Makes me sick & will destroy Our Republic.
Super PACs
Super PACs are a new kind of political action committee created in July 2010 following the outcome of a federal court case known as SpeechNow.org v. Federal Election Commission.
Technically known as independent expenditure-only committees, Super PACs may raise unlimited sums of money from corporations, unions, associations and individuals, then spend unlimited sums to overtly advocate for or against political candidates. Super PACs must, however, report their donors to the Federal Election Commission on a monthly or quarterly basis -- the Super PAC's choice -- as a traditional PAC would. Unlike traditional PACs, Super PACs are prohibited from donating money directly to political candidates.
As of June 03, 2012, 577 groups organized as Super PACs have reported total receipts of $220,402,641 and total independent expenditures of $115,870,915 in the 2012 cycle. See more on Outside Spending.
http://www.opensecrets.org/pacs/superpacs.php?cycle=2012
DO SOMETHING!
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