211:
90:. In 2018, there were two Republicans that also took the pledge.
124:
Coalition PAC, which itself receives funding from corporations.
177:"Why So Many Democratic Candidates Are Dissing Corporate PACs"
116:
Some congresspeople circumvent the pledge. Congresswoman
59:
challengers in "top races" rejected corporate PAC money.
104:
is the PAC that originally organized the pledge. The
48:, "not taking corporate money is a core part of the
40:. The rejection of corporate PAC money can increase
242:"Cracks Emerge in No Corporate PAC Money Movement"
44:for a candidate. According to political activist
207:"How the 'No Corporate PAC' Pledge Caught Fire"
8:
145:Campaign finance reform in the United States
156:
7:
299:United States politics-related lists
236:
234:
232:
230:
201:
199:
197:
170:
168:
166:
164:
162:
160:
175:Godfrey, Elaine (August 23, 2018).
14:
27:politicians in the United States
1:
266:Fang, Lee (April 13, 2019).
74:During the 2018 elections,
38:political action committees
325:
25:is a pledge taken by some
16:American political pledge
80:Alexandria Ocasio-Cortez
23:no corporate PAC pledge
309:Pledge of Allegiance
102:End Citizens United
76:End Citizens United
31:political donations
215:. November 6, 2018
46:Saikat Chakrabarti
42:grassroots support
106:Justice Democrats
67:Former president
316:
283:
282:
280:
278:
263:
257:
256:
254:
252:
238:
225:
224:
222:
220:
203:
192:
191:
189:
187:
172:
57:Democratic Party
324:
323:
319:
318:
317:
315:
314:
313:
289:
288:
287:
286:
276:
274:
265:
264:
260:
250:
248:
240:
239:
228:
218:
216:
205:
204:
195:
185:
183:
174:
173:
158:
153:
141:
114:
99:
65:
17:
12:
11:
5:
322:
320:
312:
311:
306:
301:
291:
290:
285:
284:
258:
226:
193:
155:
154:
152:
149:
148:
147:
140:
137:
113:
110:
98:
95:
64:
61:
29:to not accept
15:
13:
10:
9:
6:
4:
3:
2:
321:
310:
307:
305:
302:
300:
297:
296:
294:
273:
272:The Intercept
269:
262:
259:
247:
243:
237:
235:
233:
231:
227:
214:
213:
208:
202:
200:
198:
194:
182:
178:
171:
169:
167:
165:
163:
161:
157:
150:
146:
143:
142:
138:
136:
132:
129:
128:
123:
119:
112:Circumvention
111:
109:
107:
103:
96:
94:
91:
89:
88:Kamala Harris
85:
81:
77:
72:
70:
62:
60:
58:
53:
51:
47:
43:
39:
36:
32:
28:
24:
19:
275:. Retrieved
271:
261:
249:. Retrieved
245:
217:. Retrieved
210:
184:. Retrieved
181:The Atlantic
180:
133:
127:The Atlantic
125:
122:New Democrat
118:Elaine Luria
115:
100:
92:
73:
69:Barack Obama
66:
54:
22:
20:
18:
251:February 5,
219:February 5,
186:February 5,
84:Cory Booker
50:progressive
293:Categories
151:References
52:message".
277:March 23,
212:Roll Call
63:Elections
35:corporate
139:See also
246:Sludge
86:, and
304:Oaths
33:from
279:2022
253:2021
221:2021
188:2021
97:PACs
21:The
295::
270:.
244:.
229:^
209:.
196:^
179:.
159:^
82:,
281:.
255:.
223:.
190:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.