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Money in Politics- Colbert Report - Super PACs

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James Bunker

on 18 January 2018

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Transcript of Money in Politics- Colbert Report - Super PACs

Super PAC & c4
What is a PAC ?
Super PACS
Super PAC
Peabody award : "innovative means of teaching American viewers about the landmark court decision"

Raised 800 000 $

$125,000 to 4 charities
The remaining money was split between the Campaign Legal Center and the Center for Responsive Politics
The Colbert Super PAC
Colbert campaign
Money in Politics
Colbert Report - Super PACs

Super PAC
Unlimited amount of money from corporations, unions and associations.

Regular PAC form

Letter to the Commission
Simple legal form

formed by individuals

limited amount of money :$5,000 per year per individual

No corporate support except for the administration fees
What is a PAC ?
The PAC in brief
A simple form to fill to create your connected PAC with limited amounts of money authorized:

$5,000 to a candidate for each election
$15,000 to a political party per year
$5,000 to another PAC per year
The 501 (c)(4) form
Legal document for a shell corporation to hide a political support for a candidate
With that form, companies remain confidential regarding their Super PAC
Colbert can elect himself as the sole director of his Super PAC
Unlimited & anonymous amounts
Political action committee
Group of individuals who gather to raise and spend money to influence a political campaign
1947: Taft-Hartley Act
1971: Federal Election Campaign Act with amendments which define a PAC and restrict the amounts of money
Money in Politics
History of
Corporate Personhood
Money and Policy
Full transcript