If so, you can have one hell of a seat at the 2016 Democratic National Convention next year in Philly.
The one and a quarter million dollar mark is what you’ll have to raise in order to reach the “Rittenhouse Square” level.
According to Matea Gold and Tom Hamburger of the Washington Post, those that reach “Rittenhouse Square” will receive “VIP credentials, a premier hotel room and tickets to an array of private parties.”
There is an easier way to reach this level, though, with a simple donation of $467,700.
This type of fundraising is emblematic of the skyrocketing donation levels for the 2016 presidential election. For instance, it is now possible for a couple to give $1.34 million to the candidate and party of their choice (and that is without considering Super PACs).
The new rules are the result of the Supreme Court’s 2014 decision McCutcheon v. Federal Election Commission, which struck down aggregate contribution limits.
Both the DNC and the RNC can also raise more money by directing funds to various separate accounts.
Gold and Hamburger point out that this new law was slipped into a December 2014 spending bill.
“The provision was crafted behind the scenes by leaders of both parties with the help of leading campaign finance attorneys, including Marc Elias, now serving as general counsel of [Hillary] Clinton’s campaign,” they write.
And you thought the Democrats hated mega donors corrupting politics. I guess they don’t “behind the scenes”.