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Tag Archive: Dark Money

Video: This Week’s Political Money Weather Report

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$800 million and counting. That’s how much money has been spent just by outside groups so far this election season. There's no doubt that this will be the most expensive election yet. Tune into this week’s Political Money Weather Report for a quick recap the steady downpour of money: where it’s happening, and who’s behind it (when transparency laws allow for us to know) -- and what we don’t know.

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The IRS Should Stop Ignoring Dark Money

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For voters disgusted by nasty campaign ads and frustrated that they don’t know who is paying for them, there is plenty of blame to go around. The Supreme Court for allowing the dark money takeover of our elections, Congress for failing to enact the DISCLOSE Act, the Federal Election Commission for its failure to enforce laws already on the books. Add to that list the IRS, for its apparent willingness to look the other way while millions of dollars are laundered through fake nonprofit organizations whose only purpose is to influence elections.

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Stealthy effort fuels get out the vote effort–in Israel

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Image of ballot box with backdrop of israeli flagAn assertive bipartisan get-out-the-vote effort known as “IVoteIsrael” and aimed at Americans living in that country appears to have ties to conservative billionaire Ronald S. Lauder, a supporter of Republican causes and of the hawkish Israeli Prime Minister Benjamin Netanyahu.

A project of Americans for Jerusalem, a charity registered under 501(c)4 of the U.S. tax code, IVoteIsrael is not required to release information about its donors. However, corporate filings in Delaware show that the group lists the same Manhattan address as that used by the Ronald S. Lauder Foundation. Other intriguing connections:

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Shadowy super PAC spends $1 million in Connecticut House race

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The Government Integrity Fund Action Network, a super PAC that to date has disclosed just $10,500 in contributions, today reported dropping a money bomb in a Connecticut House race: $1.1 million in to produce and air ads in opposition to Elizabeth Esty, the Democratic candidate in her state's 5th Congressional District.

The money more than levels the financial field in the competitive race for the open seat: Esty has raised $2.1 million for her race, with about $857,000 left to spend down the stretch, according to the Center for Responsive Politics. Her Republican opponent, Andrew ...

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Target Nevada: Silver State drawing lots of green from campaigns

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Nevada is used to high rollers, but the state has special reason to be blase about this set.Outline of the state of Nevada with bullseye

President Obama is in the state, prepping for his Wednesday debate with his Republican rival, Mitt Romney, after headlining a Sunday night rally in Las Vegas. Romney's wife Ann arrives in Las Vegas Monday for a rally in nearby Henderson and then an evening fundraiser at the home of Republican mega-donor Sheldon Adelson and his wife, Miriam, no slouch herself in the political underwriting department. And first lady Michelle Obama arrives Wednesday for a campaign stop in Reno.

Residents of the ...

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Money in the Senate elections, in 8 charts

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With just over a month until Election Day, most forecasts have Democrats in a strong position to hold their majority in the Senate and have strengthened their position in the last few weeks, moving ahead in close seat polling. But when it comes to the money, the Senate remains very competitive. In this analysis, we look at the money in 19 close races that the Cook Political Report has deemed “Toss-up”, “Lean”, or “Likely” races within the last month. (We’ve excluded the three-way race in Maine for analytical purposes.) The quick summary is that, by our count, the Democrats have the lead in 11 of the 19 races. If money is determinative, this is not a great position for Democrats, since of the 19 seats we analyze, 15 are seats currently held by Democrats.

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Money in the House elections, in 8 charts

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With just over a month before the election, the general consensus is that Democrats will have a tough time picking up the 25 seats they need to win back the house, despite some protestations. But when it comes to the money, Republicans appear to be in solid shape. Republicans have a fundraising lead in 57 of 90 races that the Cook Political Report has deemed “Toss-up”, “Lean”, or “Likely” races within the last month. Of these races, Republicans are the incumbent party in 54, and Democrats in 30. There are also six new districts in which it does not make sense to speak of an incumbent.

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Debunking the Wall Street Journal’s odd case against disclosure

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Wall Street Journal columnist William McGurn is a well-known champion of free market capitalism. As somebody who supposedly understands all the benefits of markets, it is strange to see him attack disclosure and full transparency, as he did in a Wall Street Journal column this week entitled “The Chick-fil-A War is Back On: Welcome to the new intolerance.” McGurn starts off with some complains about how poor ol' Chick-fil-A is being treated. Apparently Mr. McGurn finds something intolerable about fast food consumers exercising their freedoms of choice and speech and using market forces to affect change. Would he feel the same way if they were complaining that the chicken tastes like rubber? Is not a boycott the most capitalist-friendly method of pushing change, with its pure reliance on market forces? McGurn also has bigger chickens to fry. He also doesn’t like the market-oriented (again) way that consumers have been sending signals to corporations that belong to the American Legislative Exchange Council, a conservative group that writes model legislation in secret and has recently come under fire for pushing model “Stand Your Ground” legislation at the state level. And back in 2005, he didn’t like consumers pressuring Charles Schwab from supporting the libertarian Cato Institute. And though he does not discuss campaign finance disclosure directly, it is hard to ignore that for the last few months, there is been an ongoing debate as to whether so-called “dark money” 501(c) groups should be required to reveal their donors. In July, Senate Republicans filibustered the DISCLOSE ACT, which would have required these groups to disclose their donors. Our best guess is that just two dark money groups (Crossroads GPS and Americans for Prosperity) have already spent $174 million on this election. And that the total dark money figure could approach $1 billion. McGurn apparently thinks all these contributions should happen behind the scenes, so that consumers and citizens can remain blissfully ignorant of the political agendas of the companies that they support in the marketplace. He writes that while transparency “may sound fine in theory, in practice these requirements can conflict with the right of people to come together in free association.”

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