The Mudcat Café TM
Thread #126720   Message #2842517
Posted By: Sawzaw
17-Feb-10 - 08:39 PM
Thread Name: BS: Supreme Court Kills Democratic Party...
Subject: RE: BS: Supreme Court Kills Democratic Party...
Yeah Pops, I heard of those 527's invented by the Democrats. Hurry and figure out which standard you are going to use the judge this by:

Until recently, the Democrats could even the scales somewhat by raising "soft" money, the unlimited contributions from rich individuals, corporations, and labor unions that flowed to both parties in roughly equal amounts during the 1990s. But two years ago, the McCain-Feingold Act prohibited parties from raising soft money, a goal long sought by liberal newspaper editorialists and good-government activists. Ever since, the Democratic Party's fundraising has lagged even farther behind the GOP's than usual.

But last summer, a coterie of labor campaign operatives, liberal advocacy-group leaders, and old Clinton hands began exploiting one of McCain-Feingold's loopholes. They organized several groups under Section 527 of the tax code to raise and spend the soft money which the Democratic Party no longer could. Scores of wealthy liberals, among them George Soros, have together given tens of millions of dollars to these "527s," which have generic names like Americans Coming Together and Voices for Working Families. And in March and April, these groups spent a chunk of the money on issue ads attacking Bush"