by Eliza Newlin CarneyIn an election that until lately has been dominated by super PACs, politically active nonprofits are the new bad guys, drawing ethics complaints, letters to the IRS and legislative action.
by Ian Duncan and Matea GoldReporting from Washington— A longstanding ban on political spending by federal contractors has not stopped some from giving money to a “super PAC” backing Republican presidential candidate Mitt Romney, as The Times reported Monday, despite questions about the legality of such donations. Other federal contractors have found an easy way around the ban to support their favorite candidates.
by Justin ElliottThe Supreme Court’s 2010 Citizens United decision opened the way for unlimited corporate spending on politics and has led to the proliferation of nonprofit political groups that do not have to disclose the identities of their donors. But corporations may be getting another benefit from anonymous donations to these groups: a break on their taxes.
by Alexander BurnsRick Santorum’s campaign and super PAC have been outspent by a margin of 7 to 1 in the Illinois primary, with forces supporting Mitt Romney shelling out a total of about $3.7 million on the airwaves, according to a GOP media-buying source.
EditorialShareholder proxy season is coming up, and along with it a new batch of politicized shareholder resolutions. The underreported story this year is the flowering of a long-planned political campaign intended to stop companies from exercising their free-speech rights to influence government. Corporate directors need to know what they’re up against.
by Todd ShieldsCBS and News Corp.’s Fox are among broadcasters fighting a plan to post names of campaign-ad buyers and purchase prices on the Web as record election spending raises concerns over anonymous political contributions.
EditorialSince the Federal Election Commission has shown itself to be virtually incapable of ensuring transparency in campaign finance, it would be nice if someone else picked up the slack. It turns out someone can.
Candidates and parties
by Nicholas ConfessorePresident Obama raised $45 million in February, his campaign announced on Monday, a significant increase over the $29.1 million he raised in January. Mitt Romney raised $11.5 million for the same month, according to his campaign. And Rick Santorum’s campaign said on Monday that he had raised more than $9 million, almost as much as Mr. Romney.
by Amie ParnesFor some Obama supporters, the presidential campaign’s fundraising totals, released Monday, might have left something to be desired.
Devin DwyerFor the second consecutive month, President Obama has fallen off the record-setting fundraising pace he set four years ago.