Ted Cruz Is Turning an Allied Super PAC Into a Media Company
Photo Illustration by Thomas Levinson/The Daily Beast/GettyIn recent weeks, a number of news reports have delved into the legal questions about a super PAC generating hundreds of thousands of dollars in corporate revenue from a popular podcaster: Sen. Ted Cruz (R-TX).While legal experts cited in those reports have floated serious potential campaign finance issues with the arrangement, it appears that Cruz—a notorious Federal Election Commission troll—may have landed upon yet another seemingly unprecedented loophole in election laws: He’s turned a super PAC supporting him into a media company—and is funding it himself.That doesn’t mean Cruz’s podcast arrangement with corporate media giant iHeartMedia is necessarily aboveboard. In fact, in conversations with The Daily Beast, experts in campaign finance regulations, government ethics, and tax law raised a slew of potential legal and ethical issues, with Cruz characteristically darkening the gray area.Read more at The Daily Beast.
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