Site Slowness... - We are aware of the general slowness and are looking into it. Thank you for your patience...

Super PAC loophole (Colbert)

Discussion in 'General Discussion' started by WhiskyPriest, Nov 13, 2012.

  1. WhiskyPriest

    WhiskyPriest Well-Known Member

    1,896
    191
    63
    May 26, 2010
    Hey Guys,

    I haven't posted that much in the past few months, but I do know there are a couple of posters on this board that know a bit about laws, taxes, and such. Stephen Colbert had a bit on his show where he exposed a loophole involving the Super PAC financials. He claims that the money raised for the Super PAC can more or less disappear, and even avoid the IRS. I found it interesting, but I am somewhat skeptical (it is comedy central after all).

    I'm just curious to see what everyone thinks about it.

    (I attempted to embed the clip, but it failed spectacularly)

    Here is the link...

    https://www.colbertnation.com/the-colbert-report-videos/421160/november-12-2012/colbert-super-pac-shh----secret-second-501c4---trevor-potter
     
  2. One Brow

    One Brow Well-Known Member

    9,590
    449
    83
    May 26, 2010
    It is indeed Comedy Central, but I find that information quite easy to believe, and I think it is true. The whole point of that series has been to show how incredibly silly and lax our current campaign finanace laws are.
     
  3. The Thriller

    The Thriller Well-Known Member

    12,277
    799
    148
    Jun 8, 2010
    Unfortunately, we cannot get rid of these tax loopholes because many in Congress have sworn oaths to never ever ever ever raise taxes. They consider closing tax loopholes to be a form of raising taxes.

    Sad day in American indeed...
     
  4. UGLI baby

    UGLI baby Well-Known Member

    33,145
    1,726
    113
    May 26, 2010
    Pac12
     
    WhiskyPriest likes this.
  5. Chris-L

    Chris-L Well-Known Member

    6,841
    495
    83
    Sep 3, 2011
    go jazz!!!
     
  6. colton

    colton All Around Nice Guy Staff Member

    10,514
    733
    148
    May 25, 2010
    Yes, from everything I've read, Colbert's Super PAC sequence has been 100% accurate. This episode include. It's shameful, and good for Colbert for shining some light on the situation.
     
    WhiskyPriest likes this.
  7. WhiskyPriest

    WhiskyPriest Well-Known Member

    1,896
    191
    63
    May 26, 2010
    It's kind of sad when comedy central becomes one of, or maybe the, best source of honest criticism of governmental policies. I'm not comfortable with the enormous amount of loopholes in this Super-Pac stuff.
     
  8. Sirkickyass

    Sirkickyass Moderator Emeritus Moderator

    5,808
    455
    83
    May 25, 2010
    I called one of my law school classmates who works for Trevor Potter and he indicated that information provided was accurate. Then, just to make me feel bad, he attached a photo of the peabody he won for working on the Colber SuperPAC segments. It worked.
     

Share This Page