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Chamber of Commerce Denies Foreign Money Funding Campaign Ads
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Contributor | Homegrown Democrat |
Last Edited | Homegrown Democrat Oct 05, 2010 04:24pm |
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Category | Scandal |
Author | Brian Montopoli |
Media | TV News - Columbia Broadcasting System CBS News |
News Date | Tuesday, October 5, 2010 08:30:00 PM UTC0:0 |
Description | The U.S. Chamber of Commerce, the conservative business lobbying group that has vowed to spend $75 million to influence the midterm elections, is denying a report from a liberal group that it is using money from foreign corporations on campaign ads.
"These accusations are completely erroneous," Tita Freeman, vice president of communications for the Chamber, said in a statement. "... No foreign money is used to fund political activities."
The website Think Progress today said its investigation showed that the Chamber "funds its political attack campaign out of its general account, which solicits foreign funding." It suggested that "the Chamber is likely skirting longstanding campaign finance law that bans the involvement of foreign corporations in American elections."
The details of the allegations are a little complicated, but to put it as simply as possible: Think Progress is alleging that foreign chapters of the Chamber in places like Bahrain (which are known as "AmChams") funnel money to the U.S. Chamber. That money, Think Progress says, ends up in the fund that pays for campaign ads. |
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