Super PAC Launched To Support Potential Third Party

Officials unveiled a super PAC in favor of a possible third-party “unity ticket” coordinated by No Labels on Wednesday.

For months, No Labels has been collecting data about the potential of a “unity ticket” for next year’s presidential election.

Three political strategists—two Republicans and one Democrat—form the New Leaders 2024 organization. Even though No Labels hasn’t said anything about its presidential candidate selection process, the organization has gained access to the ballot in thirteen states and hopes to add a few more in the following months.

The organization has received $2 million in pledges, but they anticipate raising $300 million with a successful No Labels ticket.

Kathleen Shanahan, who has worked as an advisor to former presidents George W. Bush and Dick Cheney, as well as chief of staff to former Florida governor Jeb Bush (R), will be leading the group.

The Democratic super PAC’s treasurer will be Andrew Fishman, who heads Schonfeld Strategic Advisors.

Additionally, the super PAC will be advised by GOP strategist Rob Stutzman, who has experience working for former California Gov. Arnold Schwarzenegger (R).

Officials from No Labels have said that they would wait until after Super Tuesday in March, when the outcome of the presidential race between Trump and Biden will be more apparent, before deciding whether to present a ticket and proceed with the attempt.

Opponents of No Labels contend that a “unity ticket” would unfairly disadvantage Biden in the race for president and would never be able to get the 270 electoral votes necessary to secure the White House.

In November of last year, the organization was characterized by former House Speaker Nancy Pelosi (D-Calif.) as “perilous to our democracy.”

While No Labels has hinted at potential presidential aspirations, it has refrained from making a public declaration of intent. According to the insider, however, the organization conveyed an air of self-assurance when it spoke to its fans about its presidential aspirations.

With his recent resignation as head of the centrist group, Larry Hogan can now run for president on their ticket.