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Clips Round-up for 7/8/11

Submitted by akumar@publicam... on Fri, 07/08/2011 - 14:13
Campaign Finance/Fair Elections

Has the tide turned in favor of disclosure? Revealing money in politics after Citizens United and Doe v. Reed

Ciara Torres-Spelliscy has this paper in the Georgia State University Law Review. The abstract begins: "This article will cover a short but tumultuous period in the history of campaign finance disclosure law from 2007 to 2010 to highlight the dramatic 180 degree turn that the law has taken on the issue of the constitutionality of disclosure within the past four years."

IRS halts gift tax enforcement for contributions to political nonprofits

And the IRS is giving up on its look into the gift tax for donors that give to 501c(4) groups.

Congress/2012

Mike Simpson rewards big campaign donors
Rep. Mike Simpson (R-ID) led his subcommittee to pass a pretty nasty energy appropriations bill yesterday--and he took big bucks from the industries benefitting. 

Corporate jet industry to fight to keep tax breaks
On the news of the terrible job reports today, this fight seems especially tone deaf. See:

"In fighting to hold on to the tax break, the industry has some major backers, with executives from Wal-Mart, J.P. Morgan and many other Fortune 500 companies all flying private jets." And here's Rep. Chris Van Hollen: "This was a very clear symbol of the fact that Republicans are willing to protect big-money interests and loopholes at any cost."

Crossroads blitz targets five Senators

"The conservative group Crossroads GPS is going up with the second leg of its $20 million advertising blitz, including targeting five incumbent Democratic senators and some key House districts with ads on the budget and the national debt."

Kuster's $365k tops Charlie Bass

Another roundup of news stories on second quarter fundraising--including a fairly strong showing for Rep. Charlie Bass' (R-NH) Democratic opponent.

DSCC asking Kochs for cash

LOL: The DSCC sent a fundraising ask into the Koch Brothers. The Kochs respond. Do read this.

Senate panel explores tax holiday for corporate overseas earnings

More movement on the tax repatriation holiday.

Americans for Rick Perry Super PAC files with FEC

Texas Gov. Rick Perry backers get a super PAC.

House Republicans propose slashing Congressional budget

If Congress keeps cutting its own budget, they are going to have to rely even more on lobbyists and special interests to write policy--and low-paid staffers will be concerned about their next job.

Union contributions low in 2011, Rick Perry gets a super PAC and more

Union giving to federal candidates through the first three months of 2011 is doing significantly worse. Meanwhile Texas Gov. Rick Perry forms a Super PAC. 

Other

FOIA request seeks details of Justice Thomas' jet and yacht travel

Common Cause has filed a FOIA request with the U.S. Marshalls seeking information regarding Justice Clarence Thomas' travels.

Gov. Walker responds to campaign finance allegations
Wisconsin Gov. Scott Walker says that the donors to his campaign that exceeded contribution limits are part of accounting problems. 
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