What Is Dark Money And How Does It Influence Elections?
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The 2016 presidential race is already awash in money on a historic scale. More than ever, candidates are running on large, undisclosed donations, known as “dark money”. So, what is dark money, and how does it influence elections? Well, any election funding that comes from groups who don’t need to disclose their donors is described as “dark money”. Shady donor groups generally come in two forms: politically active nonprofits, like social welfare and trade organizations, or Limited Liability Corporations, also knowns as LLCs. Like SuperPacs, dark money groups can funnel an unlimited amount of money to any political cause or candidate. However, because of their position in the federal tax code, they are not required to publicly disclose the source of that money. This particula...
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The 2016 presidential race is already awash in money on a historic scale. More than ever, candidates are running on large, undisclosed donations, known as “dark money”. So, what is dark money, and how does it influence elections? Well, any election funding that comes from groups who don’t need to disclose their donors is described as “dark money”. Shady donor groups generally come in two forms: politically active nonprofits, like social welfare and trade organizations, or Limited Liability Corporations, also knowns as LLCs. Like SuperPacs, dark money groups can funnel an unlimited amount of money to any political cause or candidate. However, because of their position in the federal tax code, they are not required to publicly disclose the source of that money. This particula...
