Tuesday, July 27, 2010

Target Corp. spending company money on political candidates

This is going to be a nightmare:

ST. PAUL, Minn. – Here's something Target Corp. isn't advertising in its Sunday circular: The discount retailer is now a major donor to a group backing the Republican candidate for Minnesota governor.

And that's not sitting well with every Target shopper.

Under new laws allowing corporations to spend company money on election campaigns, the Minneapolis-based chain gave $150,000 to a Republican-friendly political fund staffed by insiders from departing GOP Gov. Tim Pawlenty's administration. The group, MN Forward, is running TV ads supporting state legislator Tom Emmer, the presumptive GOP nominee.

The corporate money is flowing since the U.S. Supreme Court threw out parts of a 63-year-old law that prohibited companies and unions from donating to campaigns for or against candidates. The decision, which came earlier this year, changed rules in about half the states. But the change is so new that experts don't have a good handle on the likely impact nationally.

"This is the leading edge," said Ed Bender, who heads the National Institute on Money in State Politics in Montana.

In Minnesota, where Target has its headquarters and opened its first store 48 years ago, Democrats are grumbling about the large donation, and some are talking about striking back at the popular brand.

A few voices are even calling for a boycott in the state, one of Target's top three for sales. One Democratic-backed group is reaching out to Target employees through Facebook ads urging them to sign a petition opposing the donations.

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