Monday, October 20, 2008

Jay Z Violates Campaign Finance Laws

Under campaign finance laws an individual may only donate up to $2,300 to a politcal candidate unless donationing to a National Committee, then he may donate $28,500. The week of October 1st it was announced Jay Z would throw 2 Free Concerts in support of Barack Obama.

Reuters reported "Hip-hop star Jay-Z will play two free concerts this weekend in support of voter registration and the campaign of Democratic presidential nominee Barack Obama for the upcoming U.S. presidential election.

The first show is set for Saturday (October 4) at Detroit's Cobo Arena. Jay-Z will play Miami's Bayfront Park Amphitheatre the following day. Voter registration for the upcoming election ends Monday."

Reuters Link:

Video of the Concert

By FEC Laws Jay Z may only volunteer his time, and donate $2,300 to a primary and general election and $28,500 to a Democratic National Committee. Def Jam MAY NOT pick up the tab for FREE Concerts for Obama.

How is it possible for 2 free concerts to cost lest than $28,500.00??
How much does it cost for to rent Detroit's Cobo Arena and Miami's Bayfront Park Amphitheatre?

I am quite sure the cost of these events exceeded $250,000.
You need to pay for:
  • Permits
  • Insurance
  • Arena Staff
  • Security
  • Audio Visual Techs
  • Rental of AV Equiptment
  • Cost of Printing Tickets

Also, by LAW, these workers can not donate their time.

  • Corporations and Labor Unions are also prohibited form contributing. This law applies to all incorporated organizations, profit or non-profit. Business owners are not allowed to make contributions from their business accounts.
  • Donations of food, beverages, office supplies, printing or other services, furniture, etc. are considered "in-kind" contributions, so their value counts against contribution limits.

Important: Questions should be directed to the Federal Election Commission in Washington, DC: 800/424-9530 (toll free) or 202/694-1100.

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