Huffington Post: Karl Rove’s Donor Plan Could Run Afoul Of IRS, Congressional Report Suggests

-By Dan Froomkin

August 31, 2012- WASHINGTON — A new report from Congress' nonpartisan research arm suggests that the Internal Revenue Service won't have much patience with the argument from groups like Karl Rove's Crossroads GPS that the ads it buys shouldn't be counted as political campaign activity.

The claim that ads attacking candidates aren't political — as long as they avoid words like "vote" or "elect" — is key to the empire of shadowy non-disclosing political groups that Rove, the Koch Brothers and other major political players have created.

By insisting that most of their budget goes toward "issue advocacy," rather than influencing elections, these groups exploit a loophole that allows certain non-political groups to keep their donors secret.

Read More

Bloomberg: Exclusive: Inside Karl Rove’s Billionaire Fundraiser

-By Sheelah Kolhatkar

August 31, 2012- On the final morning of the Republican National Convention, Karl Rove took the stage at the Tampa Club to provide an exclusive breakfast briefing to about 70 of the Republican Party’s highest-earning and most powerful donors. During the more than hour-long session, Rove explained to an audience dotted with hedge fund billionaires and investors—including John Paulson and Wilbur Ross—how his super PAC, American Crossroads, will persuade undecided voters in crucial swing states to vote against Barack Obama. He also detailed plans for Senate and House races, and joked, “We should sink Todd Akin. If he’s found mysteriously murdered, don’t look for my whereabouts!”

Then Rove pleaded with his audience for more money—much more.

Read More

RAW Story: Karl Rove’s Crossroads GPS faces third FEC complaint

-By Eric W. Dolan

July 25, 2012- A third complaint has been filed with the Federal Election Commission alleging that Crossroads GPS, a group co-founded by Republican strategist Karl Rove, has been unlawfully hiding its donors from the public by masquerading as a “social welfare” organization.

Citizens for Responsibility and Ethics in Washington (CREW) filed the complaint on Tuesday, claiming the pro-Republican group failed to report TV ads it ran against three Democratic Senate candidates to the FEC.

“Crossroads GPS wants to have its cake and eat it too. Karl Rove’s secretive 501(c)(4) wants to run political ads without complying with the disclosure rules applicable to such ads,” said CREW Executive Director Melanie Sloan. “By disguising political ads as issue ads, Crossroads is trying to do an end run around the law.”

Read More

ABC News: What Romney’s Donors Heard at This Weekend’s Retreat

-By Arlette Saenz and Shushannah Walshe

June 24, 2012- Mitt Romney’s donors attended a golf outing today at the Red Ledges Gold Club in Heber, Utah, but the excitement was really what went on Friday and Saturday at the events and panels. Romney’s top donors were treated to panels on specialized policy topics, such as healthcare or the financial services industry, heard speeches from stars of the Republican Party, such as former Secretary of State Condoleezza Rice and former Florida Gov. Jeb Bush, and were granted access to the presidential candidate’s senior advisors for information about the inner workings of the campaign. All events were closed to reporters, but ABC News has the rundown of some of what these donors were privileged to hear.

Read More

Huffington Post: Bob Bauer, Obama Campaign’s Top Lawyer, Demands Retraction From Karl Rove

-By Sam Stein

June 21, 2012- The Obama campaign's top lawyer fired off a letter to Karl Rove Thursday, demanding a retraction of a "mystifying" comment Rove made and raising questions about his upcoming appearance at a Mitt Romney campaign event.

The letter is the second that Bob Bauer has sent to Rove this week. The first argued that Rove could no longer insist that his advocacy group, Crossroads GPS, was policy oriented — a distinction that allowed it to shield the names of its donors. The follow-up letter, obtained by The Huffington Post, makes that same point, arguing that there is no "social welfare" component to the group's operations.

Read More

Huffington Post: Sheldon Adelson To Lavish $71 Million In Casino Money On GOP Super PACS, Nonprofits

-By Peter H Stone

June 16, 2012- Casino billionaire Sheldon Adelson, whose net worth makes him one of the world's richest men, is on a check-writing spree that will soon bring his total political contributions in this election cycle to at least $71 million, according to sources familiar with his spending. That money is spread across the spectrum of GOP super PACs, which are required to disclose donors, and nonprofits, which are not.

Adelson and his wife, Miriam, along with other family donations, have already reached $36 million, including $10 million to the Romney-backing super PAC Restore Our Future that was reported this week. But two GOP fundraisers familiar with his plans say that Adelson has given or pledged at least $35 million more to three conservative nonprofit groups: the Karl Rove-linked Crossroads GPS, another with ties to billionaires Charles and David Koch and a third with links to House Majority Leader Eric Cantor (R-Va.).

Read More

Huffington Post: Political Consultants, Media Buyers Gorge On Secret Honey Pot

-By Dan Froomkin & Paul Blumenthal

June 9, 2012- WASHINGTON — Secret campaign money is making its big comeback in 2012, playing an important role in a presidential election for the first time since corporate titans flew into the nation's capital in the early 1970s carrying satchels of cash for Richard Nixon’s slush funds.

For the country's top political consultants and media buyers, that means a huge new revenue stream — and long shadows to hide in.

Campaign committees and super PACs need to report to the Federal Election Commission who they pay and how much they pay them. According to a Huffington Post analysis, the top 150 consultants and media buyers have already grossed $466 million so far this election cycle.

Read More

1 2 3 4 5 6