Wednesday, April 18, 2007

The Club for Growth Is No Longer a 527

Jeffrey Birnbaum explains why the Club for Growth is swapping its disclosure-heavy 527 label for 501(c)4 tax status:

According to a letter obtained by the Campaign Finance Institute, the Club sees many benefits in its transformation, including secrecy. "Unlike in the past, your donations to the Club will not be disclosed to the public, except in very limited circumstances," wrote Patrick J. Toomey, the group's president.

Birnbaum notes that the Club "must also alter its function so that it no longer primarily works on elections."