“Social welfare” organizations, or “Dark money” groups?

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It’s not the SuperPACs that are buying our elections, so-called “social welfare” organizations are. According to IRS law – 501c4 and 501c6 groups – what are known as social welfare organizations or trade associations – are allowed to spend unlimited amounts of money in our elections – and not disclose a single donor – just as long as they don’t explicitly call for the election or defeat of a particular politician.

And since the super-rich who are trying to buy Republican politicians would rather stay in the shadows, they’re increasingly using these “dark money” groups rather than SuperPACs – which do have to disclose their donors – to influence our elections.

According to a new report by Demos and the U.S. PIRG – 50% of all outside spending this presidential race has come from these “dark money” groups. The top 5 “dark money” groups more than $50 million bucks on television adds so far this election, yet Americans only know where 1% of that money actually came from. For all we know, Chinese business tycoons, Saudi princes, or foreign dictators could be funneling money into our elections to help Republicans win. This is the insanity that the Supreme Court gave us in its Citizens United decision.

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Who Should an Economy Serve?

The top one percent own half of all the world's assets. In stark contrast, the bottom fifty percent of the world owns less than one percent. According to the 2014 Global Wealth Report from Credit Suisse, global inequality has surged since the 2008 financial collapse. The report explains that while global wealth has more than doubled since the year 2000, the vast majority of overall growth has gone to those who were already wealthy.

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