N.Y. Times reports on Adam Jentleson’s new organization, which is “starting with an annual budget of $10 million … [and] is subsidized by a roster of billionaire donors highlighted by Stephen Mandel, a hedge fund manager, and Eric Laufer, a real estate investor.” The article focuses on Jentleson’s conflict with more progressive elements of the Democratic Party’s coalition, including this:
“He also criticized the Center for American Progress, the leading Democratic think tank, as ‘100 percent pure uncut resistance drivel.’ Organizations focused on climate change, gun control and L.G.B.T.Q. rights have all managed to get Democratic presidential hopefuls on the record taking far-left positions to the detriment of their general election performance, Mr. Jentleson added.”
I was curious about how the new entity, called Searchlight Institute, is being organized for campaign finance and tax purposes, but the article does not address that. It evidently has a specifically electoral purpose, not just a generically political one, but much of its expenditures probably could be avoid being classified as electioneering. For those thinking about campaign finance regulation ought to be conducted in a post-Citizens United world (if ever that were to transpire), what would be the appropriate way to treat an organization of this nature? Purely disclosure rules? Contribution or spending limits? Or outside the scope of campaign finance regulation altogether, because its activities are more properly understood as not specifically election-related despite its electoral purpose–and thus should be treated as the equivalent of Brookings, AEI, and other think tanks?