|
kalikshama -> RE: So....What Happened With All The Super PACs (11/13/2012 11:02:26 AM)
|
http://thehill.com/blogs/ballot-box/fundraising/267535-colbert-shuts-down-his-super-pac
Comedy Central star Stephen Colbert is shutting down his super-PAC.
The host of the satirical “Colbert Report” posted a letter on his website Monday night announcing the end of his Americans for a Better Tomorrow Tomorrow super-PAC.
The announcement said the super-PAC, which raised more than $1.2 million in the 2012 election cycle, would be shut down “effective immediately.”
Colbert’s super-PAC spent more than $460,000 during the 2012 cycle, with $79,000 going to independent expenditures. The group still had more than $766,000 left in the bank in mid-October, according to the FEC.
Colbert launched the super-PAC in 2011 to draw attention to the organizations that dominated the 2012 cycle.
The super-PACs came into force after the Supreme Court struck down congressional restrictions on campaign finance in the Citizens United decision. The PACs can take unlimited donations, and many do not have to reveal their donors. They are not allowed to coordinate with a candidate’s campaign.
The comedian joked that “Ham Rove,” a fictional character parodying GOP operative Karl Rove, had died, necessitating the end of the super-PAC.
“Due to Ham Rove’s timely passing, I am announcing that Colbert super-PAC is shutting down effective immediately,” Colbert wrote.
“During this time of mourning, we ask that you respect our privacy, and more importantly, the privacy of our money. It wishes to stay out of the public eye, so please don't go trying to find it. Rest assured, you won't. We have a really good lawyer."
|
|
|
|
