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> Can't they can give money to PACs which then give to candidates?

No, but they can sponsor a PAC, which frees up more of the money a PAC raises from individual sources for donations to candidates; this is different only if you ignore the fungibility of money.

(They can also spend directly or via a “SuperPAC” on advocacy that is for/against candidates but legally not coordinated with candidates, and SuperPAC activity in practice is often coordinated with campaigns via public signalling and other mechanisms.)



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