That's actually what I was thinking he would do: stay on the ticket, lose the election, and basically pocket most of the money. And to be clear, that's a very Biden strategy.
As I understand, because Biden isn't on the ticket, it's not actually Harris' campaign, and the money has to be refunded to the donors, who would then re-donate it back to whatever campaign they choose.
I believe that according to campaign financing laws, at least some of that money, based on how it was raised, can only be spent if Kamala's name remains on the ticket. Whoever does end up being nominated may have to keep her as VP.
As I understand, because Biden isn't on the ticket, it's not actually her campaign, and the money has to be refunded to the donors, who would then re-donate it back to whatever campaign they choose.
I don't think Kamala can actually keep that money. They are probably wrong about that.
They probably can't, but who's going to stop, them?
yeah...
It's certainly an odd situation. What else can happen to the funds? 100% to the big guy?
That's actually what I was thinking he would do: stay on the ticket, lose the election, and basically pocket most of the money. And to be clear, that's a very Biden strategy.
As I understand, because Biden isn't on the ticket, it's not actually Harris' campaign, and the money has to be refunded to the donors, who would then re-donate it back to whatever campaign they choose.
I believe that according to campaign financing laws, at least some of that money, based on how it was raised, can only be spent if Kamala's name remains on the ticket. Whoever does end up being nominated may have to keep her as VP.
That may be the case.
Then again, I think the Dems are prepared to break the law, not just their own procedures, to keep that money.
They would without a second thought if they were confident of winning. But a Trump DOJ might actually do something about it.
As I understand, because Biden isn't on the ticket, it's not actually her campaign, and the money has to be refunded to the donors, who would then re-donate it back to whatever campaign they choose.
The source is saying that Biden will not step down fully from the presidency, just not run for re-election. In fairness, that is kinda my screw up.