Democrat Groups Raise More 'Soft Money'

[NVMojo]

And this is probably why the move for the new campaign finance proposed rule posted here...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x1426451


WASHINGTON (AP) -

Whatever the reasons John Kerry and the Democrats lost the race for the White House, lack of money wasn't one. Tax-exempt pro-Democratic groups raising big checks for this year's election collected almost twice as much money as their Republican rivals in the presidential race, a study shows. The financial advantage comes in addition to record fund raising by Kerry, the unsuccessful candidate, and the Democratic Party.

In all, nonparty political groups, known as 527s because of the tax code section that covers them, raised about $534 million and spent roughly $544 million in the 2003-04 election cycle, the analysis by the nonpartisan Political Money Line campaign finance tracking service found.

The presidential race drew most of their attention. Groups supporting John Kerry or opposing President Bush raised $266 million. Those opposing Kerry or backing Bush collected $144 million, the Political Money Line said. The study was based on a review of the organizations' postelection campaign finance reports to the Internal Revenue Service.

more ...

http://www.lasvegassun.com/sunbin/stories/nat-gen/2004/dec/12/121209151.html