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What is the difference between a 527 and a political action committee (PAC)?

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What is the difference between a 527 and a political action committee (PAC)?

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A PAC can accept no more than $5000. It can give up to $5000 to a candidate, and can run ads saying whatever it wants. A 527 group can accept an unlimited amount of money, but it can’t give money directly to a candidate, coordinate with a candidate, or run ads that say “vote for” or “defeat” a particular candidate. But, these groups run ads that are far more damaging to candidates that what most PACs run. And many campaign consultants and staff have moved between candidate campaigns and 527 groups, making the claim that they don’t coordinate pretty questionable.

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