It would appear that there’s a new worry on the block for campaign finance reformers. A piece inProPublica gives voice to what is undoubtedly the next big scare as SuperPACs continue to dominate headlines in the run-up to the 2012 Presidential election: will 501(c)(4) organizations be created and used as a way to funnel unlimited amounts of money to candidate-related SuperPACs as an end-run around disclosure legislation? Reporter Marian Wang propses the following scenario:
[Texas Governor Rick] Perry’s allies also just launched a new nonprofit, Citizens for a Greater America, which will also be able to take in unlimited funds while keeping donors secret. iWatch News posted a fact sheet on the new group that it traced to a Perry fundraiser who had received it from Mike Toomey, Perry’s close ally and former chief of staff.
The efforts could be the start of a new trend in campaign finance — nonprofits started by allies of a specific candidate that can be used as conduits for undisclosed donations. Together with those so-called candidate-specific super PACs, the two groups make a powerful pair, allowing supporters to donate to support specific candidates with few restrictions and, if so desired, with no disclosure.