Friday, December 20, 2013

Hidden political spending

This article is mainly about how right-wing extremists have gotten power, relating it to past happenings, explaining current differences. It is well worth reading in it's own right, but here I want to address the aspect of political donations by business because of misinformation I have seen on Facebook.

http://www.alternet.org/tea-party-and-right/grand-old-tea-party-0

[from page 2]

the Citizens United decision opened the floodgates for reactionary political money, and as a result, billionaires have become increasingly brazen in their exploitation of campaign finance loopholes. In September, The New York Times discovered that the Koch brothers and their allies gave $236 million more than had been previously known to conservative groups during the 2012 election, simply by registering a new organization as a “business league” instead of a “social welfare” group. This enabled its 200 “members” to make contributions of $100,000 or more as “dues,” which not only hid the donations but potentially qualified them as deductible business expenses.

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