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What Happens to the Money Politicians Raise After they Drop Out? | Armstrong Economics

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QUESTION: What happens to the money politicians raise and then they drop out? Do they keep it? MH ANSWER: Actually, they use to pocket it, tax-free of course. Did you ever wonder why CEOs of Goldman Sachs take high ranking positions and then leave? Due to the conflict of interest laws, they must sell their stock to take the job. Because they MUST sell their stock, it is tax-free. With respect to politicians, they'll often put their leftover funds toward their next race. If they choose not to run, they have to abide by the same FEC rules. However, prior...
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