I Love America: Colbert's Super PAC Still Has Lots of Money And Thanks to Our Laws He Gets To Keep It
Having stabbed to death Ham Rove, a bespectacled ham who served as the chief strategist for his Super PAC Americans for a Better Tomorrow, Tomorrow, Stephen Colbert closed the SuperPac and, with the help of his lawyer, promptly, smilingly, entirely legally found a way to keep its remaining $766,000 - tax-free, no strings - by "disappearing" it to a new 501c4 group through an IRS loophole. Welcome to American campaign finance law.
Part of Colbert's letter announcing the demise of Rove and the Super PAC:
"Dear Super Loved Ones,
I write this letter with a heavy heart and elevated cholesterol. Earlier today, our advisor and chief strategist, Ham Rove, passed away. Authorities believe he repeatedly tripped and fell onto a knife several dozen times. Later some dogs ate him....
Due to Ham Rove's timely passing, I am announcing that Colbert Super PAC is shutting down effective immediately. During this time of mourning, we ask that you respect our privacy, and more importantly, the privacy of our money. It wishes to stay out of the public eye, so please don't go trying to find it. Rest assured, you won't. We have a really good lawyer.
Don't stop bereaving..."