with the Federal Election Commission on Tuesday over radio giant iHeartMedia funneling more than $630,000 into a super PAC backing the Republican senator’s re-election bid.between the Texas senator and iHeartMedia “brazenly” violates federal election laws. They also accused Cruz of directing funds into the Truth and Courage PAC, which describes itself as “ensuring that Ted Cruz is re-elected to the United States Senate in 2024.
The CLC soon after filed a complaint with the Senate Ethics Committee over the senator receiving gifts from iHeartMedia, a registered lobbyist. In the end, both Cruz and iHeartMedia claimed that the senator wasn’t getting compensated andover the podcast deal when Truth and Courage’s FEC reports showed that iHeartMedia had dumped more than $630,000 worth of “digital revenue” into the PAC’s coffers over the past year, accounting for roughly a third of its cash raised.
The two watchdogs have urged the FEC to open a probe into the deal, and they called on regulators to impose harsh penalties if Cruz and iHeartMedia are found to have skirted campaign finance laws.“By soliciting or directing $630,850.
Chopak continued: “This type of funding risks putting the priorities of wealthy special interests above everyone else and makes our political process more vulnerable to corruption. Yet all available information makes it seem that a partnership between Texas Senator Ted Cruz and iHeartMedia has produced such an illegal transfer, with over $630,000 in ‘income’ from Cruz’s podcast moving to a super PAC supporting his reelection.