Stir together first 4 ingredients in a large pitcher. Slowly add soft drink and club soda. Serve immediately over ice. Garnish, if desired.
Screwdriver Punch: Substitute 2 (12-oz.) cans frozen orange juice concentrate, thawed, for first 3 ingredients, and 1 pt. vodka for bourbon.
I like that this is not sickly-sweet. Used freshly-squeezed orange juice. I think that is the key to this punch!