Tag: politics

  • What are Political Action Committees (PACs)?

    What are Political Action Committees (PACs)?

    Political Action Committees (PACs) raise and spend money to support or oppose political candidates, parties, or issues. PACs are formed by corporations, labor unions, trade associations, advocacy groups, and other organizations to engage in political activity and influence the outcome of elections. PACs operate under specific rules and regulations the Federal Election Commission (FEC) set…