President Bush asked Senator John McCain to assist in stopping all “527” ads today. As predicted, Bush has taken the lead in dealing with the problem, while the silence from the Kerry campaign is deafening.
While I was expecting Bush to take the lead on this, I wasn’t expecting it this soon and I didn’t expect him to draw in John McCain.
The fact of the matter is that Kerry needs the 527s to hurt Bush so he won’t denounce them.
Definition: "527 organization": According to the IRS, a Section 527 (§527) organization is an organization that is created to receive and disburse funds to influence or attempt to influence the nomination, election, appointment or defeat of candidates for public office. Unlike Political Action Committees (PACs), they have no limit on what they can spend to attack or defend candidates. This is considered "soft money" that has been the subject of much debate in Congress in recent months.
The good news is that 527s are required by law to stop their campaigns 30 days prior to a primary election and 60 days prior to a general election. However, this is being challenged in court right now as the 527s want to keep going. Other 527s are spending millions on ads that haven't been released yet.
No comments:
Post a Comment