Canadian-owned firms funding US election campaigns

[JBoy]

http://www.theglobeandmail.com/news/world/americas/us-election/canadian-owned-firms-are-funding-us-election-campaigns/article2343098/

Political action committees affiliated with companies owned by Canadian corporations but based in the United States are pouring money into this year’s U.S. House and Senate races.

Fundraising data provided by the website OpenSecrets.org show American subsidiaries of Canadian companies have formed political action committees that so far have given $163,500 (U.S.) to candidates running in the Congressional elections.

Donations to Republicans were $89,250 (U.S.), compared with $74,250 (U.S.) for Democrats.

Political donations from foreigners are banned in the United States. But there is nothing to stop businesses based in the States but owned by foreign companies from forming entities called political action committees, or PACs, which are then funded by donations from their American employees.

Yeah, what could possibly go wrong with a law that allows this?

[DCKit]

1. Time for Iran to make some token donations. nt