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Monday, October 11, 2010

postheadericon Campaign finance: Does anyone care?

6:03 PM | เขียนโดย leonook | Edit Post

You have all, no doubt, heard about all of the money pouring into the 2010 midterm elections. Donations can now be kept secret, and millions are being funneled through “social welfare” nonprofits designated by the tax code as 501(c)(4) groups that the IRS and the Federal Election Commission (FEC) are paying little mind to at this point. Most won't file taxes for the first time until after the election is over with.



It is a whole new money game with profound implications, but we are three weeks away from Election Day and the debate over campaign finance is going nowhere. The White House is picking fights with the Chamber of Commerce over the question of foreign money being used to pay for ads supporting Republican campaigns. The president and his senior adviser, David Axelrod, have raised the question but have provided no evidence that it's happening.

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