Candidates attack each other’s campaign finances

Candidates attack each other’s campaign finances

Candidate Luis Daniel Muñoz has also called on Magaziner to repay the $700,000 personal loan as part of any People’s Pledge agreement.  “Today, our correspondence to the General Treasurer’s campaign restated our openness to having a conversation regarding the People’s Pledge, and emphasized the importance of leveling the playing field with a request that he pay back the substantial personal loan he has given to his campaign by Jan. 1st, 2022,” Gorbea campaign spokesman Dan Walton wrote. In response to accusations that McKee relies on so-called “dark money” from outside groups, the McKee campaign has revived questions raised by Ernest Almonte in the 2014 campaign for treasurer about where Magaziner got the $800,000 he loaned his campaign. 

2022 RI governor race:Seth Magaziner, Matt Brown clash over use of ‘dark money’ “Dark money Super PACs have influenced other elections in Rhode Island … including the 2014 and 2018 Democratic primaries for Lieutenant Governor, during which out of state super PACS funded by interests like the Sackler Family, owners of notorious opioid manufacturer Purdue Pharma, spent nearly $250,000 in support of Dan McKee’s campaigns,”  the Magaziner campaign wrote in a news release.

But as they did when he first proposed a People’s Pledge, Magaziner’s rivals Tuesday objected to any deal on outside spending that doesn’t include Magaziner repaying a personal loan to his campaign for treasurer. Magaziner loaned his campaign $800,000 in 2013-14 and repaid $100,000 of it. And in some of the most aggressive attacks of the fledgling 2022 campaign, Magaziner criticized Gov. Dan McKee for benefitting from outside groups in his campaigns for lieutenant governor.

She did not elaborate on whether that meant he inherited the money, took it from a trust or some other mechanism. Campaign-finance law limits individual campaign donations to $1,000 per year. The People’s Pledge Magaziner proposed was used in the 2014 governor’s race between Gina Raimondo, Angel Taveras and Clay Pell. The candidates agree that whenever an outside group makes an  “independent expenditure” that benefits them, they will donate an equivalent sum from their campaign to charity. Pressed by The Journal for more detail, Magaziner campaign manager Katie Nee said that the treasurer is “fortunate to come from a well-off family, and that allowed him to put personal money into the 2014 race.”

“Given an amount this large, there should be more detail on how that money was transferred, coming from someone who is all about transparency,” McKee campaign manager Brexton Isaacs said Tuesday. Before he ran for treasurer, Magaziner had worked as a teacher and in 2013 reported between $50,000 and $100,000 in income as vice president of Trillium Asset Management. In 2014 the Magaziner campaign had said only that the loan was a “personal investment” in his campaign.  

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