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What makes a super PAC super?
Traditional political action committees are bound by a $5,000 annual limit on the size of contributions they can accept from individuals and are prohibited from accepting contributions from corporations and labor unions. A super PAC is freed from these restrictions under two conditions: The PAC must neither 1) give money directly to a candidate or other political committees that give directly to candidates, nor 2) coordinate how it spends its money with a federal candidate. As long as those two conditions are met, a super PAC may accept donations directly from corporate or ...
Super PACs: How we got here
Nearly four decades ago, the delivery of a suitcase stuffed with $250,000 in cash to one of then-President Richard Nixon's top aides helped fuel the Watergate scandal and a complete overhaul of the laws regulating campaign finance. Voters in the 2012 election are likely to know less about who is trying to influence their decision than they have at any time since then. And, compared to the amounts of unregulated dollars flowing into campaigns, the stash of cash that former Commerce Secretary Maurice Stans accepted during the 1972 presidential campaign seems like peanuts.
Here's a look at ...
Continue readingEvolution of money in politics
Here is an interactive timeline of the events that shape money in politics. Click on the dots for more information.
Sources: Campaign Legal Center, Congressional Research Service, FEC, OYEZ, Sunlight reporting
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Super PACs have spent most on Florida ad buys, so far
While the polls have constantly fluctuated in the last week before Tuesday's GOP presidential primary in Florida, one number has seen a steady rise: the campaign money being pumped into the Sunshine State. Helping to boost the total: The two super PACs supporting frontrunners Mitt Romney and Newt Gingrich have spent more than $15 million in the state. That number makes 38 percent of all presidential super PAC spending that Sunlight is tracking.
About 66 percent of all super PAC spending in the races thus far has come from just two of super PACs, the pro-Romney Restore Our Future ...
Gingrich super PAC super donor Sheldon Adelson has businesses under scrutiny by IRS, Justice
Billionaire casino mogul Sheldon Adelson and his wife, Miriam, who have reportedly given a combined $10 million to Winning Our Future, the super PAC that supports and is run by former staffers of Republican presidential candidate Newt Gingrich, were drawn to him by a shared view of the importance of the U.S. relationship to Israel.
But a review of public records by Sunlight suggests that the couple, who appears to be the former House speaker's most generous political patrons pending the filing of Winning Our Future's first complete financial disclosures later this month with the Federal Election ...
Continue readingThe Senate’s Dodd Problem
MPAA head lobbyist Chris Dodd threatened Congress and the President last week, suggesting that lawmakers should remember that they’ve been... View Article
Continue readingLooking to Obama’s State of the Union
Tonight, President Obama will deliver his fourth State of the Union address, and we’ll be watching to see how his... View Article
Continue readingWatch it live: Will Super PACs Determine the 2012 Election?
If you can’t make it to Capitol Hill today for today’s Advisory Committee on Transparency event on Super PACs, don’t... View Article
Continue reading1021 Days Later…
It has already begun. And it’s getting worse. Two years ago, on January 21, 2010, the Supreme Court unleashed it,... View Article
Continue readingNo restriction on how Pro-Perry super PAC can spend funds
Texas Gov. Rick Perry's decision to drop his bid for the GOP presidential nomination Thursday raises a tantalizing question: What will happen to the big-spending super PAC that dropped close to $4 million backing his campaign?
Make Us Great Again, the super PAC set up by Perry’s former chief of staff Mike Toomey has yet to file a financial disclosure with the Federal Election Commission, but based on its spending, it appears to be the biggest of the super PACs left orphaned so far by the winnowing of the Republican presidential field. The uncertainty over its fate underscores ...
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