Republican presidential candidate Vivek Ramaswamy announced Monday a new fundraising method that would allow participants to receive a cut of the money they raise.
Ramaswamy in his video attacked the “oligopoly” that controls fundraising measures and said the move is meant to “democratize” and “make it possible for everybody to make money as well.” The program, named Kitchen Cabinet, would allow anyone to fundraise for the campaign and “make a 10% commission” on the money they raise.
A small oligopoly of political fundraisers is already making an ungodly amount of $$ on this election. It’s disgusting. I’m breaking up that cartel. Today we’re launching the Vivek Kitchen Cabinet: starting today, *anyone* can fundraise for the Vivek 2024 campaign & make a 10%… pic.twitter.com/k2y9ZL8WPe
— Vivek Ramaswamy (@VivekGRamaswamy) July 10, 2023
The move aligns with the reform-minded campaign Ramaswamy is running. Ramaswamy previously said he would abolish the FBI, raise the voting age to 25 years and repeal the Espionage Act. Ramaswamy has also taken legal action against bodies like the World Economic Forum and filed for a Freedom of Information Act request after former President Donald Trump was indicted over classified documents. (RELATED: 2024 GOP Candidates React To Trump Indictment)
A GOP candidate must accrue at least 40,000 unique donors, with at least 200 donors from 20 states or territories, in order to make the debate stage in August. A candidate must also receive 1% in three recognized national polls, or 1% in two national polls and one qualifying state poll, to reach the debate, according to NBC News.
A Ramaswamy campaign official claimed he has satisfied the donor requirement for the August debate. Ramaswamy has been polling over 2% since late April, according to Real Clear Politics polling average for the Republican nomination. An official announcement has yet to be made on candidates who have made the first debate.
