Monday, October 18, 2010

Veterans Group Files FEC Complaint Against The Chamber:

Foreign Funds Pose 'Clear And Present Danger' To U.S. Democracy

18 October 2010 - Nonprofits, now emboldened to raise and spend unlimited amounts of money on with no disclosure this election cycle, are beginning to face complaints at the Internal Revenue Service (IRS) and the Federal Election Commission (FEC). While most of these complaints have come from campaign finance reform groups, a veterans organization is jumping into the fray.

On Monday, the Veterans' Alliance for Security and Democracy (VetPAC) filed an FEC complaint against the U.S. Chamber of Commerce to the FEC, alleging that the organization's potential use of foreign funds for political purposes represents a "clear and present danger to our democracy." From the letter to the FEC, obtained by The Huffington Post:

We understand that organizations may have "a reasonable accounting method" to separate funds into their general operations budget. However, the prohibition on foreign nationals indirectly contributing to U.S. elections should require additional scrutiny in the case of organizations such as the U.S. Chamber of Commerce, where even segregated funds within their general operating budget could be said to indirectly finance their campaign work, given the volume of such activity as a percentage of their overall expenditures. [...] {read rest}

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