(And here's AdamB's post on this at the Big Orange. - promoted by Brian Leubitz)
In the wake of Feburary 5th some of Hillary's major bundlers started floating the idea of financing a Pro-Clinton 527 to try and make up ground on Obama's phenomenal small donor fundraising. Today they are launching it and Roger Salazar, who has served as a spokeman for many a campaign here in California will be running it.
The new pro-Clinton 527, the American Leadership Project, incorporated with the IRS on February 15, and lists as its chief a former Clinton White House deputy press secretary and former Gray Davis aide, Roger Salazar, according to its federal filing.
They are targeting white women under 50 and are running tv, radio and sending mailers. More details here.
The AIP may have some serious FEC problems establishing itself as a 527. MoveOn and other orgs payed huge fines after the 2004 cycle for incorporating that way and doing express advocacy in the presidential election. This is from the press release on the fines from the FEC.
If an organization receives contributions or make expenditures in excess of $1,000, and its major purpose is involvement in campaign activity, it must register with the Commission and abide by the contribution restrictions and reporting requirements of the Federal Election Campaign Act. Each of these entities registered with the Internal Revenue Service as "Section 527" organizations - tax exempt groups whose function is to influence the selection, nomination, election, or appointment of any individual to Federal, State, or local public office or office in a political organization, or the election of Presidential electors.
I imagine we will see an Adam B post on this over at the big orange later today.
[UPDATE] Roger just called. He noted that they have not actually done any campaign work, thus they have not filed with the FEC and therefore could not have broken any laws yet. Indeed this is true. He did confirm to me that they will be operating as a 527. Thus I believe they may have a legal issue once they do start working. Now they may just proceed and deal with any fines afterwards. This is huge soft money and the whole organization is an attempt to get around contribution limits and BCRA. |