Without Another Dominate 2014 Election Issue, Could Dark Money Become It? Its the home stretch of the 2014 election season. No single theme or issue has dominated the midterms, but 2014 is on pace to be the Year of Dark Money. According to the Center for Responsive Politics, dark-money groups—nonprofits created under the 501(c)(4) [2] and (c)(6) [3] sections of the US tax code—had by then surpassed $50 million on elections. These groups, unlike political action committees and candidates campaigns, do not have to disclose their donors. So some of the key players looking to sway election results remain in the shadows. This was a new record and seven times the amount of dark money spent by the same point on House and Senate elections in 2010. This cycle is not a presidential year, but with the US Senate up for grabs, dark-money spending could surpass the record-setting amount of 2012. If the rate of spending from previous cycles continues, Center for Responsive Politics Robert Maguire writes, the totals could reach upwards of $730 million or—if the rate seen in the last midterm holds—edge close to $1 billion. With Dark Money expenditures potentially reaching $1 billion this year, what return on their Dark Money investment do these billionaires expect? motherjones/politics/2014/09/dark-money-2014-elections-house-senate
Posted on: Sun, 21 Sep 2014 16:33:15 +0000
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