Friday, August 19, 2005

527's are outpacing their 2004 fundraising efforts...

It looks like the 527's are gearing up to make some noise in 2006. From The Hill,

Soft-money political committees are well ahead of their fundraising pace for the 2004 election cycle, raising more than $48 million in the first six months of this year, according to a review of fundraising totals

Known as 527 groups, after a section of the tax code, the 30 groups that raised the most this election cycle have raised $48.3 million through the end of June, putting them on pace to raise at least twice that much by the end of the year.

The 527's levelled the electoral playing field for Democrats in 2004. The Democrats had a distinct fundraising advantage and thus far that advantage is holding firm,

Of the 30 groups that have raised the most money this year, 19 are either clearly affiliated with labor unions or allied with the Democratic Party. Only eight of the groups were clearly allied with the Republican Party.

The Democratic-leaning groups raised more than $28 million through the end of June. The eight Republican-allied groups raised $18.2 million.


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