Five-Twenty-Sevens in Trouble?

Democrats in Self-Destruct Mode CCXXII

WaTi reports today that Senators McCain & Feingold are not happy with what's going on with all the attack ads being run by "527" groups (brackets in original):

Sen. John McCain threatened yesterday to sue the Federal Election Commission if it fails to enforce federal election laws against groups that use "soft money" to influence presidential and congressional races.

"Senator [Russell D.] Feingold is right, use of soft money contributions by '527 groups' whose major purpose is to affect federal elections is not legal," the Arizona Republican said in a Senate Rules and Administration Committee hearing yesterday.

"If the FEC decides not to enforce the laws or fails to act I will go to the courts," he said, giving the FEC an April deadline.

A "527 group," named for the section of the IRS code under which it files taxes, is a private nonprofit political organization with the primary goal of influencing elections at the state and local level.

A large number of 527 groups, most with ties to the Democratic Party, have been created recently. On Tuesday, President Bush's re-election campaign asked the FEC to investigate whether a $5 million, 17-state TV ad campaign by a 527 group, the Media Fund, is illegal. The ad names Mr. Bush and says "it's time to take our country back."

The Media Fund, along with groups such as MoveOn.org, has been financed with huge amounts of "soft money," unregulated contributions from corporations, unions and businesses.

If the Media Fund or MoveOn.org were found to have as a primary goal affecting the election of House, Senate or presidential candidates, limits would kick in on how much any one individual, union or corporation could give to the group. It also would have to submit to a variety of federal regulations on registrations and quarterly reports on contributions and expenditures.

The Media Fund has been generously subsidized by liberal billionaire George Soros, who has said he wants to defeat Mr. Bush in November and has compared the president to Nazi dictator Adolf Hitler.

According to Mr. McCain and Mr. Feingold, some "527 groups" are being dishonest in denying that their goal is to influence federal elections....

See also George Soros, Call Your Office and "The Bubble of American Supremacy".

Lane Core Jr. CIW P — Thu. 03/11/04 05:29:44 PM
Categorized as Democrats in Self-Destruct Mode.