527 Organization - Wyly Brothers and 2000 Election

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.

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