Rep. Maxine Waters, D.-Calif., continues dishing out campaign cash to her daughter to run a moneymaking slate mailer operation involving California politicians.
Journalist Adam Lashinsky and Kaltbaum Capital Management's Gary Kaltbaum on whether this 'crazy' wealth tax idea will come to fruition. continued her longstanding practice of funneling campaign cash to her daughter to run a lucrative operation during the 2022 election cycle, which netted the younger Waters another six figures in payments.
The practice is highly unusual on the federal level, and Waters appears to be the only national politician using it to grab committee cash. Slate mailers, however, are commonplace in her , though critics say it involves deceptive practices over one campaign paying another for a politician's backing in an election.Waters received the green light to run the operation from the Federal Election Commission in the fall of 2004.
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