The case is the latest in a series of actions by the FEC to penalize independent political groups that spent money to influence elections but did not register as political committees. The groups, called 527 organizations for the section of the IRS code under which they were formed, played a significant role in the 2004 congressional and presidential elections by raising unlimited amounts of money from labor groups, corporations and wealthy individuals.
- AP/Forbes (read full story here)
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1 comment:
Nobody can keep the rules straight anymore. Let's get rid of all the rules and let free speech be the rule.
I may form a 527, but legal advice will be required.
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