Mayday PAC Hits Ambitious Goal Meant To Get Money Out Of Politics
Lawrence Lessig's super PAC, aimed at getting money out of politics, has reached its goal.
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The “super PAC to end all super PACs” reached its fund-raising goal in just over two months, but now comes the hard part: winning elections.
The Mayday PAC, a project begun May 1 by the Harvard Law School professor Lawrence Lessig, seeks to elect a Congress that will achieve “fundamental reform in the way political campaigns are funded by 2016,” beginning with five pilot races in this year’s House elections. In a July 4 posting to supporters after announcing the PAC reached its goal, Mr. Lessig wrote, “You have guaranteed” change.
The PAC raised $1 million in its first month and reached another $5 million by Friday. A storm of donors posted on social media on the Fourth of July about getting “big money out of politics” and ending political corruption. The $6 million raised is to be matched by other donors, for a total of $12 million to spend on the midterms.
The Mayday PAC’s website says the $12 million will be spent in five House races to be announced on July 15. That amount isn’t insignificant: The reported outside spending so far this cycle in West Virginia’s Third District, one of the more competitive general election contests, is $2 million.
Mayday eventually plans to push for legislation that would replace the campaign finance system for federal candidates with incentives for candidates to raise small-dollar donations that would then be matched by public money (New York City has a similar system).