Monday, March 25, 2019

Warren shuts down her joint fundraising PAC, urges 2020 Democratic presidential candidates do the same

"I just mean that people should not be self-funding and they should not be funded from PACs from other billionaires. Get out there, trust your message."

Image Credit: Zero Hedge

Aiming to run a grassroots campaign ahead of a potential 2020 run for president, Elizabeth Warren announced she is shutting down her joint fundraising PAC. She believe its time for Democrats to end their dependence on corporate donors.

The announcement that Warren, a liberal from Massachusetts, will shut down the Elizabeth Warren Action Fund, came from her spokeswoman, Kristen Orthman.

“I just mean that people should not be self-funding and they should not be funded from PACs from other billionaires,” Warren said. “Get out there, trust your message.”

Joint funding allows candidates to “coordinate fundraising efforts with one another and other political action committees, allowing donors to contribute large amounts of money that the entities split,” Common Dreams reported.

The move to end her joint funding PAC, which Sen. Bernie Sanders (I-Vt.) of Vermont followed through with his pledge of not accepting donations from corporations in his 2016 run for president, is Warren’s way of saying no to the billionaires and yes to grassroots funding.

“I think this is a moment for all of the Democratic nominees to come into the race to say, ‘In a Democratic primary we are going to link arms and we’re going to say grassroots funding. No to the billionaires,”Warren said.

Spring Fundraising Drive

NationofChange is a nonprofit organization that provides an online magazine, daily newsletter, and activist platform – all free to the public.

It's hard, expensive work, and our daily operations are funded entirely by donations from readers like you.

If you value the work that we’re doing, please help us raise $20,000 by April 1st to continue operations.

Make a donation → Become a Sustaining Member →