Friday, May 11th, 2007
Nifty End-Run
501(c)(4). As you may know, C-4 is a military-grade munition. Very explosive. As it happens, the 501(c)(4) has excellent explosive qualities as well - in the political arena.
According to the I.R.S., it's a tax-exempt organization primarily devoted to serving the common good.
While nobody knows what that is, the designation provides exeptional cover in that donations to such an organization are uncapped - and can be made anonymously. Literally hundreds of millions of dollars can be funneled into such organizations to fund political ads - as long as the organization in question can claim that politics is not is primary function.

