posted on Oct, 3 2012 @ 05:51 PM
Originally posted by charles1952
reply to post by SaneThinking
You may want to consider editing your post. As far as I understand it, it is illegal for presidential candidates to receive contributions from
foreign citizens. Unless, of course, you happen to be an American living in Canada?
with the new supreme court ruling "citizens united" (stupid name), a foreign person can put unlimited money, into a super pac, where the donors name
is kept secret.
In addition to indirectly providing support for the creation of super PACs, Citizens United allowed incorporated 501(c)(4) public advocacy groups
(such as the National Rifle Association or Sierra Club, or the group Citizens United itself) and trade associations to make expenditures in political
races. Such groups may not, under the tax code, have a primary purpose of engaging in electoral advocacy. These organizations must disclose their
expenditures, but unlike super PACs they do not have to include the names of their donors in their FEC filings. A number of partisan organizations,
such as Karl Rove's influential conservative Crossroads Grassroots Policy Strategies or the liberal 21st Century Colorado, have since registered as
tax-exempt 501(c)(4) groups (defined as groups promoting "social welfare") and engaged in substantial political spending. This has led to
claims of large secret donations, and questions about whether such groups should be required to disclose their donors.[who?] Historically, such
non-profits have not been required to disclose their donors or names of members. See National Association for the Advancement of Colored People v.
it's right there in plain english....any drug kingpin, dictator, king, emirate, party chairman, al queda moneyman, mullah, foreign billionaire...etc.
can put money into a SUPERPAC, and can keep secret who the donor is.