Word: 527s
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Over the past year the Democratic and Republican parties and the Kerry and Bush campaigns have spent over $300 million each, making this the most expensive presidential race in American history. And that’s not even counting the hundreds of millions more spent by those now-infamous 527s, like America Coming Together (ACT) and Swift Boat Veterans for Truth, that have drawn so much fire from both right and left...
...whole. He has $125 million at his disposal--including $10 million from billionaire George Soros--which is about seven times what the national Democratic Party spent getting out the vote in 2000. Rosenthal's America Coming Together is the largest of the new political-advocacy organizations known as 527s for the section of the tax code that created them. On Election Day, Rosenthal expects to have 45,000 paid workers on the streets rounding up every Democrat they can find to vote. The secret, he insists, is staying in touch with those he has signed up. "You talk to people...
...illegal immigrants, wheelchair-bound retired people and everyone in between in my twin searches for donations to the Democrats and people not registered to vote. I worked for a series of organizations dedicated to putting Democrats in power, starting with two soft-money organizations (the much-reviled 527s), of the kind George Soros’ billions and Bruce Springsteen’s concerts pay for, and ending with the Minnesota wing of the Kerry campaign...
BUSH His service was honorable, as far as I'm concerned. This debate ought to be about who can lead the war on terror. And that's where I'll conduct it. Look, I know there's a lot of consternation about 527s [groups outside the political parties that can spend unlimited amounts of money to influence elections]. I share the same consternation. When I signed that [campaign-finance-reform] bill, I thought we got rid of this kind of stuff--unregulated soft money, billionaires pouring money into a campaign. I can understand why Senator Kerry is upset with...
...firm as David Norcross, chairman of this week's Republican National Convention. Norcross tells TIME he knew nothing about Schachte's claim. "There's no connection whatsoever," says Bush campaign spokesman Steve Schmidt, accusing the Democrats of hypocrisy, since lawyers helping Kerry have also been linked to anti-Bush 527s. Neither Schachte nor his spokeswoman returned calls for comment. A Kerry spokesman, meanwhile, says Schachte was not even on the boat that day and claims this is only the latest evidence of Bush campaign ties to SBVT...