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View Diary: This is for you, Its the Supreme Court, Stupid (216 comments)

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  •  I have a question (1+ / 0-)
    Recommended by:
    pgm 01

    What's the difference between a super pac and a pac?

    Is it just the ability to take in unlimited funds?

    •  You should try to catch up on what Colbert (0+ / 0-)

      has been doing on his show, he has done an amazing job of showing how the system works by actually using it. He makes it easier to understand while showing just how absurd and dangerous the whole system is.  

      A PAC shows who donated to it, a Super PAC does not have to.  

      Colbert likens his 501 (c)(4) to a "Campaign finance glory hole": "You stick your money in the hole, the other person accepts your donation, and because it's happening anonymously, no one feels dirty!"

      As a super PAC the organization can raise unlimited sums of money from corporations, unions and other groups, as well as wealthy individuals.[2][3] Speaking in character, Colbert said the money will be raised not only for political ads, but also “normal administrative expenses, including but not limited to, luxury hotel stays, private jet travel, and PAC mementos from Saks Fifth Avenue and Neiman Marcus.”[4]
      In an email to his suporters Colbert explained how his 501(C)(4) can be used to legally launder anonymous donations to his Super PAC, “Americans for a Better Tomorrow, Tomorrow.”

          As you know, when we began Colbert Super PAC, we had a simple dream; to use the Supreme Court’s Citizens’ United ruling to fashion a massive money cannon that would make all those who seek the White House quake with fear and beg our allegiance…in strict accordance with federal election law.

          And you’ve responded generously; giving your (or, possibly, your parents’) hard-earned money in record numbers. And although we value those donations, we were somewhat surprised to note that none of them ended in “-illion.”

          That is why I formed the Colbert Super PAC S.H.H., a 501(c)(4), to help lure the big donors. As anybody who thumbs through the tax code on the toilet knows, a 501(c)(4) organization is a nonprofit that can take unlimited donations and never has to report the donors. This should be especially helpful considering that establishing this new 501(c)(4) has quadrupled our parentheses budget.

          Already, we have gotten a massive donation from [NAME WITHHELD], a kind and [ADJECTIVE WITHHELD] person who only wants to [OBJECTIVE WITHHELD].”[13]


      From Wikipedia

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