CNN: Koch brothers’ network launches new super PAC

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CNN: Koch brothers’ network launches new super PAC

Money in politics shouldn’t be unlimited or untraceable.

But Citizens United has made that the reality: People like the Koch brothers can pour massive amounts of money into our elections while subject to little oversight.

When it comes to who is influencing politics, Americans shouldn’t be left in the dark. That’s why Sherrod fights for transparency—and against decisions like Citizens United that degrade our democracy. If you’re with him, show your support now:

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CNN: Koch brothers’ network launches new super PAC

David Wright – September 10, 2018

Key points:

  • Americans for Prosperity, the sprawling Koch political network, announced Monday the launch of a new super PAC arm as the organization gears up for the final stretch of the 2018 midterms.
  • The super PAC, called “AFP Action,” will operate independently of the network’s preexisting 501(c)(4) nonprofit and with some key advantages.
  • Per campaign finance laws, the new group will be able to spend unlimited sums on election activities while being subject to some loose disclosure requirements, The nonprofit arm, however, is subject to even looser disclosure requirements but must dedicate a portion of their spending to “social welfare” activities that cannot explicitly target elections.
  • The Supreme Court’s landmark Citizens United decision in 2010 opened up a new era of loose regulation in campaign finance.
  • The Koch network had already pledged to spend over $400 million on the 2018 midterm elections before the launch of the new super PAC this week.

Read more here.