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New Stealth PACs Report
New Stealth PACs Report
Posted on 09-20-2004 12:38 AM EDT
Exploiting loose regulations and lax oversight, "New Stealth PACs" have poured millions of dollars into elections without revealing the identities of their donors or how they spend their money to influence elections, according to a new report by Public Citizen.
Public Citizen estimates that at least $91 million – and almost certainly many millions more – was spent by 26 non-profit groups registered under Section 501(c) of the tax code to influence at least 117 contests in 2000 and 2002. In 2004, at least thirteen 501(c) groups have been active.
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