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Wednesday, July 29, 2015

Is Politics a nonprofit? #ChristmasInJuly

I wish Politics was not a money grabbing machine of exponent proportion. Men and Women will pay millions of dollars for a vote and yet not think giving to a nonprofit for health care is worthwhile.

Many small countries in the third world could be solved by some political campaigns budgets.

Yet, a nonprofit can have a Political Action Committee too..yet..its totally not clear

so...is a PAC a nonprofit

From Wikipedia, the free encyclopedia
In the United States, a political action committee (PAC) is a type of organization that pools campaign contributions from members and donates those funds to campaign for or against candidates, ballot initiatives, or legislation.[1][2] The legal term PAC has been created in pursuit of campaign finance reform in the United States. This term is quite specific to all activities of campaign finance in the United States. Democracies of other countries use different terms for the units of campaign spending or spending on political competition (see political finance). At the U.S. federal level, an organization becomes a PAC when it receives or spends more than $2,600 for the purpose of influencing a federal election, according to the Federal Election Campaign Act.[3] At the state level, an organization becomes a PAC according to the state's election laws.
  • Contributions from corporate or labor union treasuries are illegal, though they may sponsor a PAC and provide financial support for its administration and fundraising;
  • Union-affiliated PACs may only solicit contributions from members;
  • Independent PACs may solicit contributions from the general public and must pay their own costs from those funds.
Federal multi-candidate PACs may contribute to candidates as follows:
  • $5,000 to a candidate or candidate committee for each election (primary and general elections count as separate elections);
  • $15,000 to a political party per year; and
  • $5,000 to another PAC per year.
  • PACs may make unlimited expenditures independently of a candidate or political party

I would say No.. a Political Action Committee is NOT a nonprofit. 

Then again why or what value does my opinion have ..well its my blog so there
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