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Tuesday, October 28, 2008

Iowa Independent: Corporations aim to influence state legislative races

Excerpted from this post at Iowa Independent

Two Iowa 527s rake in nearly $1 million in corporate money ...
Corporations, which are banned from making contributions to
candidates, parties or political action committees (PACs), are
nevertheless spending hundreds of thousands of dollars to influence
Iowa's elections. They are doing it with the help of so-called 527
groups. Iowa's 527 groups have been active this year, and could help
determine which party controls the Iowa legislature. Two of Iowa's
largest and most influential 527s have been hard at work lately, using
loopholes in the law to help spread their messages and advance their
political agendas, though most voters may not even know the groups
exist.

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Mike Schramm
Andy Szal

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