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Jasmine Crockett Swears Off Corporate Cash — But Transferred Thousands From Her House Campaign

A Democrat running for Senate in Texas has a complicated history with corporate America and the crypto industry.

Rep. Jasmine Crockett, a Democrat running for Senate in Texas, wants people to know she isn’t taking corporate PAC money — in her Senate campaign. 

“In this Senate race I have not taken any corporate PAC money,” Crockett told the Texas journalist Tashara Parker last month. “People don’t know that because my report hasn’t come out yet. But they will.”

But according to her most recent campaign filings, Crockett has a loophole that lets her use corporate PAC money to help fuel her Senate run — by transferring it from her House campaign. 

Crockett’s latest filings with the Federal Election Commission show that she transferred at least $26,500 in donations from corporate PACs — including those representing CVS, Home Depot, AT&T, and Wells Fargo — from her House campaign to her Senate campaign on December 19.

“It relies on technicality that you can say ‘I’m not accepting contributions to my Senate campaign from corporate PACs,’” said Brendan Glavin, director of insights at the government transparency group OpenSecrets. “But they can’t say that there’s no corporate money flowing through her Senate campaign, because it’s obviously not true.” 

Throughout her time in office, Crockett’s stance on corporate PAC money has shifted. She was the beneficiary of millions of dollars in spending by cryptocurrency PACs in her 2022 congressional campaign, and she’s taken more than $315,000 from corporate PACs affiliated with the crypto, defense, insurance, pharmaceutical, and banking industries since 2023. She’s sworn off that cash while running against state Rep. James Talarico in Texas’s Democratic Senate primary, now less than three weeks away, in a cycle that’s being largely defined by battles over outside spending. Early voting in the race begins on Tuesday.

“As I understand it, it looks like Rep. Crockett didn’t have a hard and fast personal policy about rejecting corporate PAC money for her House campaigns. Now, as she runs for Senate, she’s drawing a different line,” said Michael Beckel, director of money in politics reform at Issue One, a nonprofit that works on campaign finance reform.

“Even if they’ve benefited from dark money or corporate PAC money in the past, lawmakers who stand up to a broken campaign finance system should be cheered,” Beckel said. “That said, if politicians say they are taking steps to fight the broken campaign finance system, voters want them to walk the walk.”

Crockett’s campaign did not provide a comment by time of publication.

Speaking to Parker, Crockett suggested that questions about her corporate PAC support that have been raised since she launched her Senate campaign were a distraction from the party’s goal to elect a Democratic senator from Texas. Crockett also criticized her opponent, Talarico, who has also said he’s rejecting corporate PAC money but whose last campaign was largely funded by a casino PAC bankrolled by Republican megadonor Miriam Adelson.

“If politicians say they are taking steps to fight the broken campaign finance system, voters want them to walk the walk.”

“If politicians say they are taking steps to fight the broken campaign finance system, voters want them to walk the walk.”

“At the end of the day, taking money on behalf of a corporation is taking money on behalf of a corporation, no matter whose name is on it,” Crockett........

© The Intercept