One Guy, $10 Million
April 19, 2012 at 1:56 PM Leave a comment
Think your $20.00 donation to a candidate or a cause counts? Think again. This is what we’re all up against.
Talk about a mega-donor. Of the $28.4 million in donations banked in 2011 by Republican outside money group Crossroads GPS [founded by Karl Rove], a whopping $10 million of it came from just one donor. That’s 35 percent. From one person, or one corporation.
Crossroads GPS, which does not disclose its donors, is the brainchild of GOP political mastermind Karl Rove. Founded in 2010, the group is technically a tax-exempt non-profit, known as a 501(c)(4), that can spend money on political advocacy so long as politicking isn’t the majority of what it does. To comply with federal tax law, Crossroads must focus most of its work on issues, not candidates; otherwise, the group would have to file as a political action committee and reveal its funders. Crossroads’ critics say the group does far too much political advocacy, and that the IRS should not grant the group permanent (c)(4) status.
Crossroads has repeatedly insisted its activities are perfectly legal, and the IRS has not given any clear indication that it is investigating the group.
We must overturn Citizens United otherwise our democracy (such as it is) is doomed.
Entry filed under: 2012 Election, Corporatocracy, Democrats, Including Blue Dogs & "Liberals", Republicans, Including Wingers & "Moderates". Tags: .
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