Sen. Ted Cruz will continue accepting campaign contributions from corporate executives even as he refuses donations from corporate political action committees, an adviser to the Texas Republican confirmed.
Cruz, a 2024 presidential contender, made headlines this week when he announced a self-imposed ban on accepting financial support from corporate PACs amid a falling out between Republicans and many longtime allies in the business community. But the senator is not cutting off contributions from the wealthy executives who run those corporations, keeping open a pipeline of campaign cash more lucrative than that offered by PACs.
“He’s still going to take personal money,” the Cruz adviser said Friday.
Corporate PACs, which donate to politicians with money collected from employees, are limited by federal law to donations of $5,000 per calendar year per federal candidate. Individual donors are permitted to contribute just $2,800 to a candidate per election cycle. But they are able to write far larger checks