Michael Toner Discusses Latest Fundraising Trends
Michael E. Toner, co-chair of Wiley Rein’s Election Law & Government Ethics Practice, was quoted in an October 10 Financial Times article that discussed recent fundraising efforts by President Barack Obama to assist Democratic candidates as well as the latest trends in fundraising at the federal level.
With the rise of super political action committees (Super PACs) that can make unlimited independent expenditures for or against federal candidates, congressional candidates across the country face pressure to raise ever larger amounts of campaign money, according to the article.
“Candidates increasingly have to focus on the fact that they have the potential to be outspent by (the Super PACs),” observed Mr. Toner, a former chairman of the Federal Election Commission (FEC).
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