527 Clout Growing
`527' Groups Gain Political Clout
Armies of supposedly independent organizations, able to raise unlimited amounts of money, are hoping to influence the outcome of the presidential election.
The often partisan groups, although unaffiliated with the campaigns, have become a major force.
While some back Bush, most are bolstering Kerry. Republicans, feeling pressure in more than a dozen key states, are trying to fight back.
The groups, called 527s after a section of federal law that defines their tax status, have amassed at least $183 million this election season in largely unregulated contributions known as ``soft money.''
- Bob Brigham - 527 News
from the creator of Bay to the Beltway
Online + Campaigns + Politics + Elections + San Francisco + News + Blogs + Presidential + Battleground + Senate + Congress
Armies of supposedly independent organizations, able to raise unlimited amounts of money, are hoping to influence the outcome of the presidential election.
The often partisan groups, although unaffiliated with the campaigns, have become a major force.
While some back Bush, most are bolstering Kerry. Republicans, feeling pressure in more than a dozen key states, are trying to fight back.
The groups, called 527s after a section of federal law that defines their tax status, have amassed at least $183 million this election season in largely unregulated contributions known as ``soft money.''
- Bob Brigham - 527 News
from the creator of Bay to the Beltway
Online + Campaigns + Politics + Elections + San Francisco + News + Blogs + Presidential + Battleground + Senate + Congress
posted by brigham at 5:46 PM
<< Home