Wednesday, December 13, 2006

Hitting Below the Waterline

The "Swift Boat Veterans for Truth" have been torpedoed with a $299,000 fine for playing swift and loose with election laws.

The Federal Election Commission ruled that if a 527 organization -- like the Swifties -- have no other purpose other than to act for or against a specific candidate -- they have to register as a political committee.

As a 527, they could accept unlimited contributions. As a political committee, they faced $5,000 limits.

Bob Perry funneled $9 million of his own cash into the Swifties and two other 527s, helping the organization this fine. (TPM, cartoon from

No comments: