As Election Nears, Groups Plan Negative Ads

AS ELECTION NEARS, GROUPS PLAN NEGATIVE ADS
[SOURCE: New York Times, AUTHOR: John Broder]
Expect a boatload of negative political advertising to appear in the weeks before the Nov. 7 election. Many of the advertisements will be produced by independent organizations known as 527 groups, after the provision in the tax code that allows such groups to spend virtually unlimited sums on political activity as long as it is not formally coordinated with parties or candidates. The 527 groups had raised nearly $200 million as of June 30, much of which appears to be available to be spent on pre-election activities. And if past trends hold, the total raised and spent by the groups on this election will surpass $300 million, eclipsing the $258 million spent by such groups in the last midterm election, in 2002. The increase is striking because the campaign finance law enacted in 2002 now forbids federal elected officials and candidates from operating their own 527 groups. In 2002, committees maintained by such officials raised about a third of the total dollars for the groups.
http://www.nytimes.com/2006/10/11/us/politics/11donate.html
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