A New Channel for Soft Money Appears in Race

NY Times ^ | November 12, 2007 | JIM RUTENBERG and DAVID D. KIRKPATRICK

[neverdem]

The so-called Wounded Warriors Act, legislation intended to improve health care for veterans, has attracted nearly unanimous, bipartisan support in Congress. So why would the newly formed Foundation for a Secure and Prosperous America begin running a television commercial urging the citizens of South Carolina to tell Congress to pass it?

The answer lies in the commercial’s glowing images of Senator John McCain, the Arizona Republican banking on a South Carolina victory to jump-start his cash-poor Republican primary campaign. The group that paid for the advertisement operates independently of Mr. McCain’s campaign, but was set up and financed by his supporters seeking to help him as much as possible up to the limits of the law.

The initial spending on the commercial, according to the group, is modest — commercials on the Fox News Channel in South Carolina only — but it represents the first trickle in a flood of hundreds of millions of dollars that are expected to pour from all sides into groups reminiscent of the Swift Boat Veterans for Truth of 2004, built to influence voting outside of campaign law limitations. The amount could swamp the record-breaking tens of millions that the top candidates are raising for their own, closely regulated campaign accounts.

Mr. McCain has crusaded for years against just this sort of unencumbered political spending and has publicly called upon the foundation to stop the advertisement, a request competitors say seems half-hearted and the group’s leader has ignored.

Thanks to a recent decision by the Supreme Court, most of these groups, including the McCain-friendly foundation, will be able to operate with even less public disclosure than such entities did in 2004.

Fortunes are massing to support candidates from across the political spectrum. Two weeks ago, for example, a group including the Hollywood producer Steve Bing...

[neverdem]

Jim Cole/Associated Press
Senator John McCain at a Veterans Day ceremony Sunday in New Hampshire. Mr. McCain, an opponent of unlimited spending, has asked an interest group to end an ad featuring him.

[KoRn]

In that picture, McCain looks like an old “Agent Smith”. lol

[wolfcreek]

From their site:

“Contributions to FSPA are not deductible as charitable contributions. There is no limit on the amount that can be contributed, and there is no public disclosure under the tax rules of the identity of donors”