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527's raising more than in '04 cycle

The Hill reports: Soft-money political committees are well ahead of their fundraising pace for the 2004 election cycle, raising more than $48 million in the first six months of this year, according to a review of fundraising totals

Known as 527 groups, after a section of the tax code, the 30 groups that raised the most this election cycle have raised $48.3 million through the end of June, putting them on pace to raise at least twice that much by the end of the year.

The same groups that raised the most money for the 2004 election had raised $78.5 million in all of 2003, the preceding off year.

The Hill compiled the figures from report summaries posted on politicalmoneyline.com, a website that tracks fundraising activity. Many of the reports became publicly available at the end of last month or the beginning of this month. -- 527s outstrip 2004 cycle's pace