Word: feingolds
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...bill would restrict political speech in three ways. First, by banning contributions of "soft money," McCain-Feingold would sharply restrict fund raising by political parties. The effect: less party advertising and advocacy...
...McCain-Feingold would also prohibit "coordinated expenditures" by parties on behalf of candidates who contribute more than $50,000 to their own campaigns. This would cut spending by candidates on campaigns or by parties in support of their candidates...
...third provision of McCain-Feingold bill would limit spending by independent groups on advertising that mentions candidates for federal office. Such advertising, whether conducted by the Christian Coalition or the AFL-CIO, would be closely restricted during the 60-day period leading up to elections...
Consider, finally, the limits on campaign contributions that McCain-Feingold would leave untouched. Contributions by individuals would continue to be limited to $1,000 per race, while political action committees or PACs would be restricted to $5,000. Contributions by corporations would remain illegal...
...standard response of McCain-Feingold supporters to the worry that restricting the availability of funds for advertising will result in a decrease of political speech is simply to deny that limits on fund raising and spending constitute limits on political speech at all. "Money," they argue, "is not speech...