Posted on 12/19/2010 7:55:43 PM PST by BuckeyeTexan
One of the things to consider is whether the donations would be tax deductible. There is still time before 2010 closes out. It could be significant.
FYI - FReeper ErnstStavroBlofeld has experience in PACs and has been in leadership positions in them too.
Recommended reading here from the FEC:
Nonconnected PAC Registration Toolkit
Essential:
- FEC Form 1 - Statement of Organization [PDF]
- Screen-fillable FEC Form 1 [PDF]
- Screen fillable FEC Form 1 with audio instructions [PDF]
Recommended:
From this page:
I believe if it is one of those 501(c) catagories that is tax deductable that candidates cannnot be endorsed
So IMO the donations will not be deductable for the type of PAC that is needed.
___________________________________________________________________
I’m a big tent republican.
http://www.freerepublic.com/focus/f-news/1821435/posts?page=6245#6245
Here’s an analogy to work with. Take a small box and fill it with some rocks. Then add some rice, filling it to the top. Now take all the same stuff, but in a different order. Put in the rice first, then add the rocks. What you’ll find is that if you put in the big stuff first, the small stuff will fit around it. But if you put in the small stuff first, the big stuff won’t have room. The republican tent is the box. The Big issues are the socon issues, to be put in first. The little issues are things that can be accommodated around the bigger stuff. A candidate who tries to focus on the smaller issues first and leave out the bigger issues has no way of getting all of us into the tent. He splits the party. The candidate who gets the big stuff right and as much of the little stuff that will fit, he can fit more into the tent. We’re often amazed at how much rice can keep fitting in. Rudy Giuliani flunks some of the big issues, and on some of the little issues it looks to me like anyone else’s rice would do just as well. All that remains for us to agree on is which are the bedrock principles and which are not. Why would there be so much invective aimed at rudy from the right? Because there are some bedrock principles that he is leaving out. Bad move. I see rudybot postings all the time saying that they would vote for Hunter, and I see socon postings that say they would not vote for rudy. That’s a BIG indicator of a few bedrock principles that are being left outside the tent in order to let in some rice.
___________________________________________________________________
Saturday, December 18, 2010 9:33:47 PM · 714 of 1,579
Red Steel to Jim Robinson; humblegunner; onyx; Syncro; BuckeyeTexan; GitmoSailor; kristinn; All
To get started this is the place.
From the Federal Election Commission:
Quick Answers to PAC Questions and where to download the "PAC Registration Toolkit."
http://www.fec.gov/ans/answers_pac.shtml
And
Quick Answers to Common Questions
http://www.fec.gov/ans/answers.shtml
And
"How to Create a Political Action Committee"
http://www.ehow.com/how_2077352_create-political-action-committee.html
From what I’ve read thus far, no political contributions are tax deductible as the PAC is not a charitable org.
Sunday, December 19, 2010 8:29:13 PM · 1,550 of 1,579
Red Steel to BuckeyeTexan; onyx; humblegunner
Yup, the treasurer signs his/her name to the FEC 1 form.
The duties
You'll notice the FEC does recognize others can perform the Treasurer's duties.
http://www.fec.gov/pages/brochures/committee_treasurers_brochure.pdf
I would suggest that a salary isn’t going to be feasible until/unless the PAC is well established.
I agree.
Have you served as a Treasurer of a PAC? Our filing must designate a Treasurer, bank, and website.
Even if the PAC incorporates to limit liability, the FEC can still go after the Treasurer in his personal capacity if they believe he knowingly and willingly broke the law and/or recklessly failed to perform his duties. So our designated Treasurer must understand the implications of accepting the responsbility. He will be responsible for ensuring that the PAC complies with all federal laws.
To whomever is managing this ping list, if I am not already on the list, please add me.
Thanks.
I think the positive should be clearly and boldly emphasized.
Please ping me to this list.
What about being involved in the Democrat primaries also? To select primary winners that are more likely to lose in the general.
Kinda like the MSM does to the GOP. re McCain.
Put me on the ping list. I’ve been here since 1998 (not under this sn). My own crusade against Harry Reid showed me none of us can do it alone.
I'm also thinking in terms of logistics and management not on the form...A dedicate computer with accounting software for the Treasurer.
I nominate McLame's BFF Lindsey Graham to be the FReeper PAC's first target.
To hell with the RINO trash!
Please add me to the ping list.
[Here’s a couple of short versions from the text in the body of the thread:
Form a Political Action Committe to organize an effort to defeat the RINOs in the upcoming 2012 and 2014 Congressional elections.
And
An anti-RINO PAC and get it going in all 57 states to support and elect True God and Country Conservatives™. ]
I learned quite a lot being around the Sharron Angle campaign. Sharron got crucified by the RNOs like Sig Rogich in the state of Nevada. Any Freeper PAC has to make very sure it isn’t controlled by the Beltway moneymen like Rove, who will glom on in a heartbeat.
You’re already on the list. :)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.