Thursday, August 05, 2004
PAC Man
"The McCain-Feingold campaign finance reform law banned “soft money”, or large unregulated contributions, to national political parties and federal campaign committees. But 527 organizations, named for the section of the tax code the organizations fall under, are not required to adhere to McCain-Feingold. However, there is a stipulation for their exclusion from the McCain-Feingold legislation. The groups may accept unlimited donations from anonymous donors for political purposes, so long as they do not expressly advocate the election or defeat of a candidate, and do not act in concert with any lawmaker or party committee."
Does this not mean any grassroots political organization that accepts donations from individuals cannot advocate for the defeat of Bush or of Kerry? How can politicans be held to this law and PACs are not?
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