A "loophole" in the unconstitutional McCain-Feingold campaign finance "reform" bill allowed billionaires (5 in particular) to send millions of dollars to 527 groups like Moveon.org in order to influence elections and get "their" candidates elected. This law essential puts the wealthy elite at a clear advantage over us "peasants" when it comes to running for office or simply conducting the campaign process.
Now the House is set to take up a bill that limits fundraising by nonprofit groups called 527s that spent hundreds of millions of dollars in 2004. The bill would require them to register as political committees and abide by contribution limits. Democrats, who in 2004 relied on 527s as a key source of financing, oppose it.
What a surprise!
No comments:
Post a Comment