sgtreport
from The National Pulse:
An analysis of tax filings shows left-leaning groups significantly benefiting from the Sixteen Thirty Fund, a Washington, D.C.-based dark money entity. The fund distributed over $18 million in 2023 to organizations aiming to sway elections in critical states.
Operating as local advocacy groups, recipients of these funds reportedly focused on election influence campaigns, digital messaging, and voter mobilization efforts. Key states receiving substantial investment included Alaska, Arizona, and Wisconsin, all of which hosted crucial elections on November 5. These elections involved both presidential pathways and congressional races pivotal to legislative control. Arizona was the primary target, receiving nearly $4 million. Advancing Arizona, a political group self-identified as a grassroots coalition, used this funding to oppose Republican policies and candidates.
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The fund also directed attention towards New York, anticipating its potential impact on House control. Empire State Voices garnered about $3.5 million, which was utilized for aggressive ad campaigns against GOP Representatives Marc Molinaro and Anthony D’Esposito.
In Virginia, the Sixteen Thirty Fund, alongside other liberal financiers, contributed around $1.4 million to sustain Democratic power.
Despite reduced fundraising and spending compared to previous years, the Sixteen Thirty Fund’s role in financing Democratic-aligned super PACs and organizations remains significant. Controversy surrounds the fund’s backing, being linked to contributions from Swiss billionaire Hansjorg Wyss, raising concerns over compliance with federal laws on foreign donations.
“Federal law prohibits foreign nationals from contributing to PACs in the United States, [but] the Sixteen Thirty Fund contributes millions every year to Democrats-aligned PACs,” commented Capital Research Center analyst Parker Thayer.
Read More @ TheNationalPulse.com
Originally Posted at https://www.sgtreport.com
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