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HAGERTY CAMPAIGN PAID FOR BY SWEETHEART LOANS, CORPORATE PACS

HAGERTY CAMPAIGN PAID FOR BY SWEETHEART LOANS, CORPORATE PACS

FOR IMMEDIATE RELEASE: Friday, May 1, 2020

NASHVILLE – U.S. Senate candidate Ambassador Bill Hagerty’s campaign coffers, already lined with more than $200,000 from corporate PACs, were reinforced with a $2.5 million loan handed to him from a bank founded and operated by already maxed-out campaign donors and where he used to sit on the board.

According to information filed with the FEC, Pinnacle Financial Partners issued a $5 million line of credit loan that Hagerty pulled $2.5 million from on March 27 – the same day the $2.2 trillion pandemic stimulus package was signed – despite the bank losing 31% of its valuation on the NASDAQ Financial-100 index in just the previous month (PNFP). Hagerty, the lone candidate for federal office sitting on the White House’s COVID Economic Task Force, has also taken more than $30,000 from fellow members of that body. Hagerty’s primary opponent seized on the sweetheart loan in a web video this week.

Decorated Iraq war combat veteran James Mackler, a Democratic candidate for U.S. Senate who has refused to accept money from corporate PACs, issued the following reaction:

 “While Bill Hagerty’s race is funded by sweetheart loans, corporate PACs, and Washington special interests, my campaign is fueled by thousands of individual Tennesseans investing to elect in a combat veteran who will do what’s right and stand up to any president when they’re wrong.”

Since launching his campaign at a closed rural hospital in McKenzie, TN, James has earned support from the DSCC, Vote Vets, Planned Parenthood Action Fund, Serve America, End Citizens United, Giffords PAC, Gov. Phil Bredesen, and thousands of Tennesseans in all 95 counties.

James joined the U.S. Army after 9/11, becoming a Black Hawk helicopter pilot and serving as a Screaming Eagle in the 101st Airborne Division. Following a deployment to Iraq, James became a JAG attorney, protecting sexual assault survivors and prosecuting criminals. James is running for U.S. Senate for the same reasons he joined the army — to do more and serve all Tennesseans in a time of crisis.