Former Vice President Mike Pence’s marketing campaign committee was accredited for a $100,000 fee from the U.S. Treasury.
The Federal Election Committee dominated that former Vice President Mike Pence is eligible to obtain matching taxpayer funds to pay his money owed associated to his ill-fated run for the White Home.
On Could 16, throughout an FEC open assembly, the fee requested that Mr. Pence and his principal marketing campaign committee, Mike Pence For President, obtain an preliminary fee of $100,000 from the USA Treasury. Mr. Pence, who served beneath President Donald Trump, dropped his bid for the Republican Get together’s presidential nomination in October 2023.
In accordance with the FEC, Mike Pence For President nonetheless owes greater than $1.3 million in money owed. The committee is indebted to quite a few consultants for companies rendered throughout his temporary run.
It’s not clear how a lot cash, in whole, Mr. Pence might obtain by the federal program.
In accordance with a launch from the FEC, Mr. Pence’s marketing campaign fell throughout the necessities to obtain public matching funds. It raised a minimum of $100,000 by amassing $5,000 in 20 completely different states and agreed to spending limits set by the FEC.
The spending limits name for limiting spending on all main elections to $10 million, plus a cost-of-living adjustment, after which proscribing general marketing campaign spending in every state to both $200,000 or to a “specified quantity primarily based on the variety of voting-age people within the state.”
The Fee additionally requires documentation and auditing of marketing campaign expenditures.
In accordance with the FEC, Mike Pence For President spent greater than $4.7 million throughout his four-month marketing campaign. By comparability, the principal marketing campaign committee for Donald Trump, now the presumptive Republican nominee, spent greater than $68.7 million between January 2023 and March 2024, in accordance with the FEC.
Few main candidates select to pursue partial public funding for his or her marketing campaign. In accordance with information shared by the FEC, solely Inexperienced Get together candidate Jill Stein and Democratic Get together candidate Martin O‘Malley participated in 2016. Mr. O’Malley is the present commissioner of the Social Safety Administration.
In accordance with the FEC, Mr. Pence is the one presidential candidate to ask for and obtain federal funds within the 2024 cycle.
“The presidential public funding program is financed by the $3 check-off that seems on particular person revenue tax returns,” a launch from the FEC stated. “This system has two parts: matching funds to collaborating candidates in the course of the main marketing campaign and grants out there to nominees to pay for the overall election marketing campaign.”
A letter signed by the FEC’s Chairman Sean Cooksey, a Republican, addressed to Mr. Pence stated the cash given by the Treasury should solely be used for “the restricted goal of defraying internet excellent marketing campaign obligations, plus estimated crucial winding down prices.”
In February, Mr. Pence introduced he was beginning a coverage and advocacy initiative known as the American Options Undertaking by a 501(c)(4) non-profit he based, Advancing American Freedom Inc. The challenge stated it needed to spend $20 million in 2024.
Representatives of the FEC and Mr. Pence didn’t instantly reply to a request for remark from The Epoch Instances.