"Only in its first week of operation, the Obama campaign 501(c)4 is soliciting financing from major corporations like Lockheed Martin, Citi, and Duke Energy, Politico reports.
President Obama’s reelection campaign formally announced its rebirth as “Organizing for Action,” a tax-exempt 501(c)4 on Sunday. With that designation, the group is able to accept unlimited donations and is not required to disclose the identities of those donors, though OFA says they will do so.
The early indication, Politico’s Ken Vogel reports, is those donors will have a distinctly corporate flavor.".........................
Dubbed the “Road Ahead” meeting, the conference was sponsored by a White House-allied trade association called Business Forward, which is funded by major corporations including Microsoft, Walmart and PG&E – each of which sent senior executives to participate in a panel on how to boost American economic competitiveness.
If you are going to have an organization the starts by focusing on how to boost American economic competitiveness, wouldn't it be wise to solicit both donations and participation from successful corporations?
Dubbed the “Road Ahead” meeting, the conference was sponsored by a White House-allied trade association called Business Forward, which is funded by major corporations including Microsoft, Walmart and PG&E – each of which sent senior executives to participate in a panel on how to boost American economic competitiveness.
If you are going to have an organization the starts by focusing on how to boost American economic competitiveness, wouldn't it be wise to solicit both donations and participation from successful corporations?
"As a social welfare nonprofit, organized under the 501(c)(4) section of the tax code, Organizing for Action will be able to raise unlimited sums of money from any type of donor, whether that be an individual, a union or a corporation.
These types of groups came under scrutiny after the Supreme Court's 2010 Citizens United decision enabled them to spend freely on elections, since they are not required to disclose their donors. In fact, the Obama reelection campaign in fundraising appeals routinely attacked the secret money that was funding the 501(c)(4) groups founded by Karl Rove and the billionaire Koch brothers."
