Pro-Obama super PAC outpaces GOP counterpart
Monday, October 22, 2012 - 10:28 Justin Sullivan/Getty Images Pro-Mitt Romney super PAC Restore Our Future doubled its monthly hall but was outraised by its pro-Obama counterpart Priorities USA Action for the second month in a row. Restore Our Future , a super PAC supporting Mitt Romney’s candidacy, doubled its fundraising total in September. It took in $14.8 million , but was still outraised by the pro-President Barack Obama Priorities USA Action , which raised $15.3 million for the month. The totals show a reversal of a trend — Republicans to date have fared better at raising money for outside groups, though Romney still has American Crossroads, a well-funded super PAC, and Crossroads GPS, a nonprofit, in his corner. Restore Our Future brought in $7 million in August. Most of the major super PACs had until Saturday at midnight to file monthly reports with the Federal Election Commission on September’s fundraising activities. Meanwhile, J. Joe Ricketts, whose conservative Ending ...
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Hospital PAC backs GOP House candidates
Monday, October 1, 2012 - 09:59 Adam Berry/Getty Images The American Hospital Association's PAC is backing Republican candidates who oppose Obama's health care reforms. The political action committee of the American Hospital Association reported spending $968,000 on ads supporting Republican incumbent representatives in Louisiana, Washington, New York and Pennsylvania, all of whom sit on committees that oversee health care issues. The ads support Reps. Charles Boustany Jr. in Louisiana’s 3rd District, Richard Hanna in New York’s 22nd District, Tom Reed in New York’s 23rd District, Cathy McMorris Rodgers in Washington’s 5th District and Jim Gerlach in Pennsylvania’s 6th District. The American Hospital Association is a trade group representing hospitals and health care networks. It opposes any and all cuts to Medicare and Medicaid, supports lower costs for graduate medical education, wants to simplify regulatory requirements and favors lowering malpractice premiums ...
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The companies that spend the most on politics
With the U.S. presidential election heating up, 24/7 Wall St. decided to examine public companies’ political contributions in the current election cycle. The donations include monies given to political parties, candidates, and political action committees.
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Dictators for Obama?
Tuesday, October 23, 2012 - 09:11 Chris Kleponis/AFP/Getty Images Evangelical leader Gary Bauer leads the Campaign for American Values PAC, which produced the ad "Dictator Vote." President Barack Obama has the dictator vote, at least according to a super PAC run by evangelical leader Gary Bauer. Hours before Obama and GOP nominee Mitt Romney began a debate on foreign policy, Bauer’s super PAC released an ad with quotes from Cuba’s Fidel Castro, Venezuela’s Hugo Chavez and Russia’s Vladimir Putin, expressing their admiration for the president. “Obama secured the dictator vote,” the narrator says. “Does he have yours?” Bauer’s Campaign for American Values PAC has spent more than a half-million dollars on ads supporting Romney and opposing Obama. An August ad said Obama is “forcing gay marriage on the country.” Another accused the president of “bowing to Islam.” And a third ad asked, “Why was God booed by Obama’s delegates” at the Democratic ...
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Secret campaign donations -- so what?
Thursday, October 18, 2012 - 10:48 Joe Raedle/Getty Images Nonprofit social welfare organizations may become more potent political donors than super PACs. And they don't have to disclose who gave money. Campaign finance regulation is an endless game of Whac-A-Mole. There’s always something popping up to respond to new rules , from soft money to 527 groups to super PACs. This year, the scrutinized group pouring tens of millions into races is the 501(c)(4). That clunky IRS alphanumeric refers to nonprofit social welfare organizations. Because of a loophole, they can also finance political activity. Their donors can give as much as they want, with no public disclosure. Our reporting on campaign finance with PBS's Frontline got us thinking about a provocative question about anonymous donations. What’s the big problem with them, anyway? Tackling the question is tricky because it’s so rarely asked. There are fierce arguments about campaign finance, of course, but they’re largely about ...
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