Cato Daily Podcast

"Dark Money" and Election Outcomes

Jan 14, 2025
Luke Wachob from People United for Privacy, an advocate for donor privacy and free speech, dives into the contentious world of 'dark money' in elections. He discusses how upcoming reforms may hinge on politicians' perceptions of threats posed by undisclosed funding. The conversation highlights the complex dynamics between financial backing for candidates like Kamala Harris and Donald Trump. Wachob also addresses the delicate balance between political donor disclosure and free speech, revealing the potential consequences of privacy intrusions on dissenting voices.
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INSIGHT

Dark Money Definition

  • "Dark money" is a pejorative term used to describe spending by groups not required to disclose donors.
  • It's often applied to any group influencing government or public opinion, regardless of donor disclosure.
INSIGHT

Congressional Disapproval of Private Spending

  • Some members of Congress disapprove of private individuals pooling money to influence public opinion.
  • Politicians often dislike groups speaking to voters about their records and policy agendas.
ANECDOTE

2024 Election Spending

  • In the 2024 election, the losing party (Trump) and its advocates were outspent by the winning party (Harris).
  • "Dark money" spending is now predominantly on the left, challenging previous assumptions.
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