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Internet loophole

Hey, George Soros! You're sending sackloads of cash to all sorts of groups dedicated to defeating President Bush this November. But by so ruthlessly exploiting one loophole in campaign-finance law -- the one that allows unlimited donations to the political nonprofits known as 527 committees -- you're ignoring a different, equally large loophole. And it's one that affects a medium no one seems to be taking advantage of yet: the Internet.

The Bipartisan Campaign Finance Reform Act of 2002, popularly known as McCain-Feingold, had two big goals: stopping the flow of unlimited soft-money donations from corporations, individuals, and unions to political parties; and preventing corporations and unions (and groups funded by corporations and unions) from broadcasting so-called "issue ads" on television and radio within 30 days of a primary and 60 days of the general election. The Internet makes it possible to subvert both goals, however, and that's where you come in, Mr. Soros. -- Tell George Soros! Three reasons to spend campaign cash online. By Chris Suellentrop (Slate)