TV's Colbert Hands SuperPAC Over To Stewart

Comedian Stephen Colbert of Comedy Central may make a run for the presidency in South Carolina. Because he may be a candidate, he legally handed the control of his superPAC over to Daily Show host Jon Stewart.

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Let's stay on politics and another superPAC making news. Comedian Stephen Colbert made a very important announcement on his Comedy Central show last night.


STEPHEN COLBERT: I am proud to announce that I am forming an exploratory committee to lay the groundwork for my possible candidacy for the president of the United States of South Carolina. I'm doing it.

GREENE: Colbert says he'd been looking for an alternate to Mitt Romney, and apparently it dawned on him that he was the answer.


President of the United States of South Carolina, he says, but remember, the candidate cannot control the superPAC doing the independent spending. So he handed over control of his own superPAC - he's got one - to "Daily Show" host Jon Stewart, which means Americans for a Better Tomorrow, Tomorrow no longer exists.


JON STEWART: But it has been reborn.

The Definitely Not Coordinating With Stephen Colbert SuperPAC.

GREENE: Now, technically, technically Colbert can't win in South Carolina. He missed the filing deadline, and the Palmetto State doesn't allow write-ins for presidential candidates. If he was eligible, the comedian would have some support in his home state. No joke, a recent survey by Public Policy Polling had Stephen Colbert with 5 percent support. That is one percentage point ahead of candidate Jon Huntsman.

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