Word: feingolds
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WITH ALL THE INDEPENDENT ORGANIZATIONS SPRINGING UP TO CIRCUMVENT THE MCCAIN-FEINGOLD CAMPAIGN-FINANCE LAW, DO WE NEED ANOTHER ROUND OF REFORMS? No. We only need a Federal Election Commission [FEC] to enforce the existing law. A lot of good things have happened since the law was passedincluding dramatic increases in small donors. But the Federal Election Commission simply fails to do its job. We're going to have to reform...
...line of fire that is bruising Kerry seem to bounce off Bush? As Kerry's defenders are quick to note, the President had a fairly acrobatic record even before the Condi flip, doubling back on everything from his "humble" foreign policy to steel tariffs, opposing the McCain-Feingold campaign-finance bill and then signing it, calling gay marriage a state issue and then backing a federal ban on it. In fact, the Times poll found, roughly equal numbers of voters see Bush and Kerry as flip-floppers (35% and 38%, respectively). But what matters is not the perception so much...
...which by law are limited to no more than $2,000 per individual. In the first six months of the 2003-2004 election cycle, Democrats raised nearly $83 million less than Republicans in hard money. After the passage of the Bipartisan Campaign Finance Reform Act, popularly known as McCain-Feingold, the soft-money donations that Democrats have used to overcome the Republican hard-money advantage are illegal. Even before they were illegal, these massive donations from corporations, labor unions and wealthy individuals undermined the Democrats’ populist rhetoric and diverted the Party’s focus away from...
...irony is that in anticipation of these circumstances, Democrats have spent the past year searching for exemptions in the McCain-Feingold campaign-finance-reform law that they themselves had long championed. One method they are banking on: a network of new organizations known as 527s (after the section of the IRS code that gives them tax-exempt status), which can raise unlimited money for advertising and voter-registration efforts, as long as they don't coordinate with the candidate. But that strategy faces a crucial test this week at the Federal Election Commission...
...style more than substance that distinguishes Dean Democracy from its predecessors--cyberstyle. When the Supreme Court upheld the McCain-Feingold campaign-finance-reform law last week, it was a ratification of New-New fund-raising practices. Soft money--that is, giant corporate contributions to political parties--is out; giant personal contributions to nonparty activist organizations like MoveOn.org are in. "The irony is, the Democratic National Committee could use soft money to run positive ads about our candidates," a prominent Democrat told me last week. "The law says MoveOn.org isn't allowed to promote individual candidates. They're limited to informational...