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American Solutions For Winning The Future
American Solutions for Winning the Future (often referred to as American Solutions) was a 527 organization created by former Speaker of the United States House of Representatives Newt Gingrich. The group first received national attention for its 2008 effort, "Drill Here. Drill Now. Pay Less", focused on the issue of offshore drilling. The organization closed in July 2011. American Solutions was established by Gingrich in 2007.Kendra NarrFormer Gingrich 527 closes ''Politico'' (August 26, 2011). Gingrich served as chairman of the group. The group was a "fundraising juggernaut" that raised $52 million from major donors, such as Sheldon Adelson and the coal company Peabody Energy. The group promoted deregulation and increased offshore oil drilling and other fossil-fuel extraction and opposed the Employee Free Choice Act;Kathryn McGarr & Kenneth P. VogelNewt's big cash haul: $8 million ''Politico'' (July 31, 2009). ''Politico'' reported in 2009 that, "The operation, which includes a po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
527 Organization
A 527 organization or 527 group is a type of U.S. tax-exempt organization organized under Section 527 of the U.S. Internal Revenue Code (). A 527 group is created primarily to influence the selection, nomination, election, appointment or defeat of candidates to federal, state or local public office. Technically, almost all political committees, including state, local, and federal candidate committees, traditional political action committees (PACs), " Super PACs", and political parties are "527s". However, in common practice the term is usually applied only to such organizations that are not regulated under state or federal campaign finance laws because they do not "expressly advocate" for the election or defeat of a candidate or party. There are no upper limits on contributions to 527s and no restrictions on who may contribute. There are no spending limits imposed on these organizations. The organizations must register with the Internal Revenue Service (IRS), publicly discl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
