Thursday, January 20, 2005

Did Soros Violate Election Laws?

NewsMax.com reports that a complaint against George Soros has been filed with the Federal Election Commission. Link.
The NLPC alleges that Soros failed to disclose a series of expenditures stemming from his October 2004 speaking tour to several swing states, where he called for the defeat of President Bush. Soros is a major financier of liberal causes.

"This is possibly the largest off-the-books independent expenditure ever run. It's especially important that the FEC look at it, because [his media tour] occurred the month before a very close election in key swing states," Ken Boehm, chairman of the NLPC, told Cybercast News Service.(...)

"Disclosure is the absolute heart of campaign finance law, and Soros' anti-Bush campaign could have potentially shifted the outcome of the presidential election," Boehm added.

McCain-Feingold is a disaster. Instead of soft money going the the political parties, which are answerable to their menbers, to their elected officials and to the public, the law shifts it to the 527s, which in many cases are only answerable to their billionaire funders. And this besides the fact that the law clearly violates the First Amendment (no matter what the Supreme Court says). Let us hope that Congress soon returns to this topic, to replace attempts to cut off funding to campaigns (an imposible task) with strict reporting requirements.


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