jeffw@lemmy.world to politics @lemmy.world · 4 months agoAfter Biden drops out, Trump lashes outwww.motherjones.comexternal-linkmessage-square84fedilinkarrow-up197arrow-down12
arrow-up195arrow-down1external-linkAfter Biden drops out, Trump lashes outwww.motherjones.comjeffw@lemmy.world to politics @lemmy.world · 4 months agomessage-square84fedilink
minus-squaredisguy_ovahea@lemmy.worldlinkfedilinkarrow-up1·4 months agoThat’s incorrect. Only a few thousand is transferable to a candidate not on the existing ticket. The rest would need to be refunded to donors. https://www.reuters.com/world/us/91-million-question-what-happens-bidens-campaign-money-2024-07-18/
minus-squarebostonbananarama@lemmy.worldlinkfedilinkarrow-up4·4 months agoLiterally from the article you linked. But under a more likely scenario, Biden would take advantage of rules that allow unlimited transfers to the candidate’s political party. In that case, Biden’s Democratic Party could spend the money supporting the party’s new candidate. He can also transfer to a Super PAC.
That’s incorrect. Only a few thousand is transferable to a candidate not on the existing ticket. The rest would need to be refunded to donors.
https://www.reuters.com/world/us/91-million-question-what-happens-bidens-campaign-money-2024-07-18/
Literally from the article you linked.
He can also transfer to a Super PAC.