Wyly Brothers and 2000 Election
The first use of a 527 organization to channel a large sum of money into the election process has been attributed to the billionaire Wyly brothers of Texas. They "played an instrumental role" when helping their desired candidate, Texas Republican George W. Bush, via a $2.5-million advertising campaign they financed using a 527 organization.
Read more about this topic: 527 Organization
Famous quotes containing the words brothers and/or election:
“Even brothers should keep careful accounts.”
—Chinese proverb.
“Well, I am chiefly interested in the renomination, so don’t get disconsolate over that. If we lost the election I shall feel that the party is rejected, whereas if I fail to secure the renomination it will be a personal defeat.”
—William Howard Taft (1857–1930)
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