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Corporations Secretly Move Millions to Fund Pollitical Support

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posted on Feb, 7 2010 @ 12:26 PM
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Gaping legal holes allow corporations to spend enormous sums on politics without leaving a paper trail.






The Supreme Court’s seismic January ruling that corporations are free to spend unlimited amounts of their profits to advertise for or against candidates may have been the latest shakeup of campaign finance – but gaping holes already allow corporations to spend enormous sums without leaving a paper trail, a Raw Story investigation has found.




Hmm....so "He with the most money wins?"




Campaign finance experts confirmed that though disclosure rules remained intact in the new Supreme Court decision, there are effective methods to circumvent them.

“One of their favorites right now is spending through trade associations,” Torres-Spelliscy said. Trade associations are considered tax-exempt non-profit organizations under US law. While they must report contributions received from other corporations to the Internal Revenue Service, the document itself remains confidential and is not made available to the public.



It's a mad world we live in. Theres seems to be a loophole for anything.

Do you think that this is fair?

If the loopholes are known, then why isnt it fixed?..............Oh wait, you can probably pay for that also.

Money, truly is power.

Source



posted on Feb, 7 2010 @ 01:14 PM
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Corporations have been using loopholes to buy out DC for decades so this is nothing new and certainly cannot be solely attributed to the supreme court ruling. That being said, the ruling did further the floodgates significantly.



posted on Feb, 7 2010 @ 01:21 PM
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Ah Southern Guardian beat me to it....

So I shall more comment on how even an 'un-biased' source will inevitably attempt to skew and lead readers to a certain conclusion.

With this one, its to connect the ruling with rules that were in always in place and have been circumvented prior to the ruling.



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