Word: feingolds
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...about the system that funds it. He proposes lifting the $1,000 limit on individual contributions and requiring full disclosure of contributors. But, says McCain, "that's basically the system we have today. The restrictions we have now are a facade." The Senator's current plan, in his McCain-Feingold bill, would ban the unlimited contributions known as "soft money" that corporations, lobbyists and unions can give to national parties, and it would restrict outside, allegedly "independent" groups from running ads to help specific candidates...
...reform the way we finance our campaigns," McCain says. "And you're never going to get rid of pork-barrel spending and make government smaller until you remove the special interests that dominate our political process." Sources close to McCain say he and his co-sponsor, Democrat Russ Feingold of Wisconsin, will threaten to bring Senate business to a halt this month unless G.O.P. leaders bring up the bill for debate and a vote...
Last September, after the House passed a similar piece of campaign finance reform legislation, the Shays-Meehan bill, McCain, along with Sen. Russell Feingold (D-Wis.) tried again to pass their legislation. For a second time, the bill failed, by a vote of 52-48, 8 votes short of breaking the filibuster led by Senate Majority Leader Trent Lott (R-Miss...
...spite of opposition to campaign finance from many leading Republicans politicians, the Public Campaign poll showed that 75 percent of the voters in New Hampshire supported the McCain-Feingold legislation and opposition to the bill among voters in states surveyed did not rise above 20 percent...
...some campaign finance reform supporters say that ultimately, it will take more extensive legislation than the likes of the McCain-Feingold bill to make a substantial difference in the way elections...