Obama opts out Public Financing to counter GOP Dirty Tricks

Published May 28, 2010

John Mccain is criticizing Barack Obama for opting out of public financing, but Mccain has plenty of 527s doing his dirty work. Obama wants to raise his own money so he can deliver a clean message. ——————————————– Remember the swift boat commercials against John Kerry? Or the anti-Obama “Willie Horton” ad that ran in North Carolina during April? They were all funded by 527s. The name refers to the section of the tax code that governs certain types of political advocacy organizations that have “the primary purpose of influencing federal, state, or local elections.” While PACs (political action committees) are subject to the contribution limits set by the 2002 McCain-Feingold campaign-finance bill, which regulates organizations that directly advocate for candidates, 527s colloquially refer to a subset of groups that avoid limits by not explicitly telling voters to vote for one candidate or another. In addition, many Republican donors (and an increasing number of Democrats) favor another tax subset, the lesser known 501(c)4, because, although they also cannot engage in express advocacy, they are not required to disclose their contributors. These two types of groups have raised more than $76.9 million in 2007–nearly $13 million more than they raised in the year leading up to the 2004 elections–and are sure to have a strong impact on the upcoming election. Freedom’s Watch (Republicans) Who they are: Until recently, the group was headed by Bradley …

Obama opts out Public Financing to counter GOP Dirty Tricks

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