Campaign Finance Breakdown: Biden Can’t Withdraw Until He’s Officially the Nominee

The Rich Zeoli Show

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4.9 • 1.6K Ratings

🗓️ 9 July 2024

⏱️ 48 minutes

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Summary

The Rich Zeoli Show- Hour 2:

4:05pm- In his latest opinion article for The Wall Street Journal, former Counsel to the Chairman of the Federal Election Commission Charlie Spies writes: “If [President Joe] Biden drops out before the Democratic Party formally makes him its nominee, then Federal Election Commission rules dictate that no more than $2,000 of any campaign funds that he raised may be transferred to any other candidate, including [Vice President Kamala] Harris.” You can read the full op-ed here: https://www.wsj.com/articles/biden-has-100-million-reasons-to-stay-in-election-finance-d8a2dfdf?mod=opinion_lead_pos5

4:20pm- While speaking with Sean Hannity on Fox News, presumptive Republican presidential candidate Donald Trump suggested that if Democrats remove Joe Biden at the top of their ticket it’ll be Kamala Harris that takes his place.

4:30pm- Daniel Chaitlin of The Daily Wire reports: “President Joe Biden formally rejected on Monday a bill in Congress that would require individuals to show proof of U.S. citizenship to register to vote in elections for federal office. A policy statement from the Biden administration said it ‘strongly opposes’ the Safeguard American Voter Eligibility (SAVE) Act, which was introduced by Rep. Chip Roy (R-TX) earlier this year and is expected to get a vote in the Republican-led House as early as this week, but did not mention the prospect of a veto.” You can read the full article here: https://www.dailywire.com/news/biden-formally-opposes-bill-requiring-voters-prove-citizenship?topStoryPosition=3

4:50pm- Who will Donald Trump pick to be his running mate? Doug Burgum? Marco Rubio? J.D. Vance? Plus, why is Matt not invited to the White House Easter Egg Roll?

Transcript

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0:29.2	The Rich Zioli Show on Talk Radio 1210, W. P. H.D.
0:35.6	One thing I wanted to share though with you as we continue this conversation about
0:40.4	Biden and what happens here is I've heard a lot of people question the money aspect
0:45.8	and what happens to all this money that Joe Biden's raised and a few people have pointed that out to say
0:50.5	rich he can't go anywhere because he's raised all this money and they can't
0:53.7	transfer it that easily and yada yada yada.
0:56.1	Well there was a piece today in the Wall Street Journal that was excellent.
0:59.8	And the title of it is, Biden has 100 million reasons to stay in.
1:05.0	Now, Charlie Spees wrote this and the key is that he has to become the nominee in order to transfer that money.
1:17.0	A lot of people have been incorrectly stating on social media in the last couple really since a debate.
1:23.2	Yeah but but but Biden's got all this money and he can't just easily hand it off to
1:28.6	somebody else and that's the end of it.
1:30.7	It's a little more complicated than that as most things in life usually
1:34.0	are. Campaign finance rules create an incentive for Joe Biden to stay in the race
1:40.0	through the Democratic National Convention in August.
	...

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