Just inside the boundaries of the law, foundations associated with the Black and Hispanic Congressional caucuses raise millions of dollars. From James Varney at realclearinvestigations.com:
Like-minded members of Congress have created hundreds of caucuses to help them work on specific issues – including the Arthritis Caucus, the Freedom Caucus, the U.S.-Japan Caucus, the Special Operations Forces, and the Bipartisan Candy Caucus.
But two of them – the Congressional Black Caucus and the Congressional Hispanic Caucus – stand out for the unparalleled fundraising they do through independent but closely aligned nonprofit arms. Filled with current members of Congress and representatives from some of America’s largest corporations, the Congressional Black Caucus Foundation and the Congressional Hispanic Caucus Institute operate outside of normal campaign finance laws to raise millions of dollars each year.
Websites and tax returns for the two nonprofits say they are designed to provide scholarships and opportunities to minority students and promising businesses. But records show they spend a much smaller percentage of their revenue on those programs than they do on salaries, fundraising, and hosting conferences.
Rep. Terri Sewell (D-AL.), right, is chair of the Congressional Black Caucus Foundation.
AP
“What you have is a very cozy relationship that complies with the law, yet it’s elected officials and corporations working together and there’s lots of money involved,” said Joe Postell, a professor of politics at Hillsdale College. “It claims to be philanthropic but it’s obvious it’s just another avenue for special interest money.”
And it’s a lot of money.
The Congressional Black Caucus Foundation raked in more than $45 million between 2020 and 2022, the last full year for which figures are available, and that includes the down year in which the COVID pandemic shutdowns crippled the U.S. economy. During that stretch, Foundation revenues increased nearly 89%.
Had to watch that spicy hot Nelma Kodama docu again and when a citizen does it is “financial crime” when a bank or NGO does it it’s public policy or fund raising.
It really is the root of all evil.
How much did AIPAC raise and spend?
Mitch got $1 million plus in the bestest government that money can buy.
Still have that bumper sticker somewhere of don’t steal because the government hates competition.
This just in from Horace Brown:
The Things We Do For Love (Instrumental)