Posts Tagged ‘donoghue

12
Oct
10

patriots! (well, eh, foreign-funded patriots)

ThinkProgress: Foreign-Funded ‘U.S.’ Chamber Of Commerce Running Partisan Attack Ads

Chamber of Commerce President Tom Donohue with his old buddy GBW (April, 2008)

The largest attack campaign against Democrats this fall is being waged by the U.S. Chamber of Commerce, a trade association organized as a 501(c)(6) that can raise and spend unlimited funds without ever disclosing any of its donors.

The Chamber has promised to spend an unprecedented $75 million to defeat candidates like Jack Conway, Sen. Barbara Boxer (D-CA), Jerry Brown, Rep. Joe Sestak (D-PA), and Rep. Tom Perriello (D-VA). As of Sept. 15th, the Chamber had aired more than 8,000  ads on behalf of GOP Senate candidates alone, according to a study from the Wesleyan Media Project.

The Chamber’s spending has dwarfed every other issue group and most political party candidate committee spending. A ThinkProgress investigation has found that the Chamber funds its political attack campaign out of its general account, which solicits foreign funding. And while the Chamber will likely assert it has internal controls, foreign money is fungible, permitting the Chamber to run its unprecedented attack campaign.

According to legal experts consulted by ThinkProgress, the Chamber is likely skirting longstanding campaign finance law that bans the involvement of foreign corporations in American elections.

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