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Thursday, October 7, 2010

Democrats mounting attack on outside political spending

Radio Business Report/Television Business Report - Voice of the Broadcasting Industry: "The Supreme Court’s Citizens United ruling has opened the money spigots, and allowed unaffiliated political organizations to attack candidates without revealing who is funding the advertising. Democrats are charging that illegal foreign cash is finding its way into the process, and are attempting to enlist the IRS and FEC to investigate.
Max Baucus (D-MT) is trying to bring the IRS into the issue. He says that entities operating as 501(c) organizations are supposed to have a reason for being other than the elect and/or defeat political candidates. He thinks that many such organizations operating this year were formed specifically for political purposes and warrant investigation. One prominent target, among many, is Karl Rove’s American Crossroads."

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