corporations can't give money directly to political candidates or elected officials can they?

mdmc

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Wed Jun-10-09 11:09 PM
Original message

corporations can't give money directly to political candidates or elected officials can they?

Individuals that work in a corporation can donate, but the company itself, cannot. Is that correct?

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marybourg

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Wed Jun-10-09 11:18 PM
Response to Original message

1. Here's what corporations are told:

http://library.findlaw.com/2002/Aug/14/131015.html

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Mind_your_head

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Wed Jun-10-09 11:26 PM
Response to Original message

2. Oh c'mon......you can't "gift" more than (I think) $20,000 to a person.....

....so the rich (who can "think outside of the box" ~ as we ALL should).....let's say give $20,000 to each of their four friends, who then "gift" it back to the daughter who is suffering from cancer and needs it to pay her bills.

Simple. That's how it REALLY works for people who have a "little bit-o-money"....AND the rich.

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mdmc

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Fri Jun-12-09 06:49 AM
Response to Reply #2

6. got it

bundling....

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Eric J in MN

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Wed Jun-10-09 11:51 PM
Response to Original message

3. Corporations can create PACs which donate.

The PACs get money from managers or employees, not directly from the corporate treasury.

The corporation itself can't donate.

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Amonester

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Thu Jun-11-09 12:02 AM
Response to Reply #3

4. The corporation itself can donate to managers or employees,

which then, in turn, "keep" a small percentage for themselves, and donate what they've been told to donate.

Isn't it rich?

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mdmc

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Fri Jun-12-09 06:50 AM
Response to Reply #3

7. thank you

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chill_wind

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Thu Jun-11-09 12:06 AM
Response to Original message

5. Open Secrets. (web site)

Lots of actual examples and data

Top 10 Heavy Hitters
http://www.opensecrets.org/orgs/index.php

Top Individuals for the Top 10 Corps

http://www.opensecrets.org/orgs/indivs.php

Take Goldman Sachs as one example:

http://www.opensecrets.org/orgs/summary.php?id=D000000085

http://www.opensecrets.org/orgs/topindivs.php?id=D000000085

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