Originally posted by NICE MOBIUS
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Originally posted by NICE MOBIUS View PostI'm actually hoping that this is the election cycle that exposes the Super PACs for the liabilty they really should be and that Sanders does an 'Aikido' on them.
lets say
hypothetically
one accepted a lot of cash... in smallish amounts
maybe from... anonymous donors
yeah
super pac helps make those... lonely voices heard... in the political arena
and the organization is a job creator for sure
with all this money, you could almost call this a "green" primaryTo us, it is the BEAST.
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Originally posted by Sava View Postsuper pac's aren't all bad
lets say
hypothetically
one accepted a lot of cash... in smallish amounts
maybe from... anonymous donors
yeah
super pac helps make those... lonely voices heard... in the political arena
and the organization is a job creator for sure
with all this money, you could almost call this a "green" primary
His campaign relies on being the anti-establishment outsider - the mere fact that everyone else uses Super PACs will go against them.
Their mere existence will become a liability - anti-dollars, if you will...
And Bernie Sanders is the antidote...
You mark my words. We are in a world where people are sick of the status quo; a dose of the good old-fashioned politics of attending political rallies; word of mouth and social media at the swipe of a touchscreen.
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Originally posted by Thoth View Postwtf is a "super PAC"?
The origins of 501(c)(4) organizations date back to the Revenue Act of 1913, which created a new group of tax-exempt organizations dedicated to social welfare in a precursor to what is now Internal Revenue Code Section 501(c)(4).[46]
501(c)(4) organizations are generally civic leagues and other corporations operated exclusively for the promotion of "social welfare", such as civics and civics issues, or local associations of employees with membership limited to a designated company or people in a particular municipality or neighborhood, and with net earnings devoted exclusively to charitable, educational, or recreational purposes.[47] An organization is considered by the IRS to be operated exclusively for the promotion of social welfare if it is primarily engaged in promoting the common good and general welfare of the people of the community.[41][48]
501(c)(4) organizations may inform the public on controversial subjects and attempt to influence legislation relevant to its program[49] and, unlike 501(c)(3) organizations, they may also participate in political campaigns and elections, as long as their primary activity is the promotion of social welfare.[50] The tax exemption for 501(c)(4) organizations applies to most of their operations, but income spent on political activities—generally the advocacy of a particular candidate in an election—is taxable.[51] An "action" organization generally qualifies as a 501(c)(4) organization.[52] An "action" organization is one whose activities substantially include, or are exclusively,[53] direct or grassroots lobbying related to advocacy for or against legislation or proposing, supporting, or opposing legislation that is related to its purpose.[54] A 501(c)(4) organization may directly or indirectly support or oppose a candidate for public office as long as such activities are not a substantial amount of its activities.[41][55]
Contributions to 501(c)(4) organizations are usually not deductible as charitable contributions for U.S. federal income tax, with a few exceptions.[56] Dues or contributions to 501(c)(4) organizations may be deductible as a business expense under IRC 162, although amounts paid for intervention or participation in any political campaign, direct lobbying, grass roots lobbying, and contact with certain federal officials are not deductible.[57] If a 501(c)(4) engages in a substantial amount of these activities, then only the amount of dues or contributions that can be attributed to other activities may be deductible as a business expense.[58] The organization has to provide a notice to its members containing a reasonable estimate of the amount related to lobbying and political campaign expenditures, or else it is subject to a proxy tax on its lobbying and political campaign expenditures. It must also state that contributions to the organization are not deductible as charitable contributions during fundraising.[57]
501(c)(4) organizations are not required to disclose their donors publicly.[59] The lack of disclosure has led to extensive use of the 501(c)(4) provisions for organizations that are actively involved in lobbying, and has become controversial.[60][61] Criticized as "dark money", spending from these organizations on political TV ads has exceeded spending from Super PACs.[62][63] Spending by organizations that do not disclose their donors has increased from less than $5.2 million in 2006 to well over $300 million in the 2012 election.[64]
The use of 501(c)4's has been affected by the 2010 Citizens United decision, in which the Supreme Court struck the part of the McCain-Feingold Act that prohibited for-profit corporations, non-profit corporations, and unions from broadcasting electioneering communications. The Act defined an electioneering communication as a communication, that mentions a candidate's name 60 days before a primary or 30 days before a general election. Through 501(c)4 organizations electioneering communications can since be aired at any time.
To us, it is the BEAST.
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I am amazed to discover that Alice Krige was born in 1954.“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of Man
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