Tuesday, September 21, 2010

Tea Party 'Astroturf Front for Corporate Agenda' Movement Gets Richer.

An anonymous donor contributed $1 million to the Tea Party Patriots, and the Tea Party's national coordinators who intend to use the funds to get out the vote for the Nov election.

Conveniently, the Tea Party Patriots are organized as a social welfare organization, [501(c)4 of the tax code], therefore not regulated by federal finance campaign laws and not required to disclose funding sources.
"As long as the Tea Party Patriots do not mention candidates' names in their material or explicitly advocate for or against a specific candidates' election, they don't have to meet federal requirements to disclose their donors.[...] There certainly seems to be an increase in the use of 501(c)4s to launder political donations. Big donors find them attractive because they can give money without getting their names in public." -- Paul Ryan, an expert at the Campaign Legal Center, a non-partisan watchdog group that monitors election law.
However, despite the anonymity of the donor, thanks to Jane Mayer's article in The New Yorker, Covert Operations , it's fairly safe to assume that the incredibly rich Koch brothers, of Koch Industries, an oil refiner and the nation’s second largest private company with about $100 billion in annual revenue, and who are tied at #24 on Forbes top billionaire's list  are behind most large donations.
Many of the groups on the right receive funding from a network of influential conservative foundations, including those connected to the Koch brothers of Wichita, Kan., who run the largest private energy firm in the United States. Records show that the Koch-connected Claude R. Lambe Charitable Foundation, for example, has given $3.1 million to Americans for Prosperity, a group that has taken a leading role in organizing "tea party protests" and other anti-reform efforts.






Links:

'Shadow RNC' American Crossroads Raises Millions in August from Wealthy Individuals, Corporations - American Crossroads is a tax-exempt group organized under section 527 of U.S. tax code, created to primarily influence elections. In July, the group registered with the Federal Election Commission as an independent expenditure-only committee and now reports its income and expenditures to the FEC on a monthly basis

Shadow RNC

0 comments:

Petitions by Change.org|Start a Petition »

  © Blogger templates The Professional Template by Ourblogtemplates.com 2008

Back to TOP