All posts tagged "Presidential Election Campaign Fund"

Congress quietly drained hundreds of millions of dollars from a largely unused presidential campaign fund to provide a jolt of cash to the United States Secret Service and election security grants, Raw Story has confirmed.

The massive raid of the Presidential Election Campaign Fund was included late last week in Congress’ latest government funding package, which President Joe Biden signed into law.

Raw Story could not confirm which member, or members, of Congress are responsible for inserting language in the middle of the 1,012-page bill that tapped the fund to the tune of $375 million....

A largely unused government fund intended to pay for presidential elections continues to grow with monthly taxpayer infusions — adding $327,000 last month, according to a Raw Story analysis of U.S. Treasury records.

The Presidential Election Campaign Fund has accumulated $400.9 million in taxpayer-funded money as of Nov. 30 — funds that will likely continue to sit in a bureaucratic black hole for years, Treasury records show. The fund ballooned to more than $445.6 million as of June 30, but a nearly $47.5 million disbursement for pediatric research at the National Institutes of Health of money formerly used to put on party conventions decreased the pool of idle dollars.

A once-popular resource for White House aspirants, the Presidential Election Campaign Fund hasn’t been used regularly in 15 years — but taxpayers continue checking a $3 check box that they encounter when filing their annual tax returns by the April deadline....

An unused government fund intended to pay for presidential elections grew by nearly $8.3 million in April — and the taxpayer-funded money will now sit untouched in a bureaucratic black hole for what could be years or even decades, according to a Raw Story analysis of U.S. Treasury records.

The Presidential Election Campaign Fund has now ballooned to $442.7 million as of April 30, Treasury records show.

A once-popular resource for White House aspirants, the fund hasn’t been used regularly in 15 years — but taxpayers continue checking a $3 check box that they encounter when filing their annual tax returns by the April deadline. Even though less than 4 percent of taxpayers checked the box in recent years, the fund continues to grow by tens of millions of dollars annually....