Clinton Benefits from 527 Groups
Posted by Ralf Yoffe | Under Economy & Government, Funds, General, Money Matters, Strategies, Taxes Monday Nov 26, 2007
Remember 527 organizations?
They made headlines in the presidential organization when a group of organized Republicans funded “Swift Boats for Truth” to launch a missive against Senator Kerry.
527 organizations are named after 26 U.S.C. 527 - basically section 527 of the Tax Code (the Tax Code is Title 26). Generally, tax exempt organizations are not allowed to participate in significant political activities (remember the hullaboo over Huckabee). However, 527 organizations have as their purpose to influence the nomination, election, appointment or defeat of candidates for public office. They are also not regulated by the Federal Election Commission and are not subject to the same contribution limits as PACs. One of the few regulations is that they may not be governed by candidates or committees affiliated with candidates.
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