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Former soft money not flowing as much to 527's

Contributions to political nonprofits active in federal elections have not kept pace with soft money donations to national party committees in previous election cycles, the nonpartisan Center for Responsive Politics reported [last Friday].

So-called 527 groups, named for the section of the tax code that governs them, raised fewer funds through the first 15 months of the current election cycle than the national political parties raised in soft money over the same amount of time during each of the past two election cycles, the Center's figures show.

From January of last year through March of this year, 527 groups active in federal elections raised $146.4 million, compared to the $212.4 million in soft money the national political parties raised over the same period during the 2002 election cycle. The parties raised $159.3 million in soft money during the first 15 months of the 2000 cycle.

The disparity would be even greater if contributions to 527s in 2002 and 2000 were coupled with party soft money raised during those cycles. The Center's calculations include 527 contributions only in the current cycle, the first in which such groups have been required to file financial reports electronically. -- Post-BCRA Analysis (OpenSecrets.org press release)

Thanks to Daily Kos for the link.