Saturday, February 06, 2010
Horse Group Allegedly Supports Senate Candidates
KENTUCKY....
According to a report filed with the Internal Revenue Service Friday, the Kentucky horse-industry group, Keep Our Jobs in Kentucky Inc., spent nearly $850,000 last year to help two Democrats in their state Senate bids. The report says $266,460 was spent in a race won by Democrat Robin Webb last August and $482,044 in a losing effort on behalf of Democrat Jodie Haydon in December, while about $93,000 more was spent on administrative costs. Keep Our Jobs in Kentucky is a political-action committee created under Chapter 527 of the IRS code, and although banned from urging voters to support or oppose a candidate, it can run ads supporting a candidate, while stopping short of an explicit request for a vote. More than half of the $845,000 raised by the group came from horse tracks, with Churchill Downs, Keeneland, Ellis Park, Turfway Park and The Red Mile each contributing $75,000 and Kentucky Downs giving $65,000. Most of the rest of the money came from breeders, racing stables and others involved in horseracing.
According to a report filed with the Internal Revenue Service Friday, the Kentucky horse-industry group, Keep Our Jobs in Kentucky Inc., spent nearly $850,000 last year to help two Democrats in their state Senate bids. The report says $266,460 was spent in a race won by Democrat Robin Webb last August and $482,044 in a losing effort on behalf of Democrat Jodie Haydon in December, while about $93,000 more was spent on administrative costs. Keep Our Jobs in Kentucky is a political-action committee created under Chapter 527 of the IRS code, and although banned from urging voters to support or oppose a candidate, it can run ads supporting a candidate, while stopping short of an explicit request for a vote. More than half of the $845,000 raised by the group came from horse tracks, with Churchill Downs, Keeneland, Ellis Park, Turfway Park and The Red Mile each contributing $75,000 and Kentucky Downs giving $65,000. Most of the rest of the money came from breeders, racing stables and others involved in horseracing.
# posted by Homer Owens @ 1:40 AM 
